$1,190,000

For sale

4 Michigan Drive, Toronto (Newtonbrook East), Ontario, M2M3J1

3 bd3 ba6 pk2,250 ft²Lot size 65 × 129 ft (8,353 sq ft)

Listed by REAL BROKER ONTARIO LTD.

65 Northwood Drive, Toronto (Newtonbrook East), Ontario, M2M2J9

For saleJust listed

2 days ago

$2.29M

65 Northwood Drive, Toronto (Newtonbrook East), Ontario, M2M2J9

4 bd5 ba7 pk5,000 ft²Lot size 54 × 217 ft (11,718 sq ft)

Listed by FOREST HILL REAL ESTATE INC.

212 Cummer Avenue, Toronto (Newtonbrook East), Ontario, M2M2E7

For saleJust listed

3 days ago

$2.00M

212 Cummer Avenue, Toronto (Newtonbrook East), Ontario, M2M2E7

6 bd3 ba8 pk2,250 ft²Lot size 68 × 325 ft (21,938 sq ft)

Listed by REAL ONE REALTY INC.

50 Silverview Drive, Toronto (Newtonbrook East), Ontario, M2M2B3

For saleJust listed

6 days ago

$1.40M

50 Silverview Drive, Toronto (Newtonbrook East), Ontario, M2M2B3

5 bd4 ba4 pk1,300 ft²Lot size 50 × 120 ft (6,000 sq ft)

Listed by JDL REALTY INC.

Investment analysis

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$1,190,000

Toronto

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183 Maxome Avenue, Toronto (Newtonbrook East) - Single Family for Sale

183 Maxome Avenue, Toronto (Newtonbrook East), Ontario, M2M3L1

5 beds2 baths5 parking1,300 ft²65 × 161 ft (10,485 sq ft) lot sizeListed 17 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,190,000, it is attractively priced about 32% below the $1,749,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 66 days.

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Description

A Rare Opportunity in a Prestigious Neighbourhood, Welcome to 183 Maxome Ave-a charming bungalow on an exceptionally wide lot, surrounded by multi-million-dollar homes and backing directly onto a park. Enjoy rare privacy, beautiful green views, and a fantastic location just minutes from parks, schools, shops, and everyday amenities. This home offers a bright, spacious living area, three comfortable bedrooms, and a basement with a separate entrance-ideal for extended family or future flexibility. While some minor updates maybe needed, this is a wonderful opportunity to personalize the home and add value. Recently expired permit plans are available, and the listing renderings illustrate what home could look like after development based on plans. Whether you're a builder, investor, or end user, properties like this-on a premium lot, backing onto parkland, and nestled among exceptional homes-are rarely available. Book your showing today and imagine the possibilities You donot want to miss! (id:66096)

Property Details

MLS®: C14093756
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 65 × 161 ft (10,485 sq ft)
Frontage: 65 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport
Ownership: Freehold
Property Tax: $7,503.52/yr
Listed: 17 days ago

Rooms

Main level

Family room: 5 x 3.5 meters
Dining room: 4 x 3 meters
Kitchen: 4.5 x 4 meters
Primary Bedroom: 4 x 3 meters
Bedroom 2: 2.5 x 3 meters
Bedroom 3: 2.5 x 3 meters

Basement

Bedroom: 3.5 x 5 meters
Bedroom: 2.5 x 3 meters

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

Features

Appliances: Water Heater
Flooring: Tile, Hardwood
Foundation: Concrete
Exterior: Brick, Aluminum siding
Lot Features: Irregular lot size, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Newtonbrook East) listings, avg age

66d

Price / ft²

$915

List price

$1.19M

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 (Newtonbrook East) has been listed for 17 days, which is 49 days fresher than the city average of 66. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · MATT RAFIGHI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $1,190,000, about 14.7× the local median household income of $81,000.

Carrying it typically needs a household income of about $232,449 (20% down, 25-yr amortization, stress-tested) — roughly 187% 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)

$1,190,000· $915/ft²

For sale

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Full Cost Breakdown

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Down Payment7.90% · $94,000

Min 7.90%50%

Mortgage payment$6,076/mo

↳ CMHC premium ($43,840 capitalized)

Property tax (est.)$625/mo

Total monthly$6,702

Cash Needed to Close

Down payment (7.90%)$94,000

Land transfer tax$40,550

Est. closing costs$6,070

Total cash needed$140,620

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