$950,000

For saleJust listed

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863 Dovercourt Road, Toronto (Dovercourt-Wallace Emerson-Junction) - Single Family for Sale

863 Dovercourt Road, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H2X4

3 beds3 baths parking

1316 Dupont Street, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H2A7

2 bd2 ba1,300 ft²Lot size 14 × 80 ft (1,152 sq ft)

Listed by FOREST HILL REAL ESTATE INC.

80 Russett Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3M3

For saleJust listed

2 days ago

$760K

80 Russett Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3M3

5 bd2 ba2 pk1,300 ft²Lot size 18 × 113 ft (1,974 sq ft)

Listed by SUTTON GROUP INCENTIVE REALTY INC.

#20 26 Ernest Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P0B8

For saleJust listed

6 days ago

$1.30M

#20 26 Ernest Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P0B8

3 bd3 ba1 pk1,750 ft²Lot size 13 × 36 ft (476 sq ft)

Listed by CENTURY 21 PERCY FULTON LTD.

729 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J5

For sale

7 days ago

$2.00M

729 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J5

4 bd4 ba1 pk2,250 ft²Lot size 23 × 149 ft (3,353 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$950,000

Toronto

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16 × 88 ft (1,382 sq ft) lot size

Overview

This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $950,000, it is attractively priced about 25% below the $1,268,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 55 days.

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Description

Exceptional mixed-use investment opportunity located at 863 Dovercourt Road, anchored by the long-term, established commercial tenant Liberty Bicycle Shop offering steady income and a great ROI. Being sold "As is, where is," this semi-detached property functions essentially as one continuous building alongside the neighboring semi at 865 Dovercourt Road, which can present a rare opportunity. Upon request acquire both side-by-side properties together for maximum scale and future potential. (id:66096)

Property Details

MLS®: W14148488
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 16 × 88 ft (1,382 sq ft)
Frontage: 16 ft
Storeys: 2
Basement: Finished, Partially finished, Separate entrance, Walk out, N/A, N/A, N/A
Heating: Natural gas
Cooling: Window air conditioner
Garage: No Garage
Ownership: Freehold
Property Tax: $7,586.26/yr
Listed: Today

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

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

55d

Price / ft²

$731

List price

$950K

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 (Dovercourt-Wallace Emerson-Junction) has been listed for 0 days, which is 55 days fresher than the city average of 55. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · DEMETRIOS JIM SAIROGLOU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $950,000, about 11.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$950,000· $731/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $70,000

Min 7.37%50%

Mortgage payment$4,879/mo

↳ CMHC premium ($35,200 capitalized)

Property tax (est.)$632/mo

Total monthly$5,511

Cash Needed to Close

Down payment (7.37%)$70,000

Land transfer tax$30,950

Est. closing costs$5,350

Total cash needed$106,300

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