$1,650,000

For sale

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54 Southwell Drive, Toronto (Banbury-Don Mills) - Single Family for Sale

54 Southwell Drive, Toronto (Banbury-Don Mills), Ontario, M3B2N9

4 beds2 baths7 parking ft²

46 Cosmic Drive, Toronto (Banbury-Don Mills), Ontario, M3B3G2

5 bd4 ba8 pk3,250 ft²Lot size 69 × 120 ft (8,268 sq ft)

Listed by HOMELIFE LANDMARK REALTY INC.

24 Deepwood Crescent, Toronto (Banbury-Don Mills), Ontario, M3C1N8

For saleJust listed

Yesterday

$1.23M

24 Deepwood Crescent, Toronto (Banbury-Don Mills), Ontario, M3C1N8

3 bd2 ba3 pk1,300 ft²Lot size 62 × 118 ft (7,245 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

12 A Preakness Drive, Toronto (Banbury-Don Mills), Ontario, M3B3S1

For saleJust listed

2 days ago

$1.50M

12 A Preakness Drive, Toronto (Banbury-Don Mills), Ontario, M3B3S1

3 bd4 ba4 pk1,750 ft²Lot size 29 × 86 ft (2,471 sq ft)

Listed by BOSLEY REAL ESTATE LTD.

11 Hemford Crescent, Toronto (Banbury-Don Mills), Ontario, M3B2S4

For saleJust listed

2 days ago

$1.40M

11 Hemford Crescent, Toronto (Banbury-Don Mills), Ontario, M3B2S4

4 bd1 ba4 pk1,300 ft²Lot size 41 × 120 ft (4,872 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$1,650,000

Toronto

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70 × 123 ft (8,610 sq ft) lot size

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,650,000, it is attractively priced about 35% below the $2,549,000 median asking price in Toronto.

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Description

Rare 70' Lot In The Prestigious Banbury Neighbourhood! An Exceptional Opportunity To Build Your Dream Home On A Premium Wide Lot In One Of Toronto's Most Sought-After Communities. The Existing Bungalow Offers The Flexibility To Move In, Renovate, Rent Out, Or Build New. Surrounded By Beautiful Custom Homes In A Mature And Established Neighbourhood. The Location Is A "10" - Top-Ranked Schools, Shops, Edward Gardens, TTC, Hwy 401 & DVP Are All Just Minutes Away. A Rare Opportunity For Builders, Investors, Or End Users Looking To Create Their Dream Home In An Outstanding Location! (id:66096)

Property Details

MLS®: C13679156
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 7
Interior Size: 1,300 ft²
Lot Size: 70 × 123 ft (8,610 sq ft)
Frontage: 70 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $9,245/yr
Listed: 83 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Range, Oven, Dryer, Hood Fan, Window Coverings
Foundation: Brick
Exterior: Brick
Lot Features: Wooded area, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Toronto (Banbury-Don Mills) listings, avg age

49d

Price / ft²

$1,269

List price

$1.65M

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 (Banbury-Don Mills) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE NEW WORLD REALTY INC. · BOJUN WANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M3B)

This home lists at $1,650,000, about 13.6× the local median household income of $121,000.

Carrying it typically needs a household income of about $322,303 (20% down, 25-yr amortization, stress-tested) — roughly 166% above the area median.

Median household income: $121,000
Population: 12,880
Median age: 49.2
Owner / renter: 77% / 23%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M3B)

$1,650,000· $1,269/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $330,000

Min 20%50%

Mortgage payment$7,037/mo

Property tax (est.)$770/mo

Total monthly$7,807

Cash Needed to Close

Down payment (20%)$330,000

Land transfer tax$58,950

Est. closing costs$7,450

Total cash needed$396,400

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice