$999,000

For sale

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308 Morrish Road, Toronto (Highland Creek) - Single Family for Sale

308 Morrish Road, Toronto (Highland Creek), Ontario, M1C1G1

2 beds1 bath3 parking ft²

3346 Ellesmere Road, Toronto (Highland Creek), Ontario, M1C1G9

9 bd6 ba8 pk2,250 ft²Lot size 50 × 247 ft (12,389 sq ft)

Listed by BAY STREET INTEGRITY REALTY INC.

17 Bobmar Road, Toronto (Highland Creek), Ontario, M1C1C8

For saleJust listed

6 days ago

$2.68M

17 Bobmar Road, Toronto (Highland Creek), Ontario, M1C1C8

9 bd5 ba10 pk1,300 ft²Lot size 75 × 337 ft (25,275 sq ft)

Listed by NEW ERA REAL ESTATE

28 Thomas Avenue, Toronto (Highland Creek), Ontario, M1C1E5

For sale

7 days ago

$1.27M

28 Thomas Avenue, Toronto (Highland Creek), Ontario, M1C1E5

2 bd1 ba5 pk900 ft²Lot size 88 × 223 ft (19,584 sq ft)

Listed by NEW ERA REAL ESTATE

37 Acland Crescent, Toronto (Highland Creek), Ontario, M1C1N5

For salePrice drop

21 days ago

$1.15M$1.30M

↓ $150K (12%) price drop

37 Acland Crescent, Toronto (Highland Creek), Ontario, M1C1N5

5 bd2 ba4 pk2,750 ft²Lot size 35 × 138 ft (4,871 sq ft)

Listed by RE/MAX ROUGE RIVER REALTY LTD.

Investment analysis

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$999,000

Toronto

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50 × 289 ft (14,450 sq ft) lot size

Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $999,000, it is attractively priced about 17% below the $1,199,000 median asking price in Toronto. It has been on the market 27 days, fresher than the Toronto average of 48 days.

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Description

A rare development opportunity! Excellently located near the University of Toronto Scarborough Campus and Centennial College. This sizable lot measures 50' 289'.Municipal consent has been obtained to subdivide the land into two individual 50' 140' lots. Each lot boasts strong rental potential and qualifies for redevelopment with two residential dwellings. For full particulars, kindly reach out to the listing broker. Truly an exceptional land parcel. (id:66096)

Property Details

MLS®: E13874654
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 289 ft (14,450 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,350.65/yr
Listed: 27 days ago

Rooms

Main level

Living room: 12.14 x 12.8 meters
Dining room: 12.14 x 7.22 meters
Primary Bedroom: 15.42 x 10.17 meters
Bedroom 2: 10.17 x 9.84 meters
Kitchen: 12.8 x 8.86 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Concrete
Exterior: Stone, Aluminum siding

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Highland Creek) listings, avg age

48d

Price / ft²

$1,110

List price

$999K

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 (Highland Creek) has been listed for 27 days, which is 21 days fresher than the city average of 48. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · HUAN WANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1C)

This home lists at $999,000, about 7.7× the local median household income of $130,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.

Median household income: $130,000
Population: 35,642
Median age: 44.4
Owner / renter: 89% / 11%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA M1C)

$999,000· $1,110/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$363/mo

Total monthly$5,486

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$32,910

Est. closing costs$5,497

Total cash needed$113,307

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