$899,999

For sale

19 Starlake Drive, Toronto (Morningside) - Single Family for Sale

19 Starlake Drive, Toronto (Morningside), Ontario, M1G3C3

6 beds3 baths4 parking1,750 ft²41 × 126 ft (5,166 sq ft) lot sizeListed 15 days ago

Overview

This 6-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $899,999, it is attractively priced about 8% below the $979,999 median asking price in Toronto. It has been on the market 15 days, fresher than the Toronto average of 48 days.

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Description

Rare Opportunity to own this detach house with 2Bed 1Bath legal Basement unit. Exceptional Opportunity for Large Families, Multi-Generational Living & Investors. Welcome to 19 Starlake Drive, a fantastic opportunity to own a versatile home in a highly convenient Scarborough location! Perfect for growing families seeking generous living space, looking for added flexibility, or investors searching for an attractive income-generating opportunity. This property features a separate-entrance basement apartment constructed with permits in 2024, offering excellent potential for additional rental income while allowing the owner to enjoy the comfort and convenience of the main residence. Unbeatable Location with Everyday Convenience at Your Doorstep. Enjoy exceptional connectivity with TTC bus stop just a 2-min, making daily commuting simple and convenient. 5 min. to 401 and just 7 min. drive to GO Transit, providing convenient access to major transportation routes and connections to Toronto North York & Downtown. Close to hospitals, highly rated schools, colleges, the UofT Scarborough campus, grocery stores, shopping, restaurants, daycares, places of worship, and other essential amenities. Major educational institutions, healthcare facilities, and everyday amenities make this a location worth exploring. Freshly Painted, Pot Lights and all Light fixtures newly replaced. (id:66096)

Property Details

MLS®: E14099658
Property Type: Single Family
Zoning: Residential
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 41 × 126 ft (5,166 sq ft)
Frontage: 41 ft
Storeys: 2
Basement: Finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold

Features

Appliances: Washer, Dryer
Foundation: Concrete
Exterior: Brick
Lot Features: Ravine, Flat site, Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Morningside) listings, avg age

48d

Price / ft²

$514

List price

$900K

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 6-bed single family in Toronto (Morningside) has been listed for 15 days, which is 33 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 · LUV GOKHRU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1G)

This home lists at $899,999, about 12.2× the local median household income of $73,500.

Carrying it typically needs a household income of about $175,801 (20% down, 25-yr amortization, stress-tested) — roughly 139% 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)

$899,999· $514/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,999.90

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,400 capitalized)

Property tax (est.)$362/mo

Total monthly$4,991

Cash Needed to Close

Down payment (7.22%)$65,000

Land transfer tax$28,950

Est. closing costs$5,200

Total cash needed$99,150

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