$1,188,000

For sale

22 Gatesview Avenue, Toronto (Scarborough Village) - Single Family for Sale

22 Gatesview Avenue, Toronto (Scarborough Village), Ontario, M1J3G5

5 beds3 baths4 parking1,300 ft²44 × 210 ft (9,160 sq ft) lot sizeListed 10 days ago

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,188,000, it is attractively priced about 12% below the $1,349,000 median asking price in Toronto. It has been on the market 10 days, fresher than the Toronto average of 49 days.

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Description

FANTASTIC OPPORTUNITY - Welcome 2 this Detached Bungalow Situated on a 43.55 x 210.05 Foot Lot in the Heart of Scarborough Village. Comprised of 3 Separate Units Waiting for the Perfect Investor. Upper Unit is Totally Renovated $$$ - Freshly Painted, New Bathroom, New Kitchen, New Floors, New Counters, New Front Porch and New Sod. This Opportunity Offers the Perfect Blend of Function, Comfort & Versatility for your Investment. Separate Side Door Entrance Leads to Two Basement Apartments & Lower-Level Laundry Room. Basement Has Walkout to Extensive Backyard. Ideal for Extended Family, Income Suites & Multi-Generational Living. Close to All Amenities Including GO Station, Shopping, Transit & Schools. This Rare Opportunity Exudes Convenient, Space & Lifestyle Potential. (id:66096)

Property Details

MLS®: E14115402
Property Type: Single Family
Zoning: Res
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 44 × 210 ft (9,160 sq ft)
Frontage: 44 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Ground level

Living room: 3.96 x 3.66 meters
Dining room: 3.96 x 3.66 meters
Kitchen: 5.2 x 3.07 meters
Primary Bedroom: 3.99 x 2.35 meters
Bedroom 2: 4.29 x 2.93 meters
Bedroom 3: 3.06 x 2.84 meters

Basement

Recreational, Games room: 7.01 x 3.96 meters
Living room: 6.89 x 4.88 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, Stove, Dryer, Hood Fan, Window Coverings, Garage door opener
Flooring: Carpeted, Ceramic
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto (Scarborough Village) listings, avg age

49d

Price / ft²

$914

List price

$1.19M

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 5-bed single family in Toronto (Scarborough Village) has been listed for 10 days, which is 39 days fresher than the city average of 49. Act while there is still low competition.

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Listed by CENTURY 21 PARKLAND LTD. · ANNETTE NUNNO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1J)

This home lists at $1,188,000, about 15.5× the local median household income of $76,500.

Carrying it typically needs a household income of about $232,058 (20% down, 25-yr amortization, stress-tested) — roughly 203% above the area median.

Median household income: $76,500
Population: 37,002
Median age: 37.6
Owner / renter: 46% / 54%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M1J)

$1,188,000· $914/ft²

For sale

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Full Cost Breakdown

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Down Payment7.90% · $93,800

Min 7.90%50%

Mortgage payment$6,066/mo

↳ CMHC premium ($43,768 capitalized)

Property tax (est.)$371/mo

Total monthly$6,438

Cash Needed to Close

Down payment (7.90%)$93,800

Land transfer tax$40,470

Est. closing costs$6,064

Total cash needed$140,334

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