$1,399,000

For saleJust listed

47 King Edward Avenue, Toronto (Woodbine-Lumsden) - Single Family for Sale

47 King Edward Avenue, Toronto (Woodbine-Lumsden), Ontario, M4C5J5

3 beds2 baths1 parking1,750 ft²25 × 127 ft (3,163 sq ft) lot sizeListed 5 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 5 days, fresher than the Toronto average of 42 days.

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Description

0% Interest - 5 (FIVE) Years VTB $100,000.00 on approved credit. The VTB will Assist with the Down Payment or it Could be Used for Bringing Down the Monthly Carrying Costs. Location, Location, Location!! - Situated in the Desirable Gledhill School District. This Detached 3-Bedroom Home has a Private Drive on a Deep Lot, allowing for a Garden Suite. Main Floor Master Bedroom & 2nd Floor Master Bedroom Features a Walkout to Deck that Overlooks the Lovely Backyard. 2nd Floor Flex / Media Room with Kitchen, could be a 4th Bedroom. Main Floor (Renovated - 1 3-Pc Bath). 2nd Floor Laundry Facilities. Fully Refinished to The Studs. Wired & Interconnect Smoke & Carbon Monoxide Detectors throughout. Main Front & 2nd Floor Windows Replaced (2021), and Roof (2021). Main Floor Open Concept Kitchen & Living Room. Roughed in Laundry on Main Floor. Separate Entrance to Basement. New Stainless-Steel Appliances. Income Potential - Live on Main Floor or 2nd Floor and Rent the Other. Further Income Potential from Furnishing the Basement Level & Garden Suite. Close to: Danforth Restaurants, Coffee Shops, School, Banks, Medical Clinics, 10 Minutes to Subway. Ideal for Extended family or Young couple. Please speak with Listing Agent regarding Financial Opportunities. (id:66096)

Property Details

MLS®: E14133972
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,750 ft²
Lot Size: 25 × 127 ft (3,163 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,562/yr

Rooms

Main level

Living room: 6.49 x 2.9 meters
Bedroom 3: 3.81 x 4.32 meters

Second level

Bedroom: 3.05 x 2.74 meters
Media: 4.57 x 3.96 meters
Living room: 4.79 x 3.04 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, Water Heater
Flooring: Hardwood, Laminate
Foundation: Concrete
Exterior: Brick, Vinyl siding

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

Toronto (Woodbine-Lumsden) listings, avg age

42d

Price / ft²

$799

List price

$1.40M

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 (Woodbine-Lumsden) has been listed for 5 days, which is 37 days fresher than the city average of 42. Act while there is still low competition.

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Listed by CENTURY 21 PARKLAND LTD. · SAEED PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $1,399,000, about 16.9× the local median household income of $83,000.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 229% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$1,399,000· $799/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,900.00

Min 8.21%50%

Mortgage payment$7,119/mo

↳ CMHC premium ($51,364 capitalized)

Property tax (est.)$380/mo

Total monthly$7,499

Cash Needed to Close

Down payment (8.21%)$114,900

Land transfer tax$48,910

Est. closing costs$6,697

Total cash needed$170,507

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