$649,000

For saleJust listed

96 Denton Avenue, Toronto (Oakridge), Ontario, M1L4T1

6 bd5 ba5 pk3,250 ft²Lot size 40 × 120 ft (4,820 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

9 Scotia Avenue, Toronto (Oakridge), Ontario, M1L4E4

For saleJust listed

3 days ago

$599K

9 Scotia Avenue, Toronto (Oakridge), Ontario, M1L4E4

2 bd1 ba2 pk900 ft²Lot size 35 × 118 ft (4,130 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

99A Leyton Avenue, Toronto (Oakridge), Ontario, M1L3T9

For saleJust listed

4 days ago

$999K

99A Leyton Avenue, Toronto (Oakridge), Ontario, M1L3T9

4 bd4 ba2 pk1,750 ft²Lot size 25 × 100 ft (2,500 sq ft)

Listed by UNION CAPITAL REALTY

20 Lucy Avenue, Toronto (Oakridge), Ontario, M1L1A3

For sale

8 days ago

$980K

20 Lucy Avenue, Toronto (Oakridge), Ontario, M1L1A3

2 bd2 ba1 pk1,750 ft²Lot size 22 × 100 ft (2,202 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$649,000

Toronto

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25 Madelaine Avenue, Toronto (Oakridge) - Single Family for Sale

25 Madelaine Avenue, Toronto (Oakridge), Ontario, M1L2X5

2 beds2 baths2 parking350 ft²25 × 113 ft (2,825 sq ft) lot sizeListed Yesterday

Overview

This 2-bedroom, 2-bathroom home in Toronto is for sale offering roughly 350 sq ft of space. Listed at $649,000, it is attractively priced about 24% below the $859,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 73 days.

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Description

ATTENTION ALL BUYERS - LOOK NO FURTHER! This home truly checks all the boxes! Whether you're a first-time buyer, looking to upsize or downsize, or an investor, builder, or developer, this is an opportunity you don't want to miss! Welcome to this cute little bungalow in the heart of Scarborough, ideally located within walking distance of the subway, grocery stores, schools, shopping, pharmacies, doctors, and just about everything else you need. Convenience is right at your doorstep! For end users, this is a fantastic opportunity to get into the market, enjoy a comfortable home, and keep your monthly expenses low. But here's where the real opportunity lies! The property comes with permits already in hand for a brand-new home, ready to build! Looking to build your dream home? The seller can even build it for you, with plenty of customization options to make it your own. Whether you're looking for a place to call home, an investment, or your next building project, the possibilities here are endless. At this price, it's absolutely worth a look! Don't miss out! (id:66096)

Property Details

MLS®: E14153492
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 350 ft²
Lot Size: 25 × 113 ft (2,825 sq ft)
Frontage: 25 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,903/yr
Listed: Yesterday

Features

Foundation: Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Oakridge) listings, avg age

73d

Price / ft²

$1,857

List price

$649K

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 2-bed single family in Toronto (Oakridge) has been listed for 1 day, which is 72 days fresher than the city average of 73. Act while there is still low competition.

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Listed by ROYAL LEPAGE WEST REALTY GROUP LTD. · SANDIP CHOOK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1L)

This home lists at $649,000, about 8.3× the local median household income of $78,000.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $78,000
Population: 35,833
Median age: 38.8
Owner / renter: 51% / 49%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1L)

$649,000· $1,857/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$242/mo

Total monthly$3,619

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$18,910

Est. closing costs$4,447

Total cash needed$63,257

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