$1,049,000

For sale

4 Evelyn Wiggins Drive, Toronto (York University Heights) - Single Family for Sale

4 Evelyn Wiggins Drive, Toronto (York University Heights), Ontario, M3J0G3

8 beds4 baths4 parking2,250 ft²20 × 105 ft (2,100 sq ft) lot sizeListed 38 days ago

Overview

This 8-bedroom, 4-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. Listed at $1,049,000, it is attractively priced about 8% below the $1,139,000 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 65 days.

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Description

Exceptional investment opportunity in the heart of York University Heights! This well-maintained oversized 8-bedroom, 4-bathroom home offers outstanding cash flow with a projected 6.25%+ cap rate, making it an ideal addition to any investment portfolio. Featuring 2-car parking and situated on a premium lot in one of Toronto's fastest-growing communities, this property is perfectly positioned to attract strong rental demand. Bright, spacious, and meticulously maintained throughout, the home includes 2 full kitchens and an excellent layout designed for maximum income potential. Enjoy a spectacular rooftop terrace, a beautifully landscaped backyard patio, and exceptional indoor and outdoor living spaces. Located just minutes from York University, subway transit, shopping, parks, and major highways, this is a rare opportunity to own a high-performing income property with strong long-term appreciation potential. Projected 6.25%+ cap rate with excellent cash flow. (id:66096)

Property Details

MLS®: W13840798
Property Type: Single Family
Zoning: Residential
Bedrooms: 8
Beds (above / below): 6 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 20 × 105 ft (2,100 sq ft)
Frontage: 20 ft
Storeys: 3
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes

Features

Appliances: Washer, Dishwasher, Dryer, Two stoves, Two Refrigerators
Foundation: Concrete
Exterior: Brick
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Toronto (York University Heights) listings, avg age

65d

Price / ft²

$466

List price

$1.05M

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 (York University Heights) has been listed for 38 days, which is 27 days fresher than the city average of 65. Act while there is still low competition.

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Listed by FOREST HILL REAL ESTATE INC. · JAY NUSBAUM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M3J)

This home lists at $1,049,000, about 13.9× the local median household income of $75,500.

Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 171% above the area median.

Median household income: $75,500
Population: 26,600
Median age: 36
Owner / renter: 48% / 52%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M3J)

$1,049,000· $466/ft²

For sale

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Full Cost Breakdown

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Down Payment7.62% · $79,900

Min 7.62%50%

Mortgage payment$5,373/mo

↳ CMHC premium ($38,764 capitalized)

Property tax (est.)$473/mo

Total monthly$5,846

Cash Needed to Close

Down payment (7.62%)$79,900

Land transfer tax$34,910

Est. closing costs$5,647

Total cash needed$120,457

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