$849,000

$899,000For salePrice drop↓ $50,000 (6%)

59 Redwater Drive, Toronto (Rexdale-Kipling) - Single Family for Sale

59 Redwater Drive, Toronto (Rexdale-Kipling), Ontario, M9W1Z5

5 beds2 baths3 parking900 ft²45 × 112 ft (5,040 sq ft) lot sizeListed 47 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $849,000, it is attractively priced about 6% below the $900,000 median asking price in Toronto. It has been on the market 47 days, fresher than the Toronto average of 59 days.

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Description

Exceptional opportunity in prime Rexdale-Kipling with outstanding income potential! This detached raised bungalow sits on a premium 45 ft frontage by 112 ft depth lot, offering unmatched versatility for multi-generational families and savvy investors. It's designed to bring in a lot of natural light. The functional 3+2 bedroom layout features a common split-entry foyer with a private basement access, 2 full washrooms, shared laundry, and 2 full kitchens-including a bright main-floor kitchen with a large skylight flooding the space with natural light. Enjoy an expansive, custom full-width sunroom extending your living space, plus a bonus basement sauna. Park up to 6 vehicles with ease, thanks to the 1-car garage and extra long 5-car driveway. Unbeatable location: minutes away from Costco, Humber College, Pearson Airport, North GO, TTC, and Hwy 401/427! (id:66096)

Property Details

MLS®: W13806310
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 45 × 112 ft (5,040 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Living room: 4 x 3.6 meters
Dining room: 3.12 x 2.95 meters
Kitchen: 3.2 x 2.86 meters
Primary Bedroom: 4.1 x 2.59 meters
Bedroom 2: 3.64 x 2.85 meters
Bedroom 3: 3.04 x 2.97 meters
Sunroom: 2.5 x 1 meters

Ground level

Solarium: 6.46 x 3.6 meters

Basement

Recreational, Games room: 6.4 x 4.84 meters

Features

Appliances: Washer, Sauna, Oven, Dryer, Microwave, Two stoves, Window Coverings, Garage door opener, Garage door opener remote(s), Water Heater, Two Refrigerators
Flooring: Tile, Carpeted, Vinyl
Foundation: Concrete, Poured Concrete
Exterior: Brick
Lot Features: Sump Pump, In-Law Suite, Sauna

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

47d

Toronto (Rexdale-Kipling) listings, avg age

59d

Price / ft²

$943

List price

$849K

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 5-bed single family in Toronto (Rexdale-Kipling) has been listed for 47 days, which is 12 days fresher than the city average of 59. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · MOHEB YOUSEF

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9W)

This home lists at $849,000, about 10.0× the local median household income of $85,000.

Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $85,000
Population: 40,977
Median age: 38.8
Owner / renter: 58% / 42%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M9W)

$849,000· $943/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,900.00

Min 7.06%50%

Mortgage payment$4,375/mo

↳ CMHC premium ($31,564 capitalized)

Property tax (est.)$322/mo

Total monthly$4,697

Cash Needed to Close

Down payment (7.06%)$59,900

Land transfer tax$26,910

Est. closing costs$5,047

Total cash needed$91,857

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