$729,000

For saleJust listed

16 Hoshlega Drive, Toronto (Morningside) - Single Family for Sale

16 Hoshlega Drive, Toronto (Morningside), Ontario, M1G2X5

4 beds2 baths3 parking900 ft²50 × 108 ft (5,411 sq ft) lot sizeListed Yesterday

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $729,000, it is attractively priced about 26% below the $979,999 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 48 days.

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Description

Great Location! Welcome to 16 Hoshlega Dr, a solid brick detached bungalow in a well-established Scarborough neighbourhood. This home features 3 bedrooms on the main floor, hardwood flooring, a bright living and dining area with a large picture window, and an eat-in kitchen. The finished basement offers a spacious recreation room with a built-in bar, an additional bedroom, a 3-piece bathroom, and a separate entrance, providing excellent potential for extended family living. Complete with a single detached garage, mutual driveway, and central air conditioning. Conveniently located close to Scarborough Town Centre, TTC, shopping, schools, parks, and places of worship, with easy access to everyday amenities. A great opportunity for families, first-time buyers, and investors alike! (id:66096)

Property Details

MLS®: E14145134
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 108 ft (5,411 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Separate entrance, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,831/yr
Listed

Rooms

Main level

Living room: 5.75 x 3.87 meters
Dining room: 5.75 x 3.87 meters
Kitchen: 4.36 x 2.71 meters
Primary Bedroom: 3.39 x 3.25 meters
Bedroom 2: 3.36 x 2.74 meters
Bedroom 3: 3.36 x 2.74 meters

Lower level

Recreational, Games room: 7.6 x 5.52 meters
Bedroom 4: 3.56 x 3.37 meters
Laundry room: 7.4 x 4 meters
Furnace: 4.4 x 2 meters

Features

Flooring: Hardwood, Laminate
Foundation: Brick
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Morningside) listings, avg age

48d

Price / ft²

$810

List price

$729K

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 (Morningside) has been listed for 1 day, which is 47 days fresher than the city average of 48. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · ROBERT CROCIONE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1G)

This home lists at $729,000, about 9.9× the local median household income of $73,500.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.

Median household income: $73,500
Population: 30,894
Median age: 36.8
Owner / renter: 46% / 54%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA M1G)

$729,000· $810/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$319/mo

Total monthly$4,095

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$22,110

Est. closing costs$4,687

Total cash needed$74,697

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