$1,100,000

For sale

776 Gerrard Street East, Toronto (South Riverdale) - Single Family for Sale

776 Gerrard Street East, Toronto (South Riverdale), Ontario, M4M1Y6

4 beds2 baths1 parking1,300 ft²19 × 122 ft (2,320 sq ft) lot sizeListed 32 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,100,000, it is attractively priced about 15% below the $1,298,000 median asking price in Toronto. It has been on the market 32 days, fresher than the Toronto average of 49 days.

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Description

Calling all renovators, contractors and buyers looking to create something special in the heart of South Riverdale. This charming 3 bedroom, 2 bathroom home is filled with original character, including classic wood trim and hardwood floors throughout. Offering an excellent opportunity to renovate, restore and customize, the home features a functional layout with plenty of potential to bring your vision to life. Rear laneway access and a private garage add valuable convenience. Ideally located in the heart of Chinatown, close to TTC, schools, parks, shops, restaurants and everyday amenities. A rare opportunity to transform a character filled home in one of Toronto's most vibrant and established communities. (id:66096)

Property Details

MLS®: E13862454
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Lot Size: 19 × 122 ft (2,320 sq ft)
Frontage: 19 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,026/yr
Listed: 32 days ago

Rooms

Main level

Kitchen: 3.05 x 3.2 meters
Family room: 4.57 x 3.2 meters
Dining room: 3.05 x 3.66 meters
Living room: 3.05 x 3.66 meters

Upper Level

Primary Bedroom: 3.66 x 4.57 meters
Bedroom 2: 2.9 x 3.35 meters
Bedroom 3: 3.05 x 3.2 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, Stove, Dryer, Blinds
Flooring: Tile, Hardwood
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Toronto (South Riverdale) listings, avg age

49d

Price / ft²

$846

List price

$1.10M

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 4-bed single family in Toronto (South Riverdale) has been listed for 32 days, which is 17 days fresher than the city average of 49. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · ROBERT RAYMOND FAULKNER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4M)

This home lists at $1,100,000, about 11.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 117% above the area median.

Median household income: $99,000
Population: 25,052
Median age: 38.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M4M)

$1,100,000· $846/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $85,000

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,600 capitalized)

Property tax (est.)$336/mo

Total monthly$5,963

Cash Needed to Close

Down payment (7.73%)$85,000

Land transfer tax$36,950

Est. closing costs$5,800

Total cash needed$127,750

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