47 Cherryhill Avenue

Centennial Scarborough, Toronto

47 Cherryhill Avenue, Centennial Scarborough, Toronto

$1,199,800


Bedrooms: 3

Bathrooms: 4

Living Area: 2,000 sqft

Price Per Sqft: $599.90


About this Detached

in Centennial Scarborough, Toronto

Experience refined living in one of Toronto's most prestigious waterfront communities. This exceptional, custom-built residence offers approximately 2,800 sq. ft. of impeccably designed living space, seamlessly blending elegance, comfort, and functionality.The open-concept main level is adorned with sophisticated coffered ceilings and anchored by a stunning chef-inspired kitchen, thoughtfully designed for both everyday living and upscale entertaining. A private main floor office and an expansive laundry room add convenience without compromising style.The show-stopping family room is a true architectural centerpiece, featuring a wood-burning fireplace, soaring vaulted ceilings, skylights, a picturesque bay window, and a charming Juliette balcony. Bathed in natural light, this space offers an inviting yet luxurious setting for both intimate moments and grand gatherings.A separate side entrance off the oversized driveway presents a rare opportunity for a seamless lower-level conversion-ideal for multigenerational living or income-generating potential. The fully finished lower level extends the home's versatility, offering two additional bedrooms, a spacious family room, and an oversized cold storage area.Step outside from the kitchen onto a private deck overlooking a tranquil, tree-lined backdrop, creating a serene outdoor retreat. The second level unveils a covered terrace-an uncommon and highly desirable feature that elevates the home's indoor-outdoor living experience.Perfectly situated, this residence offers effortless access to scenic parks, ravine trails, and the waterfront, along with TTC and GO Transit, Highway 401, top-tier schools, the Pan Am Sports Centre, Rouge National Urban Park, the Toronto Zoo, and a swift commute to downtown Toronto. Approx. $300K spent in upgrades. Some of which include: the roof, skylights, soffits, insulation (2015), windows (2016), A/C (2021), ensuite ( 2024),and insulated garage doors(2025).

Listed by ROYAL HERITAGE REALTY LTD..


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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