$1,398,000

For sale

487 Hounslow Avenue, Toronto (Willowdale West) - Single Family for Sale

487 Hounslow Avenue, Toronto (Willowdale West), Ontario, M2R1J1

5 beds2 baths3 parking1,300 ft²50 × 132 ft (6,608 sq ft) lot sizeListed 27 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,398,000, it is attractively priced about 24% below the $1,850,000 median asking price in Toronto. It has been on the market 27 days, fresher than the Toronto average of 74 days.

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Description

Nestled on the highly sought-after Hounslow Avenue, south of Finch, in a desirable neighbourhood surrounded by impressive newer custom-built residences, this charming detached bungalow presents an exceptional opportunity for homeowners, investors, and those looking to create their dream home in a prime North York location.The main level offers a warm and inviting atmosphere with timeless character, featuring three generously proportioned bedrooms and comfortable living spaces ready to be enjoyed as is or thoughtfully reimagined to suit modern tastes.A standout feature is the newly finished lower level, thoughtfully designed with two bedrooms, a modern bathroom, a kitchen, and a spacious open-concept living and dining area, offering remarkable flexibility for extended family or multigenerational living.Situated in an established neighbourhood experiencing an exciting transformation with luxurious custom homes, this property offers tremendous potential for future enhancement. Conveniently located within close proximity to TTC transit, major transportation routes, shopping, schools, parks, and everyday amenities. (id:66096)

Property Details

MLS®: C13880104
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 50 × 132 ft (6,608 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $7,527.32/yr

Rooms

Flat

Family room: 3.35 x 3.05 meters
Dining room: 3.66 x 4.27 meters
Kitchen: 3.35 x 2.44 meters
Bedroom: 2.9 x 2.59 meters
Bedroom 2: 2.9 x 4.11 meters
Bedroom 3: 3.05 x 3.96 meters

Basement

Living room: 3.05 x 3.96 meters
Dining room: 3.05 x 3.96 meters
Bedroom: 6.1 x 3.35 meters
Bedroom 2: 2.59 x 3.2 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
Flooring: Hardwood, Laminate, Vinyl
Foundation: Concrete
Exterior: Brick, Stone

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Willowdale West) listings, avg age

74d

Price / ft²

$1,075

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 5-bed single family in Toronto (Willowdale West) has been listed for 27 days, which is 47 days fresher than the city average of 74. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · SERGIO KHADEM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2R)

This home lists at $1,398,000, about 17.9× the local median household income of $78,000.

Carrying it typically needs a household income of about $273,078 (20% down, 25-yr amortization, stress-tested) — roughly 250% above the area median.

Median household income: $78,000
Population: 40,581
Median age: 44.4
Owner / renter: 44% / 56%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M2R)

$1,398,000· $1,075/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,800

Min 8.21%50%

Mortgage payment$7,114/mo

↳ CMHC premium ($51,328 capitalized)

Property tax (est.)$627/mo

Total monthly$7,742

Cash Needed to Close

Down payment (8.21%)$114,800

Land transfer tax$48,870

Est. closing costs$6,694

Total cash needed$170,364

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