$799,999

For saleJust listed

9 East Road, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

9 East Road, Toronto (Birchcliffe-Cliffside), Ontario, M1N1Z9

6 beds3 baths8 parking1,750 ft²50 × 100 ft (5,000 sq ft) lot sizeListed 4 days ago

Overview

This 6-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $799,999, it is attractively priced about 37% below the $1,269,900 median asking price in Toronto. It has been on the market 4 days, fresher than the Toronto average of 47 days.

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Description

Attention Investors, Builders & Developers! A Once-In-A-Lifetime Opportunity To Acquire A 50' X 100' Double Lot In The Highly Sought-After Birch Cliff Neighbourhood. This Exceptional Property Offers Incredible Development Potential In An A+ Toronto Location. This Property Had Already Been Approved For Two Detached Homes, Providing A Clear Development Path. Explore The Potential For Two Stunning Custom-Built Residences Or Alternative Multi-Unit Development Opportunities, Subject To All Applicable Located In One Of Toronto's Most Desirable East-End Communities, Steps To Schools, Restaurants, The Coveted Toronto Hunt Club, This Rare Double Lot Offers An Outstanding Combination Of Land, Location, Flexibility, And Upside. The Home Is Livable And Has 4 Bedrooms And A Separate Basement Apartment With 2 Bedrooms. With A Huge Driveway Fitting Up To 8 Cars. A Rare Development Opportunity In Birch Cliff That Should Not Be Missed! The Property Is Currently Vacant. (id:66096)

Property Details

MLS®: E14135714
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 8
Interior Size: 1,750 ft²
Lot Size: 50 × 100 ft (5,000 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold

Features

Appliances: All
Foundation: Concrete

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Birchcliffe-Cliffside) listings, avg age

47d

Price / ft²

$457

List price

$800K

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 6-bed single family in Toronto (Birchcliffe-Cliffside) has been listed for 4 days, which is 43 days fresher than the city average of 47. Act while there is still low competition.

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Listed by ROYAL LEPAGE VISION REALTY · Fahad Hossain

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1N)

This home lists at $799,999, about 8.9× the local median household income of $90,000.

Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 74% above the area median.

Median household income: $90,000
Population: 22,976
Median age: 44.8
Owner / renter: 65% / 35%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M1N)

$799,999· $457/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,999.90

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,800 capitalized)

Property tax (est.)$494/mo

Total monthly$4,624

Cash Needed to Close

Down payment (6.87%)$55,000

Land transfer tax$24,950

Est. closing costs$4,900

Total cash needed$84,850

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