$799,000

For sale

429 Gilbert Avenue, Toronto (Caledonia-Fairbank) - Single Family for Sale

429 Gilbert Avenue, Toronto (Caledonia-Fairbank), Ontario, M6E4X2

3 beds2 baths2 parking900 ft²25 × 142 ft (3,550 sq ft) lot sizeListed 8 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $799,000, it is attractively priced about 10% below the $888,900 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 51 days.

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Description

An Incredible Opportunity on a Generous 25 x 142 Ft Lot in a Family-Friendly Toronto Neighbourhood! This beautifully updated, fully detached home offers the perfect combination of modern living, income potential and exciting future development possibilities! See report highlighting the potential for a 2-storey garden suite of up to 1,291 sq. ft., conversion of the existing home into multiple units, or a new multiplex development with potential for up to 6 units. Whether you're looking to live in, rent out, expand or build, the possibilities are impressive! Step inside to a bright, open-concept layout featuring modern finishes and a functional design with virtually no wasted space. A main-floor laundry hookup adds even more flexibility. Let's not forget the finished basement featuring a separate entrance, additional bedroom, kitchen, living space, bathroom and its own laundry. Outside, enjoy an expansive backyard with plenty of room for entertaining, summer BBQs, gardening, family activities or exploring future development opportunities. Covered carport parking adds everyday convenience. Located on a quiet, family-friendly street just steps to the Eglinton LRT, Bert Robinson Park, schools, shopping and amenities. A rare opportunity to enjoy a move-in-ready detached home today while exploring the potential of this impressive lot for tomorrow! Report available for review, Buyers to conduct their own due diligence. (id:66096)

Property Details

MLS®: W14122536
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 25 × 142 ft (3,550 sq ft)
Frontage: 25 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport
Ownership: Freehold
Property Tax: $4,193/yr

Rooms

Main level

Living room: 5.94 x 2.87 meters
Kitchen: 3.15 x 2.9 meters
Primary Bedroom: 3.66 x 2.87 meters
Bedroom 2: 3.66 x 2.9 meters

Basement

Kitchen: 5.51 x 4.45 meters
Bedroom: 5 x 2.67 meters
Furnace: 2.64 x 1.55 meters
Cold room: 5.41 x 1.85 meters
Laundry room: 3.96 x 2.82 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, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Unknown
Exterior: Steel, Stone

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Caledonia-Fairbank) listings, avg age

51d

Price / ft²

$888

List price

$799K

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 (Caledonia-Fairbank) has been listed for 8 days, which is 43 days fresher than the city average of 51. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · MATTHEW VALADAO FERNANDES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $799,000, about 9.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 90% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$799,000· $888/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$349/mo

Total monthly$4,475

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$24,910

Est. closing costs$4,897

Total cash needed$84,707

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