$1,450,000

For sale

3435 Ellesmere Road, Toronto (Highland Creek) - Single Family for Sale

3435 Ellesmere Road, Toronto (Highland Creek), Ontario, M1C1H2

8 beds5 baths6 parking2,750 ft²50 × 123 ft (6,167 sq ft) lot sizeListed 44 days ago

Overview

This 8-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,750 sq ft of space. It has been on the market 44 days, fresher than the Toronto average of 47 days.

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Description

Exceptional Value In A High-Demand Location! This Must-See Property Offers A Rare Combination Of Comfortable Living, Flexible Space And Outstanding Income Potential-Ideal For Multi-Generational Families, Investors, Or Buyers Looking To Generate Additional Rental Income. The Impressive Lower Level Features A Spacious 4-Bedroom, 2-Bathroom Layout With Its Own Private Separate Entrance And Large Family-Sized Kitchen, Offering Exceptional Space, Functionality And Privacy.Ideally Located Just A Short Walk To The University Of Toronto Scarborough, Centennial College, And The Upcoming Scarborough Academy Of Medicine And Integrated Health (SAMIH). Conveniently Close To Highway 401, TTC, Parks, Scenic Trails, Shopping And Everyday Amenities. A Rare Opportunity To Own A Spacious And Versatile Home With Excellent Income-Generating Potential In A Highly Convenient Scarborough Location. (id:66096)

Property Details

MLS®: E13813802
Property Type: Single Family
Bedrooms: 8
Beds (above / below): 4 above · 4 below
Bathrooms: 5
Parking: 6
Interior Size: 2,750 ft²
Lot Size: 50 × 123 ft (6,167 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $6,199.87/yr

Rooms

Ground level

Office: 4.37 x 3.43 meters
Other: 3.43 x 3.3 meters
Kitchen: 3.58 x 2.97 meters
Eating area: 4.34 x 3.35 meters
Living room: 5.21 x 3.84 meters

Basement

Bedroom: 3.61 x 3.53 meters
Bedroom: 3.61 x 3.56 meters
Bedroom: 3.61 x 3.45 meters

Second level

Primary Bedroom: 5.84 x 3.35 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Flooring: Hardwood, Laminate, Ceramic
Foundation: Block, Concrete
Exterior: Brick
Lot Features: Wooded area

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Highland Creek) listings, avg age

47d

Price / ft²

$527

List price

$1.45M

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 8-bed single family in Toronto (Highland Creek) has been listed for 44 days, which is 3 days fresher than the city average of 47. Act while there is still low competition.

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Listed by LOYALTY REAL ESTATE · JASON ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1C)

This home lists at $1,450,000, about 11.2× the local median household income of $130,000.

Carrying it typically needs a household income of about $283,236 (20% down, 25-yr amortization, stress-tested) — roughly 118% 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)

$1,450,000· $527/ft²

For sale

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Full Cost Breakdown

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Down Payment8.28% · $120,000

Min 8.28%50%

Mortgage payment$7,374/mo

↳ CMHC premium ($53,200 capitalized)

Property tax (est.)$517/mo

Total monthly$7,890

Cash Needed to Close

Down payment (8.28%)$120,000

Land transfer tax$50,950

Est. closing costs$6,850

Total cash needed$177,800

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