$899,000

For sale

44 Mitchell Avenue, Toronto (Niagara) - Single Family for Sale

44 Mitchell Avenue, Toronto (Niagara), Ontario, M6J1B9

2 beds1 bath0 parking900 ft²21 × 91 ft (1,866 sq ft) lot sizeListed 40 days ago

Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $899,000, it is attractively priced about 25% below the $1,199,000 median asking price in Toronto. It has been on the market 40 days, fresher than the Toronto average of 49 days.

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Description

Fantastic opportunity to purchase 44 Mitchell Avenue a great condo alternative wuth a large yard and so much potential in one of Toronto's most sought-after neighbourhoods. This charming south-facing, 2-bedroom semi-detached bungalow features a bright interior and a beautiful deep backyard, making it an excellent investment, rental property, or place to call home while exploring future possibilities. Ideally situated on a quiet street between the vibrant communities of Queen West and King West, you're just steps to Trinity Bellwoods Park, some of the city's best restaurants, cafes, bars, galleries, boutiques, and theatres, with easy access to transit and the downtown core. A rare opportunity for homeowners, investors, builders, and developers alike. (id:66096)

Property Details

MLS®: C13830834
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Lot Size: 21 × 91 ft (1,866 sq ft)
Frontage: 21 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 4.61 x 2.87 meters
Laundry room: 1.74 x 1.67 meters
Primary Bedroom: 3.48 x 2.57 meters
Bedroom 2: 2.84 x 2.57 meters
Living room: 6.59 x 3.21 meters

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

Features

Flooring: Hardwood
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Toronto (Niagara) listings, avg age

49d

Price / ft²

$999

List price

$899K

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 2-bed single family in Toronto (Niagara) has been listed for 40 days, which is 9 days fresher than the city average of 49. Act while there is still low competition.

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Listed by ROYAL LEPAGE ESTATE REALTY · ASHA FORRESTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6J)

This home lists at $899,000, about 10.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$899,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$517/mo

Total monthly$5,141

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$28,910

Est. closing costs$5,197

Total cash needed$99,007

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