$1,200,000

For sale

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138 Lomar Drive, Toronto (Glenfield-Jane Heights) - Single Family for Sale

138 Lomar Drive, Toronto (Glenfield-Jane Heights), Ontario, M3N1Z4

3 beds2 baths6 parking ft²

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Listed by MAIN STREET REALTY LTD.

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Listed by CENTURY 21 ATRIA REALTY INC.

Investment analysis

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$1,200,000

Toronto

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Description

Well maintained detached 3 bedroom bungalow with 2 kitchens and 2 full baths. Separate entrance to the finished basement with a large recreation room, wet bar, family-size second kitchen, cold storage room, laundry room and full bath. Extra-long private driveway plus detached garage. Minutes to shopping, transit, schools and parks. (id:66096)

Property Details

MLS®: W13731352
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 31 × 125 ft (3,813 sq ft)
Frontage: 31 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,683.09/yr
Listed: 65 days ago

Market Timing

Days on market

65d

Toronto (Glenfield-Jane Heights) listings, avg age

61d

Price / ft²

$686

List price

$1.20M

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.

Area context

Neighbourhood profile (M3N)

This home lists at $1,200,000, about 18.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 252% above the area median.

Median household income: $66,500
Population: 40,846
Median age: 38
Owner / renter: 37% / 63%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA M3N)

$1,200,000· $686/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$307/mo

Total monthly$6,433

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$40,950

Est. closing costs$6,100

Total cash needed$142,050

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

138 Lomar Drive, Toronto (Glenfield-Jane Heights) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M3N)

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