$1,195,000

For sale

56 Gatesview Avenue, Toronto (Scarborough Village) - Single Family for Sale

56 Gatesview Avenue, Toronto (Scarborough Village), Ontario, M1J3G5

7 beds4 baths8 parking1,750 ft²71 × 200 ft (14,200 sq ft) lot sizeListed 57 days ago

Overview

This 7-bedroom, 4-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $1,195,000, it is attractively priced about 11% below the $1,349,000 median asking price in Toronto.

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Description

Welcome To A Truly Rare Opportunity! Nestled In A Quiet Neighborhood, This Spacious And Well-Maintained 5+2 Bedroom, 4 Bathroom Family Home Offers Approximately 3,414 Sq. Ft. Of Finished Living Space. Situated In A Highly Sought-After Pocket Just A Short Stroll From The Prestigious Scarborough Golf And Country Club, This Home Sits On An Impressive 71 X 200 Ft Premium Lot Where The Possibilities Are Endless. The Inviting Layout Effortlessly Blends Everyday Comfort With Functional Living, Highlighted By A Walk-Out Basement And A Separate Entrance Offering Immense Income Potential. This Home Is Ideal For Multi-Family Living, Growing Households, Or Investors Exploring Future Development. Step Outside To Your Sprawling, Ultra-Private Backyard Oasis Where Relaxation Meets Majestic Views. This Rarely Offered Gem Just Minutes To All Amenities, Including Transit, Shopping, Parks, Schools, And The Beautiful Shores Of Lake Ontario. Don't Miss The Chance To Own This Beautiful Home. (id:66096)

Property Details

MLS®: E13764188
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Parking: 8
Interior Size: 1,750 ft²
Lot Size: 71 × 200 ft (14,200 sq ft)
Frontage: 71 ft
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,690/yr
Listed: 57 days ago

Rooms

Main level

Living room: 4.25 x 4.15 meters
Dining room: 3.45 x 3 meters
Kitchen: 5.2 x 3 meters

Basement

Kitchen: 7.85 x 6.65 meters

Lower level

Bedroom: 7.85 x 3.45 meters
Bedroom: 3.25 x 3 meters
Recreational, Games room: 5.3 x 4.05 meters
Laundry room: 4.85 x 3 meters

Upper Level

Primary Bedroom

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan
Flooring: Hardwood, Laminate, Vinyl
Foundation: Block
Exterior: Brick
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

57d

Toronto (Scarborough Village) listings, avg age

49d

Price / ft²

$683

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 7-bed single family in Toronto (Scarborough Village) 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 SMART SOLD REALTY · TIM ZHU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1J)

This home lists at $1,195,000, about 15.6× the local median household income of $76,500.

Carrying it typically needs a household income of about $233,425 (20% down, 25-yr amortization, stress-tested) — roughly 205% above the area median.

Median household income: $76,500
Population: 37,002
Median age: 37.6
Owner / renter: 46% / 54%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M1J)

$1,195,000· $683/ft²

For sale

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Full Cost Breakdown

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Down Payment7.91% · $94,500.00

Min 7.91%50%

Mortgage payment$6,101/mo

↳ CMHC premium ($44,020 capitalized)

Property tax (est.)$391/mo

Total monthly$6,492

Cash Needed to Close

Down payment (7.91%)$94,500

Land transfer tax$40,750

Est. closing costs$6,085

Total cash needed$141,335

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