$1,799,000

For sale

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78 Bannockburn Avenue, Toronto (Bedford Park-Nortown) - Single Family for Sale

115 Haddington Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M2P4

3 bd2 ba2 pk1,300 ft²Lot size 42 × 120 ft (5,048 sq ft)

Listed by ROYAL LEPAGE TERREQUITY REALTY

717 Woburn Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1M2

For saleJust listed

2 days ago

$4.10M

717 Woburn Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1M2

5 bd5 ba6 pk4,250 ft²Lot size 46 × 133 ft (6,171 sq ft)

Listed by HARVEY KALLES REAL ESTATE LTD.

374 Glengarry Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1E8

For saleJust listed

3 days ago

$2.90M

374 Glengarry Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1E8

4 bd5 ba6 pk2,750 ft²Lot size 40 × 106 ft (4,240 sq ft)

Listed by HARVEY KALLES REAL ESTATE LTD.

652 Bedford Park Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1K4

For saleJust listed

3 days ago

$5.39M

652 Bedford Park Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1K4

6 bd7 ba4 pk4,250 ft²Lot size 40 × 125 ft (5,000 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$1,799,000

Toronto

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78 Bannockburn Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M2N1

3 beds2 baths3 parking1,300 ft²41 × 130 ft (5,325 sq ft) lot sizeListed 50 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,799,000, it is attractively priced about 40% below the $2,999,000 median asking price in Toronto.

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Description

An incredible opportunity in the heart of Bedford Park! Situated on a fantastic 40 x 130 ft lot, 78 Bannockburn offers the chance to build an exceptional custom home in one of Toronto's most desirable neighbourhoods. This is an exceptionally clean lot with very few trees, providing an outstanding canvas for a future build. Surrounded by beautiful multi-million-dollar homes, this is one of the few remaining bungalows in an area that has undergone tremendous transformation. Perfectly situated just moments from Avenue Road, with easy access to some of the neighbourhood's best shops, restaurants, cafés, schools, parks and everyday amenities. Whether you're a builder, investor or end user looking to create your dream home, the combination of 40-foot frontage, 130-foot depth and an incredible Bedford Park location makes this a truly special opportunity. Not ready to build immediately? The existing bungalow is very livable and offers excellent flexibility to move in or rent out while planning for the future. A rare combination of lot, location and potential in one of Toronto's most sought-after neighbourhoods. (id:66096)

Property Details

MLS®: C13799094
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 41 × 130 ft (5,325 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Natural gas
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $7,259/yr
Listed: 50 days ago

Features

Foundation: Brick
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$1,384

List price

$1.80M

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 (Bedford Park-Nortown) has been listed for 50 days, which is 2 days fresher than the city average of 52. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · JAMIE ERLICK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $1,799,000, about 11.0× the local median household income of $164,000.

Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 114% above the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$1,799,000· $1,384/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $359,800

Min 20%50%

Mortgage payment$7,672/mo

Property tax (est.)$605/mo

Total monthly$8,277

Cash Needed to Close

Down payment (20%)$359,800

Land transfer tax$64,910

Est. closing costs$7,897

Total cash needed$432,607

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