$799,000

For saleJust listed

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45 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

45 Markham Road, Toronto (Scarborough Village), Ontario, M1M2Z6

4 beds2 baths parking

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Listed by RE/MAX PREMIER INC.

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49 Greendowns Drive, Toronto (Scarborough Village), Ontario, M1M2G6

For sale

15 days ago

$1.35M

49 Greendowns Drive, Toronto (Scarborough Village), Ontario, M1M2G6

5 bd5 ba6 pk2,250 ft²Lot size 45 × 113 ft (5,074 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$799,000

Toronto

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Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $799,000, it is attractively priced about 39% below the $1,299,900 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 48 days.

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Description

Great project home or build new! Solid 3 bedroom bungalow with a 1 car garage on a 62 x 140 lot. Located in Scarborough Village, enjoy the ability to walk, run or cycle to the scenic Scarborough Bluffs and Lake Ontario, with an abundance of parks, trails and waterfront recreation nearby. Convenient access to Kingston Road, local shopping, restaurants, schools, community amenities and public transit, with nearby GO and TTC connections providing easy access to downtown Toronto. (id:66096)

Property Details

MLS®: E14157586
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 62 × 140 ft (8,680 sq ft)
Frontage: 62 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $5,148.66/yr
Listed: Today

Rooms

Main level

Foyer: 1.3 x 1.8 meters
Living room: 5.3 x 3.4 meters
Kitchen: 4.1 x 2.75 meters
Dining room: 3.3 x 3.3 meters
Primary Bedroom: 4.6 x 3.5 meters
Bedroom 2: 4.1 x 3.05 meters
Bedroom 3: 3.5 x 3.5 meters

Lower level

Recreational, Games room: 3.1 x 8.6 meters
Bedroom: 4.2 x 5.1 meters
Kitchen: 7.1 x 4.11 meters
Bathroom: 2.3 x 1.6 meters
Furnace: 4.3 x 3.7 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 (Scarborough Village) listings, avg age

48d

Price / ft²

$615

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.

Area context

Neighbourhood profile (M1M)

This home lists at $799,000, about 9.2× the local median household income of $87,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 79% above the area median.

Median household income: $87,000
Population: 23,258
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1M)

$799,000· $615/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.)$429/mo

Total monthly$4,554

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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45 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

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Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1M)

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Full Cost Breakdown