$1,189,800

For sale

79 Silverhill Drive, Toronto (Islington-City Centre West) - Single Family for Sale

79 Silverhill Drive, Toronto (Islington-City Centre West), Ontario, M9B3W4

5 beds2 baths4 parking1,300 ft²40 × 128 ft (5,116 sq ft) lot sizeListed 27 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,189,800, it is attractively priced about 26% below the $1,598,000 median asking price in Toronto. It has been on the market 27 days, fresher than the Toronto average of 56 days.

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Description

Welcome to 79 Silverhill Drive, ideally located in the heart of Etobicoke, directly across from Silverhill Park. This 3+2 bedroom brick bungalow sits on a 40 x 127 foot lot and has been lovingly cared for by the same family for over 50 years. This home offers a comfortable layout with hardwood floors throughout, an eat-in kitchen, and a dining and living area finished with crown moulding. The main level provides plenty of space for everyday living, while the additional bedrooms offer flexibility for a growing family, guests, a home office, or other needs. The possibilities for this property are extensive. Renovate the existing home and create a space that suits your style, explore the potential for additional living space, or take advantage of the lot to build your dream home. The location adds even more appeal. Enjoy being directly across from Silverhill Park, with green space just steps from your front door. Cloverdale Mall, Kipling Subway Station, parks, schools, shopping, and everyday amenities are all within easy reach, while convenient access to major highways makes commuting throughout the city simple. This home is situated across from the potential new site of Etobicoke City Centre Elementary School (160 Silverhill Dr). A long-time family home with a great lot, a convenient location, and plenty of opportunity, 79 Silverhill Drive is ready for its next chapter. (id:66096)

Property Details

MLS®: W13875322
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 40 × 128 ft (5,116 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Ground level

Kitchen: 4.05 x 3.01 meters
Living room: 4.97 x 3.15 meters
Dining room: 3.96 x 2.52 meters
Primary Bedroom: 4.15 x 3.25 meters
Bedroom 2: 3.05 x 2.77 meters
Bedroom 3: 3.36 x 2.97 meters

Basement

Recreational, Games room: 6.58 x 3.87 meters
Bedroom 4: 3.6 x 3.87 meters
Bedroom 5: 3.7 x 3.3 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, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Freezer, Window Coverings, Water Heater
Flooring: Hardwood
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$915

List price

$1.19M

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 5-bed single family in Toronto (Islington-City Centre West) has been listed for 27 days, which is 29 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · MICHAEL JOHN ILCIO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9B)

This home lists at $1,189,800, about 11.0× the local median household income of $108,000.

Carrying it typically needs a household income of about $232,410 (20% down, 25-yr amortization, stress-tested) — roughly 115% above the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$1,189,800· $915/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.90% · $93,980

Min 7.90%50%

Mortgage payment$6,075/mo

↳ CMHC premium ($43,833 capitalized)

Property tax (est.)$459/mo

Total monthly$6,535

Cash Needed to Close

Down payment (7.90%)$93,980

Land transfer tax$40,542

Est. closing costs$6,069

Total cash needed$140,591

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