$1,042,000

For saleJust listed

88 Lanark Avenue, Toronto (Oakwood Village) - Single Family for Sale

88 Lanark Avenue, Toronto (Oakwood Village), Ontario, M6E2G4

3 beds3 baths2 parking1,300 ft²25 × 98 ft (2,450 sq ft) lot sizeListed Today

Overview

This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,042,000, it is attractively priced about 9% below the $1,149,000 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

Welcome to 88 Lanark Ave and this recently renovated 2-bedroom 2-bathroom detached in Oakwood Village and steps from to the Oakwood LRT. This updated and charming home features a renovated kitchen with quartz counter tops and stainless steel appliances. Updated washroom with new tiles, vanity, and fixtures. Update flooring in the living, dining, and bedrooms. Updated electrical outlets, switches, and light fixtures throughout. A separate side entrance with basement apartment offers great rental income opportunities. Shared driveway with private garage and yard. This home is perfect for investors, first time buyers, and buyers looking to downsize. Conveniently located just steps from a number of local amenities including shops, grocery stores, schools, parks, restaurants, places of worship, and other vibrant neighborhoods. This home is currently Tenanted. The Buyer must assume the Tenants until the end of their term, February 28, 2027. (id:66096)

Property Details

MLS®: C14156150
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 25 × 98 ft (2,450 sq ft)
Frontage: 25 ft
Storeys: 1
Basement: Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $4,741.98/yr
Listed: Today

Rooms

Main level

Living room: 2.8 x 4.46 meters
Dining room: 2 x 3.7 meters
Kitchen: 2.35 x 7 meters

Second level

Primary Bedroom: 3.96 x 3.52 meters
Bedroom 2: 3.05 x 3.55 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings
Flooring: Ceramic, Vinyl
Foundation: Block
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Oakwood Village) listings, avg age

55d

Price / ft²

$802

List price

$1.04M

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 (Oakwood Village) 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 VANGUARD REALTY BROKERAGE CORP. · CARLO LAVALLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $1,042,000, about 12.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $203,539 (20% down, 25-yr amortization, stress-tested) — roughly 148% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$1,042,000· $802/ft²

For sale

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Full Cost Breakdown

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Down Payment7.60% · $79,200

Min 7.60%50%

Mortgage payment$5,338/mo

↳ CMHC premium ($38,512 capitalized)

Property tax (est.)$395/mo

Total monthly$5,733

Cash Needed to Close

Down payment (7.60%)$79,200

Land transfer tax$34,630

Est. closing costs$5,626

Total cash needed$119,456

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