239 Torrens Avenue

East York, Toronto

239 Torrens Avenue, East York, Toronto

$1,688,000


Bedrooms: 5

Bathrooms: 4

Living Area: 1,500 sqft

Price Per Sqft: $1,125.33


About this Detached

in East York, Toronto

Exceptional East York Opportunity - Two Homes on One Premium Lot. Welcome to 239 Torrens Ave! A rare offering featuring an extensively upgraded detached 4-bedroom, 3-bath home PLUS a brand-new legal garden suite, all set on an expansive 30 x 150 ft lot. Ideal for multi-generational living or strong rental income potential approx. $3,000/month from the garden suite , featuring 10-ft ceilings, modern finishes, a generously sized bedroom, a 3-piece bath with laundry, and a functional layout that integrates the living, dining, and kitchen areas with a W/O to the patio. The main floor of the main house offers a bedroom, an accessible 3-piece bath, a home office with a W/O to the deck, and an inviting foyer that opens into an open-concept living space, beginning with a kitchen featuring a breakfast area, quartz countertops, a ceramic backsplash, SS appliances, and ample pantry storage. The space flows into the dining and living areas, where expansive windows, including a charming bay window, fill the home with natural light. A striking statement fireplace set against a brick accent wall creates a sophisticated focal point. Hardwood floors on the main and second levels, pot lights, 200 amp service, crown molding, and 2 skylights. The primary bedroom is a true sanctuary, with access to 2 balconies, 3 closets, and a generous layout. Two additional bedrooms share a 3-piece bath. The finished basement offers a W/O separate entrance, a recreation room, kitchen, laundry, 3-piece bath, and a cold room. Exterior highlights include a 6-car driveway, carport, stone façade, glass railings, interlocking, landscaped backyard, and a hot tub. Located near top schools, parks, the Danforth, DVP, and the future Ontario Line, this property delivers a rare combination of design, functionality, timeless aesthetics, and income potential in the heart of East York. The urban dream with a Walk Score 90 & Bike Score 83!

Listed by RE/MAX HALLMARK 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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