$944,900

For sale

77 Elma Street, Toronto (Mimico) - Single Family for Sale

77 Elma Street, Toronto (Mimico), Ontario, M8V1X9

3 beds2 baths3 parking350 ft²32 × 125 ft (4,000 sq ft) lot sizeListed 22 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 350 sq ft of space. Listed at $944,900, it is attractively priced about 23% below the $1,229,000 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 57 days.

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Description

Charming, Move-In-Ready Detached Bungalow with Endless Potential!Welcome to this bright and beautifully updated, carpet-free detached bungalow, nestled on an impressive 32 x 125 ft lot in a highly sought-after, family-friendly neighborhood! Offering the perfect blend of charm, comfort, and future potential, this inviting home features stylish interiors and a functional layout designed for easy living.The fully finished basement adds exceptional versatility, complete with an additional bedroom, a 3-piece bathroom, and an existing kitchen rough-in - offering exciting potential for future customization Sump Pump. Enjoy the convenience of a private driveway with parking for up to 3 vehicles.Major Updates Include: Roof (2025), Furnace (2024), and Dryer (2025).Ideally located just minutes from Mimico GO Station, TTC transit, excellent schools, and scenic trails, this home offers a wonderful lifestyle with easy access to everyday amenities and commuting options.Whether you're a first-time buyer, growing family, or investor looking for future potential, this charming bungalow is an opportunity you won't want to miss! (id:66096)

Property Details

MLS®: W14022572
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 350 ft²
Lot Size: 32 × 125 ft (4,000 sq ft)
Frontage: 32 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,834/yr

Rooms

Main level

Kitchen: 2.78 x 3.69 meters
Living room: 3.16 x 4.39 meters
Dining room: 3.16 x 4.39 meters
Bedroom: 2.8 x 4.01 meters
Bedroom 2: 2.78 x 3 meters
Bathroom: 1.79 x 2.36 meters

Basement

Living room: 3.94 x 5.4 meters
Bedroom 3: 3.49 x 3.12 meters
Bathroom: 2.4 x 2.13 meters
Laundry room: 2.67 x 3.15 meters

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

Features

Flooring: Hardwood
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Mimico) listings, avg age

57d

Price / ft²

$2,704

List price

$945K

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 (Mimico) has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · HALA GHM ABU-HANTASH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $944,900, about 12.0× the local median household income of $79,000.

Carrying it typically needs a household income of about $184,572 (20% down, 25-yr amortization, stress-tested) — roughly 134% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$944,900· $2,704/ft²

For sale

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Full Cost Breakdown

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Down Payment7.35% · $69,490

Min 7.35%50%

Mortgage payment$4,853/mo

↳ CMHC premium ($35,016 capitalized)

Property tax (est.)$403/mo

Total monthly$5,256

Cash Needed to Close

Down payment (7.35%)$69,490

Land transfer tax$30,746

Est. closing costs$5,335

Total cash needed$105,571

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