$776,000

$799,000For salePrice drop↓ $23,000 (3%)

7 Stotts Terrace, Toronto (Centennial Scarborough) - Single Family for Sale

7 Stotts Terrace, Toronto (Centennial Scarborough), Ontario, M1C0C8

3 beds3 baths2 parking1,300 ft²19 × 99 ft (1,916 sq ft) lot sizeListed 38 days ago

Overview

This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $776,000, it is attractively priced about 38% below the $1,258,990 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 47 days.

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Description

Welcome to this beautifully laid-out townhome located in the desirable Port Union Village neighbourhood. The main floor features a modern open-concept design with hardwood flooring, a spacious living and dining area, and an upgraded kitchen with ample cabinetry and counter space. The breakfast area provides a walkout to a private, fully fenced backyard-perfect for outdoor enjoyment and entertaining. Upstairs, you'll find three generously sized bedrooms, including a primary bedroom with a modern 5-piece ensuite and walk-in closet. Convenient second-floor laundry adds to the home's functionality. Additional features include direct garage access, a garage door opener with remote, and a convenient entrance through the garage. Enjoy an exceptional location just minutes from Rouge Hill GO Station, TTC service at the end of the street, Highway 401, , parks, schools, shopping, restaurants, library, recreation center, and tennis courts. A wonderful opportunity to live in a family-friendly community with all amenities close by. (id:66096)

Property Details

MLS®: E13838258
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 19 × 99 ft (1,916 sq ft)
Frontage: 19 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,955/yr

Rooms

Main level

Living room: 4.27 x 3.41 meters
Dining room: 4.27 x 3.41 meters
Kitchen: 3.05 x 3.05 meters
Eating area: 3.35 x 2.33 meters

Second level

Primary Bedroom: 4.57 x 3.05 meters
Bedroom 2: 3.28 x 3.1 meters
Bedroom 3: 3.28 x 2.54 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan
Flooring: Hardwood, Carpeted, Ceramic
Foundation: Unknown
Exterior: Stone, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Toronto (Centennial Scarborough) listings, avg age

47d

Price / ft²

$597

List price

$776K

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 (Centennial Scarborough) has been listed for 38 days, which is 9 days fresher than the city average of 47. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · ADI ALITI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1C)

This home lists at $776,000, about 6.0× the local median household income of $130,000.

Carrying it typically needs a household income of about $151,580 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $130,000
Population: 35,642
Median age: 44.4
Owner / renter: 89% / 11%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA M1C)

$776,000· $597/ft²

For sale

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Full Cost Breakdown

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Down Payment6.78% · $52,600.00

Min 6.78%50%

Mortgage payment$4,011/mo

↳ CMHC premium ($28,936 capitalized)

Property tax (est.)$330/mo

Total monthly$4,340

Cash Needed to Close

Down payment (6.78%)$52,600

Land transfer tax$23,990

Est. closing costs$4,828

Total cash needed$81,418

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