$1,250,000

For sale

62 Newmarket Avenue, Toronto (Woodbine-Lumsden) - Single Family for Sale

62 Newmarket Avenue, Toronto (Woodbine-Lumsden), Ontario, M4C1V9

5 beds3 baths0 parking1,750 ft²25 × 100 ft (2,450 sq ft) lot sizeListed 22 days ago

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 22 days, fresher than the Toronto average of 43 days.

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Description

Welcome to 62 Newmarket Avenue, a beautifully updated two-story detached home in the heart of East York's sought-after Woodbine-Lumsden/Danforth Village neighbourhood. This move-in-ready residence combines modern renovations and a fully finished two-bedroom basement apartment. Pride of ownership is evident throughout this extensively upgraded property. Updates include electrical (200amp), plumbing, insulation, mechanical systems, and living spaces, delivering peace of mind and lower utility costs. The main portion of the home offers bright, spacious living areas, an updated kitchen and bath, and a living/dining area ideal for family living or entertaining. The basement has been fully renovated and transformed into a two-bedroom suite with a separate entrance. Upgrades include quartz kitchen countertops, a laundry room, stainless steel appliances, updated ductwork, and flooring. The prime East York location is steps to the TTC, GO, Danforth Ave, shops, restaurants, and more. This opportunity combines an updated and renovated family home in one of Toronto's most livable neighbourhoods. A beautiful turnkey property! (id:66096)

Property Details

MLS®: E14080882
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 25 × 100 ft (2,450 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,895.44/yr

Rooms

Main level

Living room: 3.52 x 3.69 meters
Dining room: 3.52 x 3 meters
Kitchen: 5.27 x 3.2 meters

Basement

Laundry room: 1.86 x 1.68 meters
Bedroom: 3.32 x 3.27 meters
Bedroom 2: 2.64 x 3.1 meters
Kitchen: 3.22 x 3.11 meters
Living room: 3.32 x 2.61 meters

Second level

Bedroom: 3.6 x 4.43 meters

Features

Appliances: All, Washer, Dishwasher, Dryer, Microwave, Two stoves, Window Coverings, Water Heater - Tankless, Two Refrigerators
Flooring: Laminate
Foundation: Concrete
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Woodbine-Lumsden) listings, avg age

43d

Price / ft²

$714

List price

$1.25M

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 (Woodbine-Lumsden) has been listed for 22 days, which is 21 days fresher than the city average of 43. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · CHRIS OLIVER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $1,250,000, about 15.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 194% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$1,250,000· $714/ft²

For sale

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Full Cost Breakdown

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Down Payment8% · $100,000

Min 8%50%

Mortgage payment$6,376/mo

↳ CMHC premium ($46,000 capitalized)

Property tax (est.)$408/mo

Total monthly$6,784

Cash Needed to Close

Down payment (8%)$100,000

Land transfer tax$42,950

Est. closing costs$6,250

Total cash needed$149,200

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