$998,000

For saleJust listed

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70 Mason Road, Toronto (Scarborough Village) - Single Family for Sale

70 Mason Road, Toronto (Scarborough Village), Ontario, M1M3R2

4 beds5 baths parking

41 Heathfield Drive, Toronto (Scarborough Village), Ontario, M1M3A9

5 bd4 ba4 pk4,250 ft²Lot size 61 × 152 ft (9,275 sq ft)

Listed by REAL ESTATE ADVISORS INC.

22 Gatesview Avenue, Toronto (Scarborough Village), Ontario, M1J3G5

For sale

10 days ago

$1.19M

22 Gatesview Avenue, Toronto (Scarborough Village), Ontario, M1J3G5

5 bd3 ba4 pk1,300 ft²Lot size 44 × 210 ft (9,160 sq ft)

Listed by CENTURY 21 PARKLAND LTD.

49 Greendowns Drive, Toronto (Scarborough Village), Ontario, M1M2G6

For sale

13 days ago

$1.35M

49 Greendowns Drive, Toronto (Scarborough Village), Ontario, M1M2G6

5 bd5 ba6 pk2,250 ft²Lot size 45 × 113 ft (5,074 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

59 Cedar Drive, Toronto (Scarborough Village), Ontario, M1J3E9

For sale

29 days ago

$799K

59 Cedar Drive, Toronto (Scarborough Village), Ontario, M1J3E9

3 bd2 ba4 pk1,300 ft²Lot size 52 × 144 ft (7,509 sq ft)

Listed by CENTURY 21 PARKLAND LTD.

Investment analysis

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$998,000

Toronto

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Overview

This 4-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,750 sq ft of space. Listed at $998,000, it is attractively priced about 26% below the $1,349,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 49 days.

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Description

Welcome to this stunning 2-storey detached home in a highly desirable and well-connected neighbourhood! This spacious, versatile Property boasts a bright and functional layout. Loved and cherished by original home owners since 1987. Experience unmatched convenience with prime amenities right at your doorstep - just a short walk or drive to the Eglinton GO Station, local transit, excellent Schools, Shopping, and major highways. Whether you are searching for the perfect family home or a solid investment in a prime location, a 4 bedroom with 5 washrooms, family room and den on main floor. Some photos are virtually staged. See tour link to view unstaged photos. (id:66096)

Property Details

MLS®: E14143230
Property Type: Single Family
Zoning: Residential
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 5
Half Baths: 2
Parking: 6
Interior Size: 2,750 ft²
Lot Size: 120 × 45 ft (5,417 sq ft)
Frontage: 120 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $6,492.69/yr
Listed: Yesterday

Rooms

Other

Living room: 5 x 4 meters
Dining room: 3.8 x 4.5 meters
Kitchen: 6 x 4 meters

Main level

Family room: 5.8 x 4.2 meters
Den: 4 x 3.9 meters
Primary Bedroom: 5.8 x 4.2 meters
Bedroom 2: 5.8 x 4 meters
Bedroom 3: 4 x 3.8 meters
Bedroom 4: 3.8 x 3.8 meters

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

Market Timing

Days on market

Toronto (Scarborough Village) listings, avg age

49d

Price / ft²

$363

List price

$998K

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 (M1M)

This home lists at $998,000, about 11.5× the local median household income of $87,000.

Carrying it typically needs a household income of about $194,944 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.

Median household income: $87,000
Population: 23,258
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1M)

$998,000· $363/ft²

For sale

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Full Cost Breakdown

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Down Payment7.49% · $74,800

Min 7.49%50%

Mortgage payment$5,118/mo

↳ CMHC premium ($36,928 capitalized)

Property tax (est.)$541/mo

Total monthly$5,659

Cash Needed to Close

Down payment (7.49%)$74,800

Land transfer tax$32,870

Est. closing costs$5,494

Total cash needed$113,164

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

70 Mason Road, Toronto (Scarborough Village) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

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Market Timing

Location

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Neighbourhood profile (M1M)

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