$1,199,000
Toronto
74 Cannon Road, Toronto (Stonegate-Queensway), Ontario, M8Y1S1
This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,199,000, it is attractively priced about 25% below the $1,599,900 median asking price in Toronto. It has been on the market 28 days, fresher than the Toronto average of 50 days.
A Rare Opportunity in a Fantastic Location! Discover the incredible potential of this charming home, ideally situated in one of Toronto's most desirable and vibrant neighbourhoods, just minutes from the popular Bloor West Village, known for its boutique shops, excellent restaurants, cozy cafés, and wonderful community atmosphere. Offered for sale as part of an estate, this vacant property is easy to show, with offers welcome at any time. The home retains much of its original character, with some updates to the kitchen and bathroom. While it offers an excellent opportunity for renovation and modernization, it is also perfectly suitable for someone wishing to move in and make improvements over time. Adding to its appeal, the home features a finished basement with a separate entrance, offering excellent potential for rental income or extended family living. The generous lot may also accommodate a future garden suite, subject to municipal approvals, creating even more possibilities for homeowners and investors alike. The real attraction is the property's outstanding location and tremendous potential. Whether you're a first-time buyer, renovator, investor, or someone dreaming of creating a personalized home in an established neighbourhood, this property offers exciting possibilities. Enjoy the convenience of nearby shopping, dining, parks, and recreational amenities. Best of all, Lake Ontario and its beautiful waterfront walking and cycling promenade are approximately five minutes away by bicycle. Homes with this combination of location, lifestyle, and potential are increasingly difficult to find. Bring your imagination, explore the possibilities, and make this home your own! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 28 days on market, against an average age of 50 days across the listings currently for sale in this city
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.
This 4-bed single family in Toronto (Stonegate-Queensway) has been listed for 28 days, which is 22 days fresher than the city average of 50. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,199,000, about 13.2× the local median household income of $91,000.
Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 157% above the area median.
Source: Statistics Canada, 2021 Census (FSA M8Y)
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