$1,799,000

For sale

351 Fairlawn Avenue, Toronto (Bedford Park-Nortown) - Single Family for Sale

351 Fairlawn Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1T5

3 beds2 baths2 parking1,300 ft²25 × 165 ft (4,125 sq ft) lot sizeListed 29 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,799,000, it is attractively priced about 40% below the $2,999,000 median asking price in Toronto. It has been on the market 29 days, fresher than the Toronto average of 52 days.

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Description

Fully RENOVATED in 2023! Welcome to this stunning 3-bedroom, 2-bathroom turn key detached home situated on a massive 25 x 165 ft lot in the prestigious and family-friendly Yonge & Lawrence neighborhood. The bright main floor seamlessly blends character and modern updates, featuring gleaming hardwood floors, a cozy wood burning fireplace, and a direct walk out to a private, fully fenced, EXTRA DEEP backyard!*******THE INCREDIBLE 165 foot lot DEPTH and favorable SIDE clearance offers prime potential to build a SWIMING POOL or GARDEN SUITE perfect for future rental income, grandparents, or older children! ******* The completely FINISHED lower level offers FANTASTIC SPACE versatile space that can be used as an additional bedroom or recreation room, complete with laundry and a full bathroom featuring a stand-up shower. New wiring(2023) New AC/Heat pump (2023) Roof (2025) New Mitsubishi Hi-efficient Water heater/Boiler (2024). Nestled on a welcoming street with wonderful neighbors, this home offers unparalleled convenience. You are just a short walk to the Lawrence subway station, gourmet dining, and boutique shopping. Enjoy access to top-tier school catchments including John Wanless Jr. P.S., Lawrence Park C.I., as well as prestigious Catholic and private schools! (id:66096)

Property Details

MLS®: C13875880
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 25 × 165 ft (4,125 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Walk-up, N/A, N/A
Heating: Heat Pump, Radiant heat, Electric, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $9,885.73/yr

Features

Appliances: Water meter
Foundation: Concrete
Exterior: Brick
Lot Features: Lighting, Carpet Free, Guest Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$1,384

List price

$1.80M

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 (Bedford Park-Nortown) has been listed for 29 days, which is 23 days fresher than the city average of 52. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · VALEH KHANSARI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $1,799,000, about 11.0× the local median household income of $164,000.

Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$1,799,000· $1,384/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $359,800

Min 20%50%

Mortgage payment$7,672/mo

Property tax (est.)$824/mo

Total monthly$8,496

Cash Needed to Close

Down payment (20%)$359,800

Land transfer tax$64,910

Est. closing costs$7,897

Total cash needed$432,607

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