$2,199,000
Toronto
199 Arlington Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C2Z4
This 7-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,750 sq ft of space. It has been on the market 31 days, fresher than the Toronto average of 37 days.
Welcome to 199 Arlington Ave - a never-lived-in home in Cedarvale, designed to maximize space, flexibility and income potential. Finished with a modern European sensibility, this home features top-of-the-line Italian finishes, including imported doors, windows, faucets and hardware, creating the feeling of a contemporary villa in the heart of the city. Designed to suit virtually any lifestyle, this is an incredible opportunity for growing families, investors, multi-generational living or anyone looking to offset their mortgage with substantial supplementary income. The property features two optional self-contained living spaces: a fully separate, separately metered garden suite, plus a complete lower-level apartment. Together, these spaces have the potential to generate an estimated $5,500-$6,000 per month in supplementary income. Alternatively, the garden suite offers an outstanding private home office, studio, guest suite or space for extended family. Inside, every detail is brand new. Hardwood flooring runs throughout, complemented by custom millwork, luxurious Italian fixtures and high-end built-in Thermador appliances. The layout has been carefully planned to maximize functionality without sacrificing style, offering generous principal rooms, natural light and sophisticated finishes. Set in sought-after Cedarvale, 199 Arlington offers the best of city living with a true neighbourhood feel. Enjoy easy access to parks, ravine trails, shops, restaurants, transit and neighbourhood amenities. Families will also appreciate being part of the Humewood Community School neighbourhood. Whether you are searching for a luxurious family home, an investment with multiple income streams, a multi-generational property, or simply a brand-new home with extraordinary flexibility, 199 Arlington delivers. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 31 days on market, against an average age of 37 days across the listings currently for sale in this city
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.
This 7-bed single family in Toronto (Humewood-Cedarvale) has been listed for 31 days, which is 6 days fresher than the city average of 37. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,199,000, about 24.2× the local median household income of $91,000.
Carrying it typically needs a household income of about $429,542 (20% down, 25-yr amortization, stress-tested) — roughly 372% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6C)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.