$799,998

For sale

1028 Kennedy Road, Toronto (Dorset Park) - Single Family for Sale

1028 Kennedy Road, Toronto (Dorset Park), Ontario, M1P2K6

4 beds3 baths3 parking900 ft²40 × 118 ft (4,720 sq ft) lot sizeListed 29 days ago

Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $799,998, it is attractively priced about 5% below the $845,000 median asking price in Toronto. It has been on the market 29 days, fresher than the Toronto average of 65 days.

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Description

Opportunity Knocks In Dorset Park! Welcome To 1028 Kennedy Road, A Detached 3+1 Bedroom, 3-Bathroom Bungalow Offering Tremendous Potential For Renovators, Contractors, Investors Or Buyers Looking To Transform A Property Into Their Own Vision. This Home Requires Significant Updating And Renovation, Making It An Exciting Opportunity To Reimagine The Space And Add Value In An Established Scarborough Neighbourhood. The Bungalow Layout Offers Flexible Living Space Across Two Levels, With Plenty Of Possibilities For A Thoughtful Renovation. Located On Kennedy Road With Convenient TTC Service Connecting To Kennedy Station, Plus Easy Access To Shopping, Restaurants, Parks, Everyday Amenities And Major Commuter Routes. Situated In The Dorset Park Community And Within The TDSB Catchment For General Crerar Public School And Winston Churchill Collegiate Institute. For Buyers Who Can See Beyond The Current Condition, This Is A Chance To Renovate A Detached Toronto Home To Suit Their Needs And Unlock Its Full Potential. Bring Your Contractor, Your Ideas And Your Vision - 1028 Kennedy Road Is Ready For Its Next Chapter. (id:66096)

Property Details

MLS®: E13867286
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 3
Interior Size: 900 ft²
Lot Size: 40 × 118 ft (4,720 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Ownership: Freehold
Property Tax: $4,125/yr

Rooms

Main level

Living room: 4.87 x 3.2 meters
Dining room: 3.96 x 2.43 meters
Kitchen: 3.35 x 2.43 meters
Bedroom: 4.26 x 3.04 meters
Bedroom 2: 3.65 x 2.43 meters
Bedroom 3: 3.04 x 2.43 meters

Basement

Living room: 3.35 x 3.65 meters
Bedroom 4: 3.65 x 3.65 meters
Kitchen: 4.57 x 3.35 meters
Living room: 4.41 x 3.35 meters

Features

Flooring: Laminate, Carpeted
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Toronto (Dorset Park) listings, avg age

65d

Price / ft²

$889

List price

$800K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Toronto (Dorset Park) has been listed for 29 days, which is 36 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX CROSSROADS REALTY INC. · PAUL GAGNON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1P)

This home lists at $799,998, about 10.5× the local median household income of $76,000.

Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 106% above the area median.

Median household income: $76,000
Population: 45,170
Median age: 39.6
Owner / renter: 59% / 41%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1P)

$799,998· $889/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,999.80

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,800 capitalized)

Property tax (est.)$344/mo

Total monthly$4,474

Cash Needed to Close

Down payment (6.87%)$55,000

Land transfer tax$24,950

Est. closing costs$4,900

Total cash needed$84,850

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