$898,900

For sale

320 Weston Road, Toronto (Junction Area) - Single Family for Sale

320 Weston Road, Toronto (Junction Area), Ontario, M6N3P5

3 beds2 baths1 parking900 ft²18 × 120 ft (2,160 sq ft) lot sizeListed 22 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $898,900, it is attractively priced about 25% below the $1,199,900 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 65 days.

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Description

Welcome to 320 Weston Rd, a fantastic opportunity in the highly sought-after Junction area. This semi-detached home offers 3 bedrooms and 2 bathrooms, providing a functional layout with plenty of potential for homeowners, investors, renovators, and developers alike. The property features a finished basement, offering additional living space that can be used for a recreation room, home office, guest area, or other flexible needs. The home presents an excellent opportunity to bring your own vision and create a space tailored to your lifestyle or investment strategy. For developers and investors, the property also offers potential for laneway house development, subject to municipal approvals, zoning requirements, and applicable regulations. Its location and development potential make this an especially compelling opportunity in a rapidly evolving west-end Toronto neighbourhood. Located in the Junction, you'll be close to an exciting mix of restaurants, cafés, shops, parks, transit, and everyday amenities, with excellent access to the surrounding neighbourhoods and downtown Toronto. Property is being sold strictly "as is, where is." Buyers are encouraged to conduct their own due diligence regarding the property, zoning, renovation possibilities, and any potential laneway house development. An exceptional opportunity to own, renovate, invest, or explore future development potential in one of Toronto's most desirable neighbourhoods. (id:66096)

Property Details

MLS®: W14031670
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 900 ft²
Lot Size: 18 × 120 ft (2,160 sq ft)
Frontage: 18 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,047/yr
Listed: 22 days ago

Rooms

Main level

Kitchen: 4.46 x 2.77 meters
Dining room: 4.46 x 3.33 meters
Living room: 4.46 x 3.74 meters

Upper Level

Primary Bedroom: 3.76 x 2.95 meters
Bedroom 2: 3.45 x 3.07 meters
Bedroom 3: 2.46 x 2.77 meters

Lower level

Recreational, Games room: 4.02 x 7.52 meters

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

Features

Appliances: Refrigerator, Stove, Range, Window Coverings
Flooring: Parquet, Ceramic
Foundation: Block
Exterior: Brick, Aluminum siding
Lot Features: Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Junction Area) listings, avg age

65d

Price / ft²

$999

List price

$899K

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 (Junction Area) has been listed for 22 days, which is 43 days fresher than the city average of 65. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · ANTHONY CHRISTIAN ANGHELONI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6N)

This home lists at $898,900, about 11.9× the local median household income of $75,500.

Carrying it typically needs a household income of about $175,587 (20% down, 25-yr amortization, stress-tested) — roughly 133% above the area median.

Median household income: $75,500
Population: 40,252
Median age: 40.8
Owner / renter: 58% / 42%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6N)

$898,900· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,890

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,360 capitalized)

Property tax (est.)$254/mo

Total monthly$4,878

Cash Needed to Close

Down payment (7.22%)$64,890

Land transfer tax$28,906

Est. closing costs$5,197

Total cash needed$98,993

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