$559,000

$599,000For salePrice drop↓ $40,000 (7%)

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121 Preston Street, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

121 Preston Street, Toronto (Birchcliffe-Cliffside), Ontario, M1N3N4

2 beds1 bath2 parking900 ft²25 × 150 ft (3,690 sq ft) lot sizeListed 58 days ago

Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space.

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Description

***Attention Investors & Builders!!*** An Exceptional Opportunity Awaits At 121 Preston St! Situated On A Deep 150-Ft Lot, This Charming Well-Maintained Bungalow Offers Endless Potential For Those Looking To Build Their Dream Home, With Plans Ready For A Magnificent Modern Residence. In The Meantime, The Existing Bungalow Provides A Reliable Income Stream, Offering The Opportunity To Offset Carrying Costs While You Prepare For Future Construction. Located In A Well-Established Scarborough Neighbourhood Surrounded By Parks, Recreation Facilities, Schools & Convenient Transit. Enjoy Easy Access To Woodrow Park, Highview Park & Sandown Park, Along With Multiple Playgrounds, Sports Fields, A Ball Diamond, Splash Pads & Trails Within A 20-Minute Walk. Public Transit Is Also Conveniently Close, With A Street-Level Transit Stop Just A 3-Minute Walk Away & Scarborough GO Approximately 17 Minutes Away. A Fantastic Opportunity To Invest, Build & Create Something Truly Special! (id:66096)

Property Details

MLS®: E13761892
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 900 ft²
Lot Size: 25 × 150 ft (3,690 sq ft)
Frontage: 25 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $3,506.61/yr
Listed

Rooms

Main level

Living room: 3.4 x 4.61 meters
Sunroom: 1.34 x 2.93 meters
Kitchen: 3.41 x 2.54 meters
Primary Bedroom: 3.01 x 3 meters
Bedroom 2: 2.86 x 2.88 meters
Study: 2.85 x 2.57 meters
Laundry room: 2.98 x 1.57 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Concrete
Exterior: Aluminum siding, Brick Facing

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Birchcliffe-Cliffside) listings, avg age

47d

Price / ft²

$621

List price

$559K

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 2-bed single family in Toronto (Birchcliffe-Cliffside) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE SIGNATURE REALTY · IRA KALEMI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1N)

This home lists at $559,000, about 6.2× the local median household income of $90,000.

Carrying it typically needs a household income of about $109,192 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.

Median household income: $90,000
Population: 22,976
Median age: 44.8
Owner / renter: 65% / 35%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M1N)

$559,000· $621/ft²

For sale

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Full Cost Breakdown

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Down Payment5.53% · $30,900

Min 5.53%50%

Mortgage payment$2,928/mo

↳ CMHC premium ($21,124 capitalized)

Property tax (est.)$292/mo

Total monthly$3,220

Cash Needed to Close

Down payment (5.53%)$30,900

Land transfer tax$15,310

Est. closing costs$4,177

Total cash needed$50,387

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121 Preston Street, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1N)

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Full Cost Breakdown