$949,900

$975,000For salePrice drop↓ $25,100 (3%)

62 Edilou Drive, Toronto (Alderwood) - Single Family for Sale

62 Edilou Drive, Toronto (Alderwood), Ontario, M8W4B3

4 beds3 baths4 parking1,300 ft²29 × 110 ft (3,190 sq ft) lot sizeListed 23 days ago

Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $949,900, it is attractively priced about 17% below the $1,150,000 median asking price in Toronto. It has been on the market 23 days, fresher than the Toronto average of 43 days.

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Description

Welcome to 62 Edilou Drive, ideally situated on a quiet cul-de-sac in the highly sought-after Alderwood community. This bright and inviting home offers 3+1 bedrooms, 2.5 bathrooms and a spacious eat-in kitchen featuring a pantry and walkout to the deck. A separate side entrance leads to an impressive finished lower level, complete with a 4th bedroom, recreation room and3-piece bathroom-ideal for extended family, entertaining or potential rental income. Set on a generous lot with an impressive 45' rear width, the home offers charming curb appeal, driveway parking for up to 4 cars and plenty of outdoor space for family enjoyment. Enjoy the best of Alderwood living with nearby schools, parks, Long Branch GO Station and the Ford Centre, plus exceptional access to the Gardiner Expressway, QEW and Highway 427. A wonderful opportunity to live in one of Etobicoke's most desirable family-friendly communities. (id:66096)

Property Details

MLS®: W14013922
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 29 × 110 ft (3,190 sq ft)
Frontage: 29 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,342.98/yr

Rooms

Main level

Living room: 4.42 x 3.65 meters
Dining room: 2.9 x 2.48 meters
Kitchen: 3.73 x 2.24 meters
Eating area: 3.35 x 3.04 meters

Second level

Primary Bedroom: 5.1 x 4.22 meters
Bedroom 2: 4.48 x 2.84 meters
Bedroom 3: 3.32 x 2.82 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Window Coverings
Flooring: Laminate, Ceramic
Foundation: Block
Exterior: Brick, Aluminum siding
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

23d

Toronto (Alderwood) listings, avg age

43d

Price / ft²

$731

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 (Alderwood) has been listed for 23 days, which is 20 days fresher than the city average of 43. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · ANDREW R. WILLIAMS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8W)

This home lists at $949,900, about 10.0× the local median household income of $95,000.

Carrying it typically needs a household income of about $185,549 (20% down, 25-yr amortization, stress-tested) — roughly 95% 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)

$949,900· $731/ft²

For sale

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Full Cost Breakdown

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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.)$362/mo

Total monthly$5,240

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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