$949,000

For sale

291 Morningside Avenue, Toronto (West Hill) - Single Family for Sale

291 Morningside Avenue, Toronto (West Hill), Ontario, M1E3G1

3 beds1 bath5 parking900 ft²50 × 181 ft (9,050 sq ft) lot sizeListed 42 days ago

Overview

This 3-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. It has been on the market 42 days, fresher than the Toronto average of 61 days.

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Description

A Rare Find - Immaculately Maintained Residence with Residential Zoning!Pride of ownership is evident throughout this exceptionally well-kept property. Offering a unique blend of residential zoning (CR, RD, f13.5;a557*471) per MPAC, this is a truly versatile and valuable opportunity in a rapidly evolving neighbourhood.The home and all major systems, including the roof and mechanics, are in excellent, up-to-date condition. The lot is fully fenced for added privacy and features two newer garages, both built with permits. These spaces are ideal for a handyman, car enthusiast, collector, or simply for additional storage.Situated on a generous lot, the property also holds potential for a Garden Suite, offering an opportunity for added income or multi-generational living.This turnkey property presents incredible long-term investment potential as the area continues to transform. Don't miss this rare opportunity to secure a multi-use property with strong future upside! (id:66096)

Property Details

MLS®: E13826464
Property Type: Single Family
Zoning: RD
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 50 × 181 ft (9,050 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Foyer: 1.18 x 1.77 meters
Living room: 4.55 x 3.96 meters
Kitchen: 3.44 x 3.94 meters
Bedroom: 3.33 x 3.34 meters
Primary Bedroom: 3.29 x 4 meters

Basement

Utility room: 8 x 3.89 meters
Bedroom: 2.98 x 3.49 meters
Utility room: 4.72 x 3.89 meters
Cold room: 2.89 x 1.91 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
Foundation: Concrete, Brick
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (West Hill) listings, avg age

61d

Price / ft²

$1,054

List price

$949K

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 3-bed single family in Toronto (West Hill) has been listed for 42 days, which is 19 days fresher than the city average of 61. Act while there is still low competition.

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Listed by FENGHILL REALTY INC. · LILY ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1E)

This home lists at $949,000, about 11.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 126% 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)

$949,000· $1,054/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$235/mo

Total monthly$5,109

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$30,910

Est. closing costs$5,347

Total cash needed$106,157

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