$1,999,918

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38 Avenal Drive, Toronto (Humewood-Cedarvale) - Single Family for Sale

38 Avenal Drive, Toronto (Humewood-Cedarvale), Ontario, M6C1V4

4 beds3 baths parking

149 Atlas Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C3P4

4 bd4 ba1 pk1,300 ft²Lot size 23 × 101 ft (2,343 sq ft)

Listed by FOREST HILL REAL ESTATE INC.

311 Wychwood Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C2T6

For sale

7 days ago

$2.00M

311 Wychwood Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C2T6

5 bd6 ba2 pk1,750 ft²Lot size 23 × 107 ft (2,408 sq ft)

Listed by MCCANN REALTY GROUP LTD.

313 Vaughan Road, Toronto (Humewood-Cedarvale), Ontario, M5C2N5

For sale

7 days ago

$990K

313 Vaughan Road, Toronto (Humewood-Cedarvale), Ontario, M5C2N5

3 bd2 ba3 pk900 ft²Lot size 25 × 120 ft (3,003 sq ft)

Listed by JDF REALTY LTD.

101 Winnett Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C3L4

For sale

8 days ago

$1.42M

101 Winnett Avenue, Toronto (Humewood-Cedarvale), Ontario, M6C3L4

3 bd2 ba1 pk1,300 ft²Lot size 16 × 102 ft (1,632 sq ft)

Listed by SUTTON GROUP-ASSOCIATES REALTY INC.

Investment analysis

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$1,999,918

Toronto

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Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 350 sq ft of space. Listed at $1,999,918, it is attractively priced about 9% below the $2,189,000 median asking price in Toronto. It has been on the market 2 days, fresher than the Toronto average of 39 days.

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Description

Build your dream home on this 40 foot lot on one of Cedarvale's most desirable streets. Located at the corner of Hill Place and Avenal, the property lends itself to an array of architectural design possibilities. Literally steps to both Beth Tzedec and Holy Blossom synagogues, Cedarvale Ravine, Cedarvale public school , Leo Baeck, and Robbins Hebrew Academy. Walk over to Glen Cedar Park and then head north to Eglinton shops and restaurants. Quick access to TTC, LRT and Allen Expressway. Same owner for 63 years. (id:66096)

Rooms

Ground level

Living room: 6.08 x 3.75 meters
Dining room: 3.9 x 3.75 meters
Kitchen: 5.3 x 3.6 meters
Den: 6.5 x 2.98 meters

Second level

Primary Bedroom: 4.3 x 4.17 meters
Bedroom 2: 4.1 x 3.75 meters
Bedroom 3: 3.6 x 3.1 meters
Bedroom 4: 4 x 3.05 meters

Basement

Recreational, Games room: 5.5 x 3.48 meters

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

Market Timing

Days on market

Toronto (Humewood-Cedarvale) listings, avg age

39d

Price / ft²

$5,722

List price

$2.00M

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.

Area context

Neighbourhood profile (M6C)

This home lists at $1,999,918, about 22.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $390,654 (20% down, 25-yr amortization, stress-tested) — roughly 329% above the area median.

Median household income: $91,000
Population: 23,997
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6C)

$1,999,918· $5,722/ft²

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Full Cost Breakdown

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Down Payment20% · $399,983.60

Min 20%50%

Mortgage payment$8,529/mo

Property tax (est.)$860/mo

Total monthly$9,390

Cash Needed to Close

Down payment (20%)$399,984

Land transfer tax$72,947

Est. closing costs$8,500

Total cash needed$481,430

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

38 Avenal Drive, Toronto (Humewood-Cedarvale) - Single Family for Sale

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Description

Property Details

Rooms

Features

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Market Timing

Location

Nearby Places

Neighbourhood profile (M6C)

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Full Cost Breakdown