96B Laurel Avenue, Toronto (Kennedy Park), Ontario, M1K3J9

For sale

9 days ago

$750K

96B Laurel Avenue, Toronto (Kennedy Park), Ontario, M1K3J9

4 bd2 ba5 pk1,300 ft²Lot size 23 × 104 ft (2,392 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

124 Roebuck Drive, Toronto (Kennedy Park), Ontario, M1K2H8

For sale

14 days ago

$950K

124 Roebuck Drive, Toronto (Kennedy Park), Ontario, M1K2H8

5 bd3 ba4 pk1,300 ft²Lot size 40 × 133 ft (5,359 sq ft)

Listed by RE/MAX REALTY SPECIALISTS INC.

19 Treverton Drive, Toronto (Kennedy Park), Ontario, M1K3S5

For sale

20 days ago

$1.19M

19 Treverton Drive, Toronto (Kennedy Park), Ontario, M1K3S5

8 bd5 ba5 pk1,300 ft²Lot size 45 × 117 ft (5,256 sq ft)

Listed by HOMELIFE TOP STAR REALTY INC.

55 Laurel Avenue, Toronto (Kennedy Park), Ontario, M9B4T1

For sale

21 days ago

$1.20M

55 Laurel Avenue, Toronto (Kennedy Park), Ontario, M9B4T1

3 bd3 ba3 pk1,300 ft²Lot size 28 × 104 ft (2,860 sq ft)

Listed by LPT REALTY

Investment analysis

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$939,900

Toronto

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Sunday, November 8, 2:00 PM to 4:00 PM

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$939,900

For sale

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167 Magnolia Avenue, Toronto (Kennedy Park) - Single Family for Sale

167 Magnolia Avenue, Toronto (Kennedy Park), Ontario, M1K3K7

5 beds3 baths3 parking1,750 ft²30 × 109 ft (3,270 sq ft) lot sizeListed 35 days ago

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Its $939,900 asking price sits right in line with the $939,900 median in Toronto. It has been on the market 35 days, fresher than the Toronto average of 52 days.

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Description

FULLY VACANT, brick, three-unit (TRIPLEX) investment property in high-demand Kennedy Park, offering immediate cash flow with real flexibility for the next owner. The property recently generated $4,650 per month in gross rent, across three units, each with its own kitchen: a 2-bedroom upper floor, a 2-bedroom main floor, and a 1-bedroom basement suite, each with a 4-piece bathroom. Roof (2025), HWT (2025), Furnace (2016), AC (2016) Coin operated laundry generates approximately $150/month. Steps from Greystone Plaza at Danforth and Midland and Kennedy Park Plaza, minutes to Kennedy Station on the subway and Scarborough lines, Eglinton GO, with schools, parks, and community centres all close by. A strategic, income-producing property in one of Scarborough's most connected and in-demand pockets, making it suitable for any investment portfolio. Financials attached to listing. (id:66096)

Property Details

MLS®: E13851328
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 30 × 109 ft (3,270 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,396.69/yr
Listed: 35 days ago

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Toronto (Kennedy Park) listings, avg age

52d

Price / ft²

$537

List price

$940K

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 5-bed single family in Toronto (Kennedy Park) has been listed for 35 days, which is 17 days fresher than the city average of 52. Act while there is still low competition.

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Listed by RARE REAL ESTATE · NIRUN SIVANANTHAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $939,900, about 13.0× the local median household income of $72,500.

Carrying it typically needs a household income of about $183,595 (20% down, 25-yr amortization, stress-tested) — roughly 153% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$939,900· $537/ft²

For sale

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Full Cost Breakdown

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Down Payment7.34% · $68,990

Min 7.34%50%

Mortgage payment$4,828/mo

↳ CMHC premium ($34,836 capitalized)

Property tax (est.)$366/mo

Total monthly$5,195

Cash Needed to Close

Down payment (7.34%)$68,990

Land transfer tax$30,546

Est. closing costs$5,320

Total cash needed$104,856

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