$1,249,000

$1,349,000For salePrice drop↓ $100,000 (7%)

159 Lawrence Avenue West, Toronto (Lawrence Park South) - Single Family for Sale

159 Lawrence Avenue West, Toronto (Lawrence Park South), Ontario, M5M1A9

3 beds2 baths1 parking1,300 ft²25 × 110 ft (2,750 sq ft) lot sizeListed 19 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 19 days, fresher than the Toronto average of 40 days.

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Description

Remarkable value in this detached 3 bed home in Lawrence Park! Charming and functional with high-value updates that haven't compromised its character details. The main floor is accented by a bay window, wood-burning fireplace, hardwood floors and French doors and elevated further with pot lights, upgraded fixtures, and large, open-concept, renovated kitchen with island and breakfast bar, stainless steel appliances and walk out to rear yard. The second floor provides three generously sized bedrooms and an updated bathroom along with laundry area. The back yard is a blank canvas ready for spring planting. Separate garage needs some TLC but offers additional parking or storage. This property also includes a tenanted and cash-flowing separate apartment to help offset expenses. Live in the main house and enjoy extra income, or, rent out both units and enjoy this uncomplicated duplex. Walking distance to Lawrence Subway Station, a quick drive to the 401, incredible schools and easy access to Yonge St shopping and family friendly parks. (id:66096)

Property Details

MLS®: C14087428
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Lot Size: 25 × 110 ft (2,750 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $8,946.85/yr
Listed: 19 days ago

Rooms

Main level

Foyer: 4.88 x 1.98 meters
Kitchen: 3.33 x 2.46 meters
Dining room: 4.19 x 3.48 meters
Living room: 5.41 x 3.73 meters

Second level

Primary Bedroom: 4.83 x 3.15 meters
Bedroom 2: 3.96 x 2.9 meters
Bedroom 3: 3.96 x 2.26 meters

Lower level

Living room: 5.13 x 4.75 meters
Kitchen: 3.25 x 2.49 meters

Features

Flooring: Concrete, Hardwood
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Toronto (Lawrence Park South) listings, avg age

40d

Price / ft²

$961

List price

$1.25M

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 3-bed single family in Toronto (Lawrence Park South) has been listed for 19 days, which is 21 days fresher than the city average of 40. Act while there is still low competition.

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Listed by LANDLORD REALTY INC. · TREVOR VALADE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $1,249,000, about 7.6× the local median household income of $164,000.

Carrying it typically needs a household income of about $243,973 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$1,249,000· $961/ft²

For sale

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Full Cost Breakdown

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Down Payment8.00% · $99,900

Min 8.00%50%

Mortgage payment$6,371/mo

↳ CMHC premium ($45,964 capitalized)

Property tax (est.)$746/mo

Total monthly$7,116

Cash Needed to Close

Down payment (8.00%)$99,900

Land transfer tax$42,910

Est. closing costs$6,247

Total cash needed$149,057

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