$799,999

For sale

22 Falaise Road, Toronto (West Hill) - Single Family for Sale

22 Falaise Road, Toronto (West Hill), Ontario, M1E3B5

4 beds2 baths7 parking900 ft²50 × 150 ft (7,500 sq ft) lot sizeListed 44 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $799,999, it is attractively priced about 11% below the $899,000 median asking price in Toronto. It has been on the market 44 days, fresher than the Toronto average of 62 days.

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Description

Attention Downsizers, First-Time Buyers & Investors alike! Welcome to this charming, turn-key West Hill bungalow nestled on a premium 50ft x 150ft lot. The sun-filled main level boasts a fresh & modern renovated kitchen along with a spacious 2-bedroom layout including stylish finishes throughout - perfect for young families looking to move right in. Downstairs, a separate entrance leads to a great, self-contained basement suite offering incredible rental income potential or an ideal in-law setup. The lower level includes an additional 2 bedrooms, a kitchen, a 3-piece bathroom, and brand-new luxury vinyl flooring. Live upstairs and let your tenant pay a portion of your mortgage, or rent out both levels for a high-yield addition to your investment portfolio! Located in a highly desirable, family-friendly Scarborough pocket close to U of T Scarborough, Centennial College, excellent schools, parks, shopping, TTC, and the GO Station. Truly a rare find with endless potential! (id:66096)

Property Details

MLS®: E13820414
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 7
Interior Size: 900 ft²
Lot Size: 50 × 150 ft (7,500 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,597/yr

Rooms

Main level

Living room: 4.77 x 3.4 meters
Kitchen: 3.02 x 3.33 meters
Bedroom: 3.33 x 2.9 meters
Bedroom: 3.76 x 2.39 meters
Bathroom: 1.57 x 2.31 meters

Lower level

Recreational, Games room: 3 x 3.3 meters
Kitchen: 1.89 x 4.55 meters
Bedroom: 3.35 x 2.39 meters
Bedroom: 2.9 x 3.33 meters
Bathroom: 1.91 x 2.11 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (West Hill) listings, avg age

62d

Price / ft²

$889

List price

$800K

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 (West Hill) has been listed for 44 days, which is 18 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ENGEL & VOLKERS OAKVILLE · GABRIEL FERRARO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1E)

This home lists at $799,999, about 9.8× the local median household income of $82,000.

Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$799,999· $889/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,999.90

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,800 capitalized)

Property tax (est.)$300/mo

Total monthly$4,430

Cash Needed to Close

Down payment (6.87%)$55,000

Land transfer tax$24,950

Est. closing costs$4,900

Total cash needed$84,850

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