$1,398,000

For sale

165 Wedgewood Drive, Toronto (Newtonbrook East) - Single Family for Sale

165 Wedgewood Drive, Toronto (Newtonbrook East), Ontario, M2M2H8

4 beds2 baths5 parking1,300 ft²41 × 216 ft (8,774 sq ft) lot sizeListed 23 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,398,000, it is attractively priced about 20% below the $1,749,000 median asking price in Toronto. It has been on the market 23 days, fresher than the Toronto average of 67 days.

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Description

Welcome to 165 Wedgewood Dr. This Exceptional detached Backsplit is Situated on a Premium Deep Lot (40"6"x 215'4"). Located in the Highly Desirable Newtonbrook East Area Close to Schools, Parks,Yonge Street and All Amenities.Excellent Public transit connections. Walking distance to Cummer Ave and Willowdale Ave TTC buses.Close to Finch Subway/Bus Station and regional GO Bus Terminal, providing easy access to Downtown Toronto, York and Peel Region.Great Growth Potential for a Young Starter Family to continue with Minor Renovations, or to Build a Custom Home in a Builder's Dream Lot!This Solid Brick Backsplit Features 3+1 Bedrooms & 2 Full Bathrooms. Driveway has space for 5 cars.This house is being sold by the Original Owners.The Interior/exterior has been freshly painted. Many doors have been replaced, and the bathrooms renovated or upgraded. The Basement is finished with a Rec Room, Bedroom, and a 3-piece Bathroom and a Separate Entrance.The property has a very large backyard with a southern exposure that is a private oasis that must be seen to be appreciated.Incredible Opportunity to Renovate further, Rebuild a single-family home, Garden Suite or Triplex.Invest in a Coveted Neighborhood with Tremendous Future Value! (id:66096)

Property Details

MLS®: C14031190
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 41 × 216 ft (8,774 sq ft)
Frontage: 41 ft
Basement: Finished, Crawl space, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $9,023.58/yr
Listed: 23 days ago

Rooms

Main level

Living room: 4.85 x 3.5 meters
Dining room: 3.55 x 2.35 meters
Kitchen: 4.52 x 3.35 meters

Upper Level

Primary Bedroom: 3.8 x 3.36 meters
Bedroom 2: 3.36 x 2.82 meters
Bedroom 3: 3.74 x 3 meters

Basement

Bedroom 4: 3.74 x 3.57 meters
Family room: 7.17 x 3.25 meters

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

Features

Appliances: All, Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Microwave, Water Heater
Flooring: Hardwood
Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$1,075

List price

$1.40M

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 (Newtonbrook East) has been listed for 23 days, which is 44 days fresher than the city average of 67. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · FARIBA ARKAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $1,398,000, about 17.3× the local median household income of $81,000.

Carrying it typically needs a household income of about $273,078 (20% down, 25-yr amortization, stress-tested) — roughly 237% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$1,398,000· $1,075/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,800

Min 8.21%50%

Mortgage payment$7,114/mo

↳ CMHC premium ($51,328 capitalized)

Property tax (est.)$752/mo

Total monthly$7,866

Cash Needed to Close

Down payment (8.21%)$114,800

Land transfer tax$48,870

Est. closing costs$6,694

Total cash needed$170,364

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