$1,999,900

For saleJust listed

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212 Cummer Avenue, Toronto (Newtonbrook East) - Single Family for Sale

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

6 beds3 baths parking

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

Yesterday

$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.

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

For saleJust listed

5 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.

64 Risebrough Avenue, Toronto (Newtonbrook East), Ontario, M2M2E3

For saleJust listed

6 days ago

$3.80M

64 Risebrough Avenue, Toronto (Newtonbrook East), Ontario, M2M2E3

5 bd7 ba4 pk4,250 ft²Lot size 52 × 137 ft (7,148 sq ft)

Listed by iCloud Realty Ltd.

Investment analysis

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$1,999,900

Toronto

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Description

Developers & Investors: Rare opportunity on a massive 67.5' x 325' lot in prime North York. You can put a detached laneway house in the backyard.Located on Cummer Ave, minutes from Finch Subway and the future subway extension. The house is fully renovated from top to bottom, featuring a new roof, windows, furnace, and AC. Follow the lead of neighboring properties (162,164,166,200 Cummer Ave), currently being redeveloped into 14 detached homes. Future development potential is immense.Future potential redevelopment plan attached if you assemble four houses together. (id:66096)

Property Details

MLS®: C14137588
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 8
Interior Size: 2,250 ft²
Lot Size: 68 × 325 ft (21,938 sq ft)
Frontage: 68 ft
Storeys: 2
Basement: Partially finished, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $10,594.92/yr
Listed: 2 days ago

Rooms

Main level

Living room: 3.91 x 2.79 meters
Dining room: 5.28 x 3.45 meters
Kitchen: 3.66 x 3.4 meters
Bedroom: 3.53 x 3.45 meters
Bedroom 2: 2.79 x 2.62 meters

Upper Level

Bedroom 3: 3.86 x 3.71 meters
Bedroom 4: 4.11 x 2.64 meters
Bedroom 5: 3.07 x 2.82 meters

Lower level

Bedroom: 4.09 x 3.35 meters

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

Market Timing

Days on market

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$889

List price

$2.00M

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.

Area context

Neighbourhood profile (M2M)

This home lists at $1,999,900, about 24.7× the local median household income of $81,000.

Carrying it typically needs a household income of about $390,650 (20% down, 25-yr amortization, stress-tested) — roughly 382% 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)

$1,999,900· $889/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $399,980

Min 20%50%

Mortgage payment$8,529/mo

Property tax (est.)$883/mo

Total monthly$9,412

Cash Needed to Close

Down payment (20%)$399,980

Land transfer tax$72,946

Est. closing costs$8,500

Total cash needed$481,426

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

212 Cummer Avenue, Toronto (Newtonbrook East) - Single Family for Sale

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Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (M2M)

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