$929,900

For saleJust listed

40 Tealham Drive, Toronto (West Humber-Clairville) - Single Family for Sale

40 Tealham Drive, Toronto (West Humber-Clairville), Ontario, M9V3T6

5 beds2 baths3 parking1,300 ft²45 × 123 ft (5,517 sq ft) lot sizeListed 5 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Its $929,900 asking price sits right in line with the $949,000 median in Toronto. It has been on the market 5 days, fresher than the Toronto average of 60 days.

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Description

Spacious Move-In-Ready Bungalow with Income Potential!Discover this spacious, move-in-ready bungalow featuring a beautifully updated modern kitchen, porcelain tile flooring, and appliances. Enjoy generously sized bedrooms, well-maintained floors, bright pot lights, and oversized windows that fill the home with natural light.The fully finished basement offers excellent investment potential, featuring a large living area and two additional bedrooms. Basement has a separate side entrance. The existing bar area offers the potential to be converted into a kitchen, subject to applicable approvals.Conveniently located just minutes from Humber College, this home is close to parks, public transit, shopping, and dining, with easy access to major highways for a convenient commute.Perfect for homeowners, investors, or multi-generational families looking for space, comfort, and income potential! (id:66096)

Property Details

MLS®: W14133200
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 45 × 123 ft (5,517 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Raised bungalow
Basement: Separate entrance, N/A
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,874.92/yr

Rooms

Main level

Living room: 6.5 x 5.1 meters
Kitchen: 4.8 x 3.1 meters
Primary Bedroom: 4.3 x 4.1 meters
Bedroom 2: 3.9 x 3.8 meters
Bedroom 3: 3.7 x 3.6 meters

Second level

Dining room: 6.5 x 5.1 meters

Lower level

Bedroom 4: 4.1 x 4.3 meters
Bedroom 5: 4 x 4.3 meters
Living room: 7.9 x 8.1 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Window Coverings, Garage door opener remote(s)
Flooring: Laminate, Porcelain Tile
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (West Humber-Clairville) listings, avg age

60d

Price / ft²

$715

List price

$930K

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 (West Humber-Clairville) has been listed for 5 days, which is 55 days fresher than the city average of 60. Act while there is still low competition.

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Listed by HOMELIFE/MIRACLE REALTY LTD · SATISH PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9V)

This home lists at $929,900, about 11.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $181,642 (20% down, 25-yr amortization, stress-tested) — roughly 122% above the area median.

Median household income: $82,000
Population: 53,878
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M9V)

$929,900· $715/ft²

For sale

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Full Cost Breakdown

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Down Payment7.31% · $67,990

Min 7.31%50%

Mortgage payment$4,779/mo

↳ CMHC premium ($34,476 capitalized)

Property tax (est.)$323/mo

Total monthly$5,101

Cash Needed to Close

Down payment (7.31%)$67,990

Land transfer tax$30,146

Est. closing costs$5,290

Total cash needed$103,426

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