$719,900

For sale

5 Laxis Avenue, Toronto (Mount Dennis) - Single Family for Sale

5 Laxis Avenue, Toronto (Mount Dennis), Ontario, M6M2K6

2 beds1 bath3 parking900 ft²50 × 75 ft (3,735 sq ft) lot sizeListed 16 days ago

Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $719,900, it is attractively priced about 15% below the $849,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 61 days.

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Description

Turn-key and full of potential, this bright, move-in-ready home sits on a rare wide-frontage lot tucked away on a quiet street in one of Toronto's most connected and up-and-coming neighbourhoods. The open-concept main floor offers spacious living spaces, updated vinyl flooring, a fireplace, and a kitchen with a walkout to the backyard. Newer major mechanical upgrades provide peace of mind, while the large full-sized basement with a separate walk-up entrance and kitchen rough-in opens the door to potential rental income or multi-generational living. An expansive private driveway accommodates ample parking. Ideally situated within walking distance to the Mount Dennis LRT and GO/UP Express stations, offering exceptional transit connectivity with multiple TTC bus routes nearby. This prime location is just minutes from parks, schools, shopping, and a wide range of amenities, making it an ideal choice for both families and commuters. Preliminary Multiplex & Garden Suite Report Available. (id:66096)

Property Details

MLS®: W14101278
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 75 ft (3,735 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 3.42 x 2.76 meters
Living room: 3.61 x 3.36 meters
Dining room: 3.2 x 2.56 meters
Primary Bedroom: 2.9 x 2.6 meters
Bedroom 2: 2.94 x 2.8 meters

Basement

Recreational, Games room
Laundry room

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Window Coverings
Flooring: Tile, Vinyl
Foundation: Block
Exterior: Brick
Lot Features: Irregular lot size, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Mount Dennis) listings, avg age

61d

Price / ft²

$800

List price

$720K

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 (Mount Dennis) has been listed for 16 days, which is 45 days fresher than the city average of 61. Act while there is still low competition.

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Listed by EXP REALTY · JERRY MCHADY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6M)

This home lists at $719,900, about 10.1× the local median household income of $71,500.

Carrying it typically needs a household income of about $140,622 (20% down, 25-yr amortization, stress-tested) — roughly 97% above the area median.

Median household income: $71,500
Population: 42,148
Median age: 40
Owner / renter: 46% / 54%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M6M)

$719,900· $800/ft²

For sale

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Full Cost Breakdown

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Down Payment6.53% · $46,990

Min 6.53%50%

Mortgage payment$3,731/mo

↳ CMHC premium ($26,916 capitalized)

Property tax (est.)$249/mo

Total monthly$3,979

Cash Needed to Close

Down payment (6.53%)$46,990

Land transfer tax$21,746

Est. closing costs$4,660

Total cash needed$73,396

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