$899,000

For sale

64 Laurel Avenue, Toronto (Kennedy Park) - Single Family for Sale

64 Laurel Avenue, Toronto (Kennedy Park), Ontario, M1K3J6

5 beds2 baths2 parking900 ft²30 × 104 ft (3,133 sq ft) lot sizeListed 49 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Its $899,000 asking price sits right in line with the $939,900 median in Toronto. It has been on the market 49 days, fresher than the Toronto average of 52 days.

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Description

ABSOLUTELY GORGEOUS 3-BEDROOM DETACHED BUNGALOW + SEPARATE ENTRANCE FINISHED BASEMENT APARTMENT. Nestled on a quiet street, this stunning bungalow showcases extensive upgrades with a brand-new, fully renovated interior and exterior. The home greets you with a professionally designed interlock driveway, a welcoming porch, and a beautifully landscaped backyard.The property features two fully equipped kitchensone on the main level with three spacious bedrooms, and another in the 2-bedroom, 1-bath + spacious living/dining basement apartment. The separate entrance to the basement makes it perfect for extended family living or rental income generation.Every detail has been meticulously upgraded, providing a modern and fresh feel throughout. Conveniently located just steps from TTC, shopping centers, schools, and medical facilities, this home is both a remarkable opportunity for homeowners and an exceptional cash-flow investment for savvy investors. This home is perfect for first-time buyers a remarkable, rarely found gem! (id:66096)

Property Details

MLS®: E13800160
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 30 × 104 ft (3,133 sq ft)
Frontage: 30 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,481.09/yr

Features

Foundation: Block, Concrete
Exterior: Brick
Lot Features: Carpet Free, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Kennedy Park) listings, avg age

52d

Price / ft²

$999

List price

$899K

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 (Kennedy Park) has been listed for 49 days, which is 3 days fresher than the city average of 52. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · JESSICA YU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $899,000, about 12.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 142% 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)

$899,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$373/mo

Total monthly$4,998

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$28,910

Est. closing costs$5,197

Total cash needed$99,007

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