$1,198,000

For sale

53 Savona Drive, Toronto (Alderwood) - Single Family for Sale

53 Savona Drive, Toronto (Alderwood), Ontario, M8W4V2

3 beds2 baths4 parking900 ft²40 × 124 ft (4,972 sq ft) lot sizeListed 30 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Its $1,198,000 asking price sits right in line with the $1,150,000 median in Toronto. It has been on the market 30 days, fresher than the Toronto average of 45 days.

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Description

Welcome to 53 Savona Drive! This inviting bungalow offers generous living spaces and a flexible layout. Originally a three-bedroom home, it has been converted to two bedrooms to create an exceptionally spacious primary bedroom with a walkout to the backyard deck, with the option to restore the original three-bedroom layout. The large, open kitchen offers plenty of room for cooking and gathering, while the cozy living and dining area features a gas fireplace for a warm, welcoming atmosphere. A finished lower level with a second kitchen provides additional living space and versatility. Outside, enjoy a beautiful backyard with a spacious deck and fire pit-perfect for summer entertaining or relaxing evenings outdoors. A private driveway completes this charming home. (id:66096)

Property Details

MLS®: W13869962
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 900 ft²
Lot Size: 40 × 124 ft (4,972 sq ft)
Frontage: 40 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: 6.71 x 3.05 meters
Living room: 5.79 x 3.66 meters
Dining room: 5.79 x 3.66 meters
Primary Bedroom: 7.32 x 3.2 meters
Bedroom 2: 3.51 x 2.84 meters

Lower level

Other: 3.18 x 1.52 meters
Kitchen: 3.81 x 1.83 meters
Living room: 4.57 x 4.37 meters
Dining room: 4.57 x 4.37 meters
Bedroom: 5.74 x 3.71 meters

Features

Appliances: Washer, Refrigerator, Gas stove(s), Dishwasher, Dryer, Hood Fan, Storage Shed, Window Coverings, Water Heater
Flooring: Hardwood, Laminate
Foundation: Block
Exterior: Brick

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

30d

Toronto (Alderwood) listings, avg age

45d

Price / ft²

$1,331

List price

$1.20M

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 (Alderwood) has been listed for 30 days, which is 15 days fresher than the city average of 45. Act while there is still low competition.

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Listed by SUTTON GROUP OLD MILL REALTY INC. · LOIC DANIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8W)

This home lists at $1,198,000, about 12.6× the local median household income of $95,000.

Carrying it typically needs a household income of about $234,011 (20% down, 25-yr amortization, stress-tested) — roughly 146% above the area median.

Median household income: $95,000
Population: 22,381
Median age: 41.6
Owner / renter: 65% / 36%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M8W)

$1,198,000· $1,331/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.91% · $94,800

Min 7.91%50%

Mortgage payment$6,116/mo

↳ CMHC premium ($44,128 capitalized)

Property tax (est.)$394/mo

Total monthly$6,510

Cash Needed to Close

Down payment (7.91%)$94,800

Land transfer tax$40,870

Est. closing costs$6,094

Total cash needed$141,764

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