$895,000

For sale

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20 Kelvin Avenue, Toronto (East End-Danforth) - Single Family for Sale

20 Kelvin Avenue, Toronto (East End-Danforth), Ontario, M4C5C8

4 beds2 baths1 parking ft²

2396 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2E1

2 bd1 ba1 pk1,300 ft²Lot size 16 × 170 ft (2,725 sq ft)

Listed by UNITED REALTY OF CANADA

2398 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2E1

For saleJust listed

Yesterday

$830K

2398 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2E1

3 bd3 ba4 pk900 ft²Lot size 14 × 171 ft (2,387 sq ft)

Listed by FOREST HILL REAL ESTATE INC.

7 Milk Bottle Lane, Toronto (East End-Danforth), Ontario, M4C0B5

For saleJust listed

2 days ago

$3.25M

7 Milk Bottle Lane, Toronto (East End-Danforth), Ontario, M4C0B5

3 bd5 ba2 pk4,250 ft²Lot size 31 × 160 ft (4,960 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

95 Osborne Avenue, Toronto (East End-Danforth), Ontario, M4E3B1

For saleJust listed

3 days ago

$999K

95 Osborne Avenue, Toronto (East End-Danforth), Ontario, M4E3B1

3 bd1 ba1 pk900 ft²Lot size 18 × 95 ft (1,679 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$895,000

Toronto

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16 × 118 ft (1,900 sq ft) lot size

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $895,000, it is attractively priced about 25% below the $1,199,000 median asking price in Toronto. It has been on the market 11 days, fresher than the Toronto average of 55 days.

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Description

Beautifully renovated, detached 2-unit home featuring 3 bedrooms, 2 brand-new bathrooms and 2 newly renovated kitchens. Freshly painted throughout with modern wood-look vinyl flooring and stylish quartz countertops. Walkout from the kitchen to a beautiful backyard, ideal for outdoor enjoyment. A detached garage is an excellent potential for laneway housing ( see attachment). A great opportunity for homeowners and investors alike. Move-in ready with modern updates and future potential! Roof was redone in 2023. Some photos have been virtually staged. (id:66096)

Property Details

MLS®: E14115734
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 900 ft²
Lot Size: 16 × 118 ft (1,900 sq ft)
Frontage: 16 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,891/yr
Listed: 11 days ago

Rooms

Main level

Sunroom: 3.89 x 1.85 meters
Bedroom: 2.64 x 3.51 meters
Living room: 2.97 x 4.39 meters
Kitchen: 2.77 x 4.47 meters

Second level

Bedroom: 3.89 x 3.23 meters
Bedroom 2: 2.77 x 3.73 meters
Kitchen: 3.89 x 5.89 meters

Basement

Bedroom: 1.98 x 5.16 meters

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

Features

Appliances: Washer, Dryer, Two stoves, Two Refrigerators
Flooring: Tile, Vinyl
Foundation: Unknown
Exterior: Brick, Insul Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (East End-Danforth) listings, avg age

55d

Price / ft²

$994

List price

$895K

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 (East End-Danforth) has been listed for 11 days, which is 44 days fresher than the city average of 55. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · ZARINA GIRACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $895,000, about 10.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $174,825 (20% down, 25-yr amortization, stress-tested) — roughly 111% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$895,000· $994/ft²

For sale

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Full Cost Breakdown

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Down Payment7.21% · $64,500.00

Min 7.21%50%

Mortgage payment$4,604/mo

↳ CMHC premium ($33,220 capitalized)

Property tax (est.)$324/mo

Total monthly$4,929

Cash Needed to Close

Down payment (7.21%)$64,500

Land transfer tax$28,750

Est. closing costs$5,185

Total cash needed$98,435

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice