$899,900

For sale

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361 Rathburn Road, Toronto (Islington-City Centre West) - Single Family for Sale

341 Rathburn Road, Toronto (Islington-City Centre West), Ontario, M9B2L9

5 bd4 ba5 pk1,300 ft²Lot size 48 × 116 ft (5,510 sq ft)

Listed by RIGHT AT HOME REALTY

78 Meadowbank Road, Toronto (Islington-City Centre West), Ontario, M9B5C9

For saleJust listed

Yesterday

$1.80M

78 Meadowbank Road, Toronto (Islington-City Centre West), Ontario, M9B5C9

3 bd3 ba7 pk2,750 ft²Lot size 85 × 146 ft (12,410 sq ft)

Listed by RE/MAX REALTY SPECIALISTS INC.

31 Furrow Lane, Toronto (Islington-City Centre West), Ontario, M8Z0A2

For saleJust listed

2 days ago

$1.25M

31 Furrow Lane, Toronto (Islington-City Centre West), Ontario, M8Z0A2

4 bd3 ba2 pk1,750 ft²Lot size 14 × 59 ft (826 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

18 Hillcroft Drive, Toronto (Islington-City Centre West), Ontario, M9B4X5

For saleJust listed

6 days ago

$2.75M

18 Hillcroft Drive, Toronto (Islington-City Centre West), Ontario, M9B4X5

5 bd6 ba6 pk4,250 ft²Lot size 50 × 114 ft (5,700 sq ft)

Listed by RE/MAX PROFESSIONALS INC.

Investment analysis

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$899,900

Toronto

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361 Rathburn Road, Toronto (Islington-City Centre West), Ontario, M9B2M2

5 beds2 baths3 parking1,300 ft²45 × 123 ft (5,513 sq ft) lot sizeListed 16 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 16 days, fresher than the Toronto average of 56 days.

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Description

OPPORTUNITY KNOCKS IN ETOBICOKE! Whether you're a builder, developer, investor, or buyer with a vision, this property offers plenty of possibilities and potential! Situated on a generous 45 x 122 ft lot, this older detached bungalow presents an excellent opportunity to renovate, reimagine, or build your custom dream home. For those with an eye on development, explore the potential for lot severance, redevelopment, or even a future land assembly, with several neighbouring properties featuring older bungalows along the same stretch. Offered at very competitive price, take advantage of this exciting opportunity and unlock the potential of this well-established Etobicoke location. Renovate it, rebuild it, or explore the possibilities - the next chapter is yours to create! Some photos have been virtually staged. (id:66096)

Property Details

MLS®: W14094616
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 45 × 123 ft (5,513 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $5,125.64/yr
Listed: 16 days ago

Rooms

Main level

Living room: 6.02 x 3.76 meters
Dining room: 3.53 x 2.31 meters
Kitchen: 2.64 x 4.5 meters
Primary Bedroom: 3.1 x 3.94 meters
Bedroom: 3.68 x 2.9 meters
Bedroom: 3.1 x 2.9 meters

Basement

Bedroom: 6.91 x 3.12 meters
Bedroom: 3.33 x 3.73 meters
Utility room: 10.59 x 6.76 meters
Other: 7.37 x 3.35 meters

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

Features

Appliances: Window Coverings
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$692

List price

$900K

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 5-bed single family in Toronto (Islington-City Centre West) has been listed for 16 days, which is 40 days fresher than the city average of 56. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · JOSHUA ANDREW MILLER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9B)

This home lists at $899,900, about 8.3× the local median household income of $108,000.

Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$899,900· $692/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,990

Min 7.22%50%

Mortgage payment$4,629/mo

↳ CMHC premium ($33,396 capitalized)

Property tax (est.)$427/mo

Total monthly$5,056

Cash Needed to Close

Down payment (7.22%)$64,990

Land transfer tax$28,946

Est. closing costs$5,200

Total cash needed$99,136

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