$888,000

For sale

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246 ELLINGTON Drive, Toronto (Wexford-Maryvale) - Single Family for Sale

246 ELLINGTON Drive, Toronto (Wexford-Maryvale), Ontario, M1R3Y4

5 beds2 baths4 parking ft²

11 Bellvare Crescent, Toronto (Wexford-Maryvale), Ontario, M1R2M8

5 bd5 ba4 pk3,250 ft²Lot size 35 × 117 ft (4,142 sq ft)

Listed by CENTURY 21 LEADING EDGE REALTY INC.

59 Princemere Crescent, Toronto (Wexford-Maryvale), Ontario, M1R3X1

For saleJust listed

2 days ago

$1.70M

59 Princemere Crescent, Toronto (Wexford-Maryvale), Ontario, M1R3X1

6 bd4 ba3 pk2,750 ft²Lot size 40 × 122 ft (4,880 sq ft)

Listed by ILISTREALESTATE INC.

4 Cavehill Crescent, Toronto (Wexford-Maryvale), Ontario, M1R4P9

For saleJust listed

3 days ago

$899K

4 Cavehill Crescent, Toronto (Wexford-Maryvale), Ontario, M1R4P9

4 bd2 ba5 pk900 ft²Lot size 53 × 98 ft (5,209 sq ft)

Listed by CHESTNUT PARK REAL ESTATE LIMITED

20 Shaneen Boulevard, Toronto (Wexford-Maryvale), Ontario, M1R1B7

For sale

7 days ago

$899K

20 Shaneen Boulevard, Toronto (Wexford-Maryvale), Ontario, M1R1B7

5 bd2 ba4 pk900 ft²Lot size 40 × 125 ft (5,000 sq ft)

Listed by HOMELIFE/MIRACLE REALTY LTD

Investment analysis

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$888,000

Toronto

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41 × 125 ft (5,142 sq ft) lot size

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $888,000, it is attractively priced about 7% below the $959,000 median asking price in Toronto.

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Description

Location, location, location. Single level perfection in a coveted neighbourhood, this bungalow offers a blend of timeless charm and effortless single level living. Whether you're looking to generate rental income with the secondary basement apartment, create private in-law suite, or accommodate extended family setup, this property offers ultimate flexibility, privacy and long term financial opportunity. The backyard is a seamless extension of the charm this bungalow offers. (id:66096)

Property Details

MLS®: E13807336
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 4
Interior Size: 900 ft²
Lot Size: 41 × 125 ft (5,142 sq ft)
Frontage: 41 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,458.07/yr
Listed: 46 days ago

Rooms

Main level

Living room: 4.4 x 3.86 meters
Kitchen: 5.47 x 2.93 meters
Bedroom: 3.26 x 3.03 meters
Bedroom: 3.24 x 2.86 meters
Bedroom: 3.24 x 2.86 meters

Basement

Bedroom: 2.64 x 2.08 meters
Bedroom: 4.28 x 3.6 meters
Dining room: 6 x 3 meters
Kitchen: 8.66 x 6.82 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, Window Coverings, Water Heater
Flooring: Hardwood, Ceramic
Foundation: Brick
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Wexford-Maryvale) listings, avg age

46d

Price / ft²

$987

List price

$888K

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 (Wexford-Maryvale) has been listed for 46 days, right at the city average. A solid opportunity worth looking into.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · MARY ANNE MORALES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1R)

This home lists at $888,000, about 11.0× the local median household income of $81,000.

Carrying it typically needs a household income of about $173,457 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.

Median household income: $81,000
Population: 30,467
Median age: 41.2
Owner / renter: 56% / 44%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1R)

$888,000· $987/ft²

For sale

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Full Cost Breakdown

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Down Payment7.18% · $63,800

Min 7.18%50%

Mortgage payment$4,570/mo

↳ CMHC premium ($32,968 capitalized)

Property tax (est.)$372/mo

Total monthly$4,941

Cash Needed to Close

Down payment (7.18%)$63,800

Land transfer tax$28,470

Est. closing costs$5,164

Total cash needed$97,434

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