$1,149,000

For sale

7 Ashbourne Drive, Toronto (Islington-City Centre West) - Single Family for Sale

7 Ashbourne Drive, Toronto (Islington-City Centre West), Ontario, M9B4H1

3 beds1 bath3 parking1,300 ft²51 × 162 ft (8,166 sq ft) lot sizeListed 51 days ago

Overview

This 3-bedroom, 1-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,149,000, it is attractively priced about 23% below the $1,499,900 median asking price in Toronto. It has been on the market 51 days, fresher than the Toronto average of 56 days.

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Description

Rare Builder And Investor Opportunity In The Heart Of Highly Sought-After Islington-City Centre West. Set On An Expansive 50.52 X 161.65 Ft Lot, This Premium Property Offers Exceptional Severance And Redevelopment Potential, With The Opportunity To Explore Two Luxury Custom Detached Residences, Subject To Municipal Approvals. With Evolving Provincial And Municipal Policies Supporting Increased Density, The Property Offers Multiple Possibilities To Explore Severance, Multi-Unit Development Or The Creation Of A Spectacular Custom Home.Surrounded By Mature Tree-Lined Streets And Multi-Million-Dollar Homes, This Is A Rare Opportunity To Secure A Substantial Lot In A Premier Etobicoke Pocket With Significant Long-Term Potential. Ideally Positioned To Benefit From The Ongoing Transformation Of The Bloor-Kipling Precinct, Including The 18-Acre Six Points Revitalization And Future Etobicoke Civic Centre, Bringing New Community, Recreation, Library And Public Amenities To The Area.Enjoy A Highly Connected And Walkable Lifestyle With Top Schools, Parks, Walking Trails, Shopping, Cafés And Restaurants Along Bloor Street West. Kipling Station Offers TTC Subway, GO Transit And MiWay Connections, With Convenient Access To Highway 427, The QEW And Gardiner Expressway.An Exceptional Opportunity To Create A Premium Custom-Home Or Redevelopment Project In A Thriving Etobicoke Neighbourhood Positioned For Continued Growth And Transformation, Subject To Municipal Approvals. (id:66096)

Property Details

MLS®: W13787968
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 51 × 162 ft (8,166 sq ft)
Frontage: 51 ft
Storeys: 1
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Property Tax: $5,429/yr
Listed: 51 days ago

Features

Foundation: Block
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$884

List price

$1.15M

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 3-bed single family in Toronto (Islington-City Centre West) has been listed for 51 days, which is 5 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX REALTY SERVICES INC. · FIRAS SWAIDA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9B)

This home lists at $1,149,000, about 10.6× the local median household income of $108,000.

Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 108% above the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$1,149,000· $884/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.82% · $89,900

Min 7.82%50%

Mortgage payment$5,872/mo

↳ CMHC premium ($42,364 capitalized)

Property tax (est.)$452/mo

Total monthly$6,324

Cash Needed to Close

Down payment (7.82%)$89,900

Land transfer tax$38,910

Est. closing costs$5,947

Total cash needed$134,757

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