53 Burrows Avenue
City Centre West, Toronto
$1,498,000
Bedrooms: 3
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $2,140.00
About this Detached
in City Centre West, Toronto
Welcome to 53 Burrows Ave, a beautifully updated bungalow situated on a rare 65-foot premium lot in one of Etobicoke's most sought-after neighbourhoods.The property sits amongst custom built homes, surrounded by multi-million-dollar residences, offering a rare opportunity for families, investors, and builders alike. The main floor features 3 spacious bedrooms, a bright open-concept layout, new flooring throughout, and an upgraded kitchen with stainless steel appliances, granite countertops, and plenty of cabinet space. The L-shaped living and dining rooms provide a practical, comfortable flow, while large windows bring in an abundance of natural light. Oversize sliding doors open to a large walkout deck overlooking a private, lush backyard with mature trees-perfect for outdoor relaxation, kids, or entertaining. The finished basement offers a separate entrance, 2 large bedrooms, a spacious recreation room, and a full 4-piece bathroom, adding excellent flexibility for extended family, guests, or future income potential. One of the few remaining 65-foot-wide lots in the area, this property stands out for its size, setting, and long-term upside. It offers potential for severance and redevelopment into two single-family homes, subject to city approval. Located on a quiet, family-friendly street with sidewalks on both sides, the home is close to highly regarded schools, a TTC bus stop just a 2-minute walk away, and quick access to the subway. Commuting is easy with nearby access to Highways 401, 427, and 400, as well as The Queensway, Lake Shore Boulevard, and Pearson Airport. Enjoy nearby green space including a creek with walking and cycling trails, and a golf course just across the street. A rare combination of location, lot size, and future potential makes this a standout opportunity in a rapidly changing neighborhood. Properties like this are in high demand and seldom come available-this is one you do not want to miss.
Listed by Initia Real Estate.
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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
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| * This material is for informational purposes only. | |||
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