$949,900

For sale

54 PETIOLE Road, Toronto - Single Family for Sale

54 PETIOLE Road, Toronto, Ontario, M3N2B4

4 beds2 baths3 parking1,700 ft²Listed 10 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,700 sq ft of space. Listed at $949,900, it is attractively priced about 32% below the $1,398,800 median asking price in Toronto. It has been on the market 10 days, fresher than the Toronto average of 58 days.

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Description

Great opportunity to own a semi-detached raised bungalow in the Glenfield-Jane Heights neighbourhood of Toronto! This home features 3 bedrooms on the main floor, a combined living and dining area with hardwood flooring and a walkout to the balcony, and a bright kitchen with glossy tile flooring. The basement offers a separate 1 bedroom apartment with it's own private entrance, providing excellent potential for for extended family living or additional rental income. An excellent opportunity for families, first time buyers, and investors alike. Don't miss out on this fantastic opportunity!Hardwood floors throughout, crown moulding in the whole house, plus a beautiful den. High-efficiency furnace (2020) and Rinai Water Heater (2020 rental: $60.31/month). (id:66096)

Property Details

MLS®: 40874154
Property Type: Single Family
Zoning: RM(f18;a665;u2)
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,700 ft²
Frontage: 30 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax: $3,614.04/yr
Listed

Rooms

Basement

3pc Bathroom: 9'0'' x 5'0''
Other: 11'3'' x 22'6''
Bedroom: 10'8'' x 11'9''
Kitchen: 12'2'' x 15'9''
Recreation room: 12'2'' x 20'3''

Main level

3pc Bathroom: 10'0'' x 5'0''
Bedroom: 8'9'' x 9'8''
Bedroom: 9'3'' x 12'4''
Primary Bedroom: 10'5'' x 13'7''
Kitchen: 12'1'' x 15'9''

Features

Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto listings, avg age

58d

Price / ft²

$559

List price

$950K

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 has been listed for 10 days, which is 48 days fresher than the city average of 58. Act while there is still low competition.

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Listed by Century 21 Heritage Group Ltd. · Phuong Le

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M3N)

This home lists at $949,900, about 14.3× the local median household income of $66,500.

Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 179% above the area median.

Median household income: $66,500
Population: 40,846
Median age: 38
Owner / renter: 37% / 63%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA M3N)

$949,900· $559/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.37% · $69,990

Min 7.37%50%

Mortgage payment$4,878/mo

↳ CMHC premium ($35,196 capitalized)

Property tax (est.)$301/mo

Total monthly$5,180

Cash Needed to Close

Down payment (7.37%)$69,990

Land transfer tax$30,946

Est. closing costs$5,350

Total cash needed$106,286

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