$780,000

For sale

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62 North Edgely Avenue, Toronto (Clairlea-Birchmount) - Multi-family for Sale

62 North Edgely Avenue, Toronto (Clairlea-Birchmount), Ontario, M1K1T7

5 beds3 baths3 parking ft²

40 Jeavons Avenue, Toronto (Clairlea-Birchmount), Ontario, M1K1S8

3 bd2 ba3 pk1,300 ft²Lot size 60 × 105 ft (6,300 sq ft)

Listed by RE/MAX PRIME PROPERTIES - UNIQUE GROUP

Investment analysis

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$780,000

Toronto

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Description

Great prime location in Scarborough. Solid two story brick house. Well maintained kept house. There is extensive, mind blowing renovation from top to bottom with hardwood floor and porcelain tiles. The beautiful two-story semi-detached duplex house. Three full washrooms, main floor laundry. Nice car parking and lovely private backyard. Close to the school, parks and shopping centre, library, sub station and much more. There is playground beside the house. Close to the mosque and Asian grocery. (id:66096)

Property Details

MLS®: E13743402
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 20 × 140 ft (2,800 sq ft)
Frontage: 20 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: Attached Garage, Garage
Property Tax: $3,619.61/yr
Listed: 62 days ago

Rooms

Ground level

Living room: 4.57 x 3.05 meters
Dining room: 3.35 x 3.35 meters
Kitchen: 4.48 x 2.8 meters

Second level

Primary Bedroom: 4.42 x 3.3 meters
Bedroom 2: 4.4 x 2.77 meters
Bedroom 3: 4.4 x 2.75 meters

Basement

Bedroom 4: 4.24 x 4.24 meters
Kitchen

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

Features

Appliances: Washer, Water meter, Dishwasher, Dryer, Two stoves, Two Refrigerators
Flooring: Tile, Hardwood, Ceramic
Foundation: Concrete, Brick
Exterior: Brick, Brick Facing
Lot Features: Carpet Free

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

62d

Toronto (Clairlea-Birchmount) listings, avg age

40d

Price / ft²

$600

List price

$780K

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.

Area context

Neighbourhood profile (M1K)

This home lists at $780,000, about 10.8× the local median household income of $72,500.

Carrying it typically needs a household income of about $152,361 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$780,000· $600/ft²

For sale

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Full Cost Breakdown

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Down Payment6.79% · $53,000.00

Min 6.79%50%

Mortgage payment$4,031/mo

↳ CMHC premium ($29,080 capitalized)

Property tax (est.)$302/mo

Total monthly$4,332

Cash Needed to Close

Down payment (6.79%)$53,000

Land transfer tax$24,150

Est. closing costs$4,840

Total cash needed$81,990

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62 North Edgely Avenue, Toronto (Clairlea-Birchmount) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1K)

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Full Cost Breakdown