Get $3,398 Cash Back
47 KING EDWARD AVENUE, Toronto (Woodbine-Lumsden) — listed at $1,359,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
0% Interest - 5 (FIVE) Years VTB. The VTB will Assist with the Down Payment or it Could be Used for Bringing Down the Monthly Carrying Costs. Savings of up to $50,000.00 in Interest in Only 5 Years. Location, Location, Location!! - Situated in the Desirable Gledhill School District. This Detached 3-Bedroom Home has a Private Drive on a Deep Lot, allowing for a Garden Suite. Main Floor Master Bedroom & 2nd Floor Master Bedroom Features a Walkout to Deck that Overlooks the Lovely Backyard. 2nd Floor Flex / Media Room with Kitchen, could be a 4th Bedroom. Main Floor (Renovated - 1 3-Pc Bath). 2nd Floor Laundry Facilities. Fully Refinished to The Studs. Wired & Interconnect Smoke & Carbon Monoxide Detectors throughout. Main Front & 2nd Floor Windows Replaced (2024), and Roof (2024). Main Floor Open Concept Kitchen & Living Room. Roughed in Laundry on Main Floor. Separate Entrance to Basement. New Stainless-Steel Appliances. Income Potential - Live on Main Floor or 2nd Floor and Rent the Other. Further Income Potential from Furnishing the Basement Level & Garden Suite. Close to: Danforth Restaurants, Coffee Shops, School, Banks, Medical Clinics, 10 Minutes to Subway. Ideal for Extended family or Young couple. Please speak with Listing Agent regarding Financial Opportunities. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 6.49 x 2.9 meters |
| Bedroom 3 | Main level | 3.81 x 4.32 meters |
| Bedroom | Second level | 3.05 x 2.74 meters |
| Family room | Second level | 4.57 x 3.96 meters |
| Living room | Second level | 4.79 x 3.04 meters |
What's the parking situation?+
This property includes 1 space — No Garage.
What makes this a luxury property?+
At $1,359,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,562, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Woodbine-Lumsden) before counting on it.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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