$799,000

For sale

719 Balaton Avenue, Pickering (Bay Ridges) - Single Family for Sale

719 Balaton Avenue, Pickering (Bay Ridges), Ontario, L1W1W3

5 beds2 baths4 parking1,300 ft²35 × 100 ft (3,500 sq ft) lot sizeListed 33 days ago

Overview

This 5-bedroom, 2-bathroom home in Pickering is for sale offering roughly 1,300 sq ft of space. Listed at $799,000, it is attractively priced about 9% below the $880,000 median asking price in Pickering. It has been on the market 33 days, fresher than the Pickering average of 77 days.

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Description

Welcome to this beautifully 2 Unit Dwelling located in the heart of Pickering. This property is ideal for families seeking a multi-generational home or investors looking to earn rental income. Did I mention great opportunity to live and rent. 3 plus 2 Bedrooms, 2 Bathrooms and parking for 4 cars. Nestled in a vibrant neighbourhood, this home offers convenient access to local amenities, parks, schools, beach, GO transit, restaurants and public transportation. Enjoy the best of suburban living with easy commuting options to Toronto and surrounding areas. This property is registered as a LEGAL 2 Unit Dwelling, providing you with the flexibility of living in one unit while renting out the other. Perfect for generating additional income or housing extended family. The main floor boasts modern updates, featuring an open-concept layout that enhances the living space. Enjoy a stylish kitchen with contemporary finishes, spacious living areas, and ample natural light. Take advantage of the lucrative rental market in Pickering. Both Units are fully equipped with Triple A tenants, who are willing to stay, making it an attractive investment opportunity. This home is designed with multi-generational families in mind, offering privacy and space for everyone. Each unit has its own entrance, kitchen, laundry and living area ensuring comfort and independence.**Don't miss out on this exceptional opportunity to own a versatile property in a prime location! Schedule a viewing today to explore all that 719 Balaton Ave has to offer.** (id:66096)

Property Details

MLS®: E13854168
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 35 × 100 ft (3,500 sq ft)
Frontage: 35 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full, Apartment in basement, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Kitchen: 3.09 x 4.02 meters
Living room: 3.78 x 4.48 meters
Dining room: 3.49 x 3.12 meters
Primary Bedroom: 3.48 x 4.44 meters
Bedroom 2: 3.09 x 3.91 meters
Bedroom 3: 3.09 x 2.43 meters

Lower level

Bedroom 2: 3.31 x 4.23 meters
Utility room: 1.82 x 2.97 meters
Laundry room: 3.29 x 3.11 meters
Laundry room: 1.78 x 2.14 meters

Features

Appliances: Dishwasher, Dryer, Two stoves, Window Coverings, Two Washers, Water Heater, Two Refrigerators
Flooring: Tile, Hardwood, Ceramic
Foundation: Unknown
Exterior: Brick
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Pickering (Bay Ridges) listings, avg age

77d

Price / ft²

$615

List price

$799K

Homes here sell faster than most markets

Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Pickering (Bay Ridges) has been listed for 33 days, which is 44 days fresher than the city average of 77. Act while there is still low competition.

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Listed by CENTURY 21 PERCY FULTON LTD. · SEBASTIAN SPATARO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1W)

This home lists at $799,000, about 7.5× the local median household income of $106,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.

Median household income: $106,000
Population: 18,433
Median age: 42.8
Owner / renter: 81% / 19%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L1W)

$799,000· $615/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$406/mo

Total monthly$4,531

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$12,455

Est. closing costs$4,897

Total cash needed$72,252

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