$1,049,000

For sale

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8 Newlove Court, Toronto (Elms-Old Rexdale) - Single Family for Sale

8 Newlove Court, Toronto (Elms-Old Rexdale), Ontario, M9W5X5

5 beds3 baths6 parking ft²

68 Allenby Avenue, Toronto (Elms-Old Rexdale), Ontario, M9W1S6

3 bd1 ba4 pk900 ft²Lot size 49 × 132 ft (6,468 sq ft)

Listed by Royal LePage Real Estate Associates

25 Allenby Avenue, Toronto (Elms-Old Rexdale), Ontario, M9W1S5

For salePrice drop

43 days ago

$799K$819K

↓ $20K (2%) price drop

25 Allenby Avenue, Toronto (Elms-Old Rexdale), Ontario, M9W1S5

2 bd2 ba3 pk900 ft²Lot size 44 × 114 ft (5,016 sq ft)

Listed by GET SOLD REALTY INC.

46 Golfdown Drive, Toronto (Elms-Old Rexdale), Ontario, M9W2H7

For sale

75 days ago

$1.95M

46 Golfdown Drive, Toronto (Elms-Old Rexdale), Ontario, M9W2H7

6 bd5 ba5 pk2,750 ft²Lot size 50 × 131 ft (6,563 sq ft)

Listed by RE/MAX WEST REALTY INC.

4 Byng Avenue, Toronto (Elms-Old Rexdale), Ontario, M9W2M9

For sale

84 days ago

$1.80M

4 Byng Avenue, Toronto (Elms-Old Rexdale), Ontario, M9W2M9

6 bd6 ba5 pk4,250 ft²Lot size 37 × 151 ft (5,572 sq ft)

Listed by HOMELIFE SILVERCITY REALTY INC.

Investment analysis

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$1,049,000

Toronto

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45 × 130 ft (5,836 sq ft) lot size

Overview

This 5-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $1,049,000, it is attractively priced about 19% below the $1,299,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 63 days.

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Description

*NICE/UNIQUE DETACHED 3 BEDROOM RAISED BUNGALOW with A LARGE DOUBLE CAR GARAGE PREMIUM COURT LOCATION *SPACIOUS FLOOR PLAN With LARGE CENTRE HALL *BIG PRIMARY BEDROOM with 2-PCE WASHROOM AND A LARGE CLOSET *WOW AMAZING WALK-OUT BASEMENT *PROFESSIONALLY FINISHED BASEMENT with 2ND KITCHEN, SEPARATE SIDE ENTRANCE AND BACK WALK-Out ENTRANCE, WITH 2 BIG BEDROOMS *INCOME POTENTIAL* * ORIGINAL OWNERS* STRIP HARDWOOD AND CERAMIC THROUGHOUT * DON'T MISS THIS ONE OF A KIND WELL KEPT BUNGLOW* ENJOY FRONT OR SIDE PORCH THAT FEATURES Two (2)COLD ROOMS * NEAR ALL AMENITIES, SCHOOLS, SHOPPING, HWYS, BUS, COSTCO, WALMART ETC. (id:66096)

Property Details

MLS®: W14099482
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 45 × 130 ft (5,836 sq ft)
Frontage: 45 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $4,540/yr
Listed: 16 days ago

Rooms

Main level

Living room: 5.16 x 3.62 meters
Dining room: 3.62 x 3.34 meters
Kitchen: 5.23 x 3.55 meters
Primary Bedroom: 4.73 x 3.67 meters
Bedroom 2: 3.83 x 2.96 meters
Bedroom 3: 3.61 x 3.1 meters

Basement

Furnace: 4.17 x 4.03 meters
Recreational, Games room: 8.56 x 3.61 meters
Bedroom 4: 4.39 x 3.18 meters
Bedroom 5: 4.27 x 3.85 meters
Kitchen: 4.88 x 4.19 meters

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

Features

Appliances: Central Vacuum, Dryer, Two stoves, Window Coverings, Garage door opener, Water Heater, Two Refrigerators
Flooring: Hardwood, Ceramic
Foundation: Block
Exterior: Brick
Lot Features: Cul-de-sac, Flat site, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Elms-Old Rexdale) listings, avg age

63d

Price / ft²

$599

List price

$1.05M

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 (Elms-Old Rexdale) has been listed for 16 days, which is 47 days fresher than the city average of 63. Act while there is still low competition.

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Listed by ROYAL LEPAGE IGNITE REALTY · PAOLO CONSIGLIO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9W)

This home lists at $1,049,000, about 12.3× the local median household income of $85,000.

Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 141% above the area median.

Median household income: $85,000
Population: 40,977
Median age: 38.8
Owner / renter: 58% / 42%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M9W)

$1,049,000· $599/ft²

For sale

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Full Cost Breakdown

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Down Payment7.62% · $79,900

Min 7.62%50%

Mortgage payment$5,373/mo

↳ CMHC premium ($38,764 capitalized)

Property tax (est.)$378/mo

Total monthly$5,751

Cash Needed to Close

Down payment (7.62%)$79,900

Land transfer tax$34,910

Est. closing costs$5,647

Total cash needed$120,457

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