$1,120,000

For saleJust listed

6 McCowan Road, Toronto (Cliffcrest), Ontario, M1M3L8

7 bd7 ba4 pk3,250 ft²Lot size 37 × 131 ft (4,847 sq ft)

Listed by ROYAL LEPAGE IGNITE REALTY

138 Gradwell Drive, Toronto (Cliffcrest), Ontario, M1M2N2

For saleJust listed

2 days ago

$699K

138 Gradwell Drive, Toronto (Cliffcrest), Ontario, M1M2N2

2 bd2 ba3 pk1,300 ft²Lot size 35 × 137 ft (4,795 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

63 Eastville Avenue, Toronto (Cliffcrest), Ontario, M1M2N8

For saleJust listed

2 days ago

$2.40M

63 Eastville Avenue, Toronto (Cliffcrest), Ontario, M1M2N8

7 bd6 ba5 pk2,750 ft²Lot size 55 × 139 ft (7,645 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

48 Glenridge Road, Toronto (Cliffcrest), Ontario, M1M1A8

For saleJust listed

3 days ago

$799K

48 Glenridge Road, Toronto (Cliffcrest), Ontario, M1M1A8

5 bd2 ba5 pk1,300 ft²Lot size 50 × 125 ft (6,250 sq ft)

Listed by RE/MAX ROUGE RIVER REALTY LTD.

Investment analysis

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$1,120,000

Toronto

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52 Neilson Avenue, Toronto (Cliffcrest) - Single Family for Sale

52 Neilson Avenue, Toronto (Cliffcrest), Ontario, M1M2S4

4 beds2 baths3 parking900 ft²50 × 133 ft (6,650 sq ft) lot sizeListed Today

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $1,120,000, it is attractively priced about 9% below the $1,224,900 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 60 days.

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Description

Prime Bluffs Location A Rare Opportunity for Builders, Renovators & Investors! An exceptional opportunity awaits in the prestigious Cliffcrest community, one of Scarborough's most sought-after neighborhoods. This expansive 50 x 133 ft lot offers limitless potential, whether you choose to renovate and customize the existing home or build a brand-new luxury residence. With an approved building permit (22 156822 BLD 00 NH) in place for a stunning approx. 4,000 sq. ft. detached home, you can bring your vision to life without delay. Nestled in a vibrant, family-friendly community, this prime location is known for its charm, character, and convenience. Enjoy the best of both worlds with top-rated schools, scenic trails, parks, shopping, and public transit all within walking distance. A truly rare chance to create something extraordinary in the heart of the Bluffs! (id:66096)

Property Details

MLS®: E14158326
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 133 ft (6,650 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,773/yr
Listed: Today

Rooms

Ground level

Living room: 14.01 x 15.09 meters
Dining room: 14.01 x 15.09 meters
Kitchen: 21 x 7.91 meters
Bedroom 2: 10.99 x 8.1 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, Stove, Dryer
Flooring: Hardwood
Foundation: Unknown
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Cliffcrest) listings, avg age

60d

Price / ft²

$1,244

List price

$1.12M

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 4-bed single family in Toronto (Cliffcrest) has been listed for 0 days, which is 60 days fresher than the city average of 60. Act while there is still low competition.

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Listed by REALTY 21 INC. · MOHD PAPON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1M)

This home lists at $1,120,000, about 12.9× the local median household income of $87,000.

Carrying it typically needs a household income of about $218,775 (20% down, 25-yr amortization, stress-tested) — roughly 151% 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)

$1,120,000· $1,244/ft²

For sale

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Full Cost Breakdown

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Down Payment7.77% · $87,000

Min 7.77%50%

Mortgage payment$5,727/mo

↳ CMHC premium ($41,320 capitalized)

Property tax (est.)$398/mo

Total monthly$6,125

Cash Needed to Close

Down payment (7.77%)$87,000

Land transfer tax$37,750

Est. closing costs$5,860

Total cash needed$130,610

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