$1,990,000

For sale

261 Mckee Avenue, Toronto (Willowdale East) - Single Family for Sale

261 Mckee Avenue, Toronto (Willowdale East), Ontario, M2N4E2

9 beds7 baths6 parking4,250 ft²52 × 146 ft (7,671 sq ft) lot sizeListed 16 days ago

Overview

This 9-bedroom, 7-bathroom home in Toronto is for sale offering roughly 4,250 sq ft of space. Listed at $1,990,000, it is attractively priced about 23% below the $2,588,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 55 days.

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Description

Bright & Spacious Custom-Built Home Offering Approx. 4,200 Sq. Ft. Of Living Space On An Impressive 52.39' x 146.43' Lot* No Rear Neighbours, Offering Open Views & Added Privacy*9 ' Ceiling On Ground Level* Prime Location Close To Top-Ranked Schls, Community Centre & All Amenities*Featuring Elegant Crystal Chandeliers, 2 Skylights & A Spacious, Functional Layout** The Property Currently Offers 4 Separate Living Units, Ideal For Large Or Multi-Generational Families, Or Buyers Seeking Additional Rental Income! 3 Additional Separate Units With Potential Rental Income Exceeding $5,000/Month! Unit #1 Ground Flr Studio Apartment, W/ 3Pc Washroom & Sliding Door Walkout To Backyard (Original Partial Fam Rm) ; Unit #3 Ground Flr 1-Bdrm Apartment W/ 3Pc Washroom & Separate Laundry ; Unit #2 Spacious Bsmt 3-Bdrm Apartment W/ Large Kitchen, Private Laundry & 4Pc Wshrm. **.Recent Updates: Furnace (2023), A/C (2015), Roof (2013), Plus 2 Owned Hot Water Tanks. Redone Some Area Painting & Flooring *RARE OPPORTUNITY! Enjoy The Comfort Of A Luxury Home In A Prestigious Neighbourhood, Access To Excellent Schools, And The Added Benefit Of Substantial Rental Income Potential! PRICE JUST FOR QUICK SALE! OUTSTANDING VALUE FOR A CUSTOM-BUILT HOME OF THIS SIZE ON A PREMIUM 52' x 146' LOT IN WILLOWDALE! (id:66096)

Property Details

MLS®: C14093966
Property Type: Single Family
Bedrooms: 9
Beds (above / below): 4 above · 5 below
Bathrooms: 7
Half Baths: 1
Parking: 6
Interior Size: 4,250 ft²
Lot Size: 52 × 146 ft (7,671 sq ft)
Frontage: 52 ft
Storeys: 2
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Basement

Bedroom 5: 3.82 x 4.26 meters
Laundry room: 3.82 x 5.81 meters
Kitchen: 4.23 x 4.18 meters
Living room: 3.41 x 3.06 meters

Ground level

Living room: 6.71 x 3.89 meters
Dining room: 4.88 x 3.89 meters
Family room: 6.1 x 3.96 meters
Kitchen: 7.62 x 6.86 meters
Library: 4.27 x 3.35 meters

Second level

Features

Appliances: Refrigerator, Stove, Dryer, Hood Fan, Window Coverings, Water Heater
Flooring: Hardwood, Laminate, Carpeted
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Willowdale East) listings, avg age

55d

Price / ft²

$468

List price

$1.99M

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 9-bed single family in Toronto (Willowdale East) has been listed for 16 days, which is 39 days fresher than the city average of 55. Act while there is still low competition.

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Listed by REAL ONE REALTY INC. · HONG TINA CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $1,990,000, about 24.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $388,717 (20% down, 25-yr amortization, stress-tested) — roughly 374% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$1,990,000· $468/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $398,000

Min 20%50%

Mortgage payment$8,487/mo

Property tax (est.)$1,327/mo

Total monthly$9,813

Cash Needed to Close

Down payment (20%)$398,000

Land transfer tax$72,550

Est. closing costs$8,470

Total cash needed$479,020

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