$948,888

$998,000For salePrice drop↓ $49,112 (5%)

916 Woodbine Avenue, Toronto (Woodbine Corridor) - Single Family for Sale

916 Woodbine Avenue, Toronto (Woodbine Corridor), Ontario, M4C4B7

3 beds3 baths2 parking1,300 ft²17 × 120 ft (2,064 sq ft) lot sizeListed 36 days ago

Overview

This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $948,888, it is attractively priced about 13% below the $1,096,000 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 55 days.

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Description

Exceptional investment opportunity in the heart of Toronto's highly sought-after Beaches neighbourhood! This two-storey detached home offers three self-contained units, making it ideal for investors, multi-generational families, or owner-occupants seeking rental income.The second-floor suite features one spacious bedroom, a large updated kitchen, and a full bathroom. The main-floor unit offers one spacious bedroom, a kitchen, and a full bathroom walkout to back porch. The separate basement apartment includes 1 bedroom, its own kitchen, and a full bathroom, providing additional income potential.Complete with a parking for 2 vehicles in the back, this versatile property is located just minutes from the subway, TTC, beach, parks, schools, transit, vibrant shops, cafes, and restaurants. A rare opportunity to own an income-generating property in one of Toronto's most desirable East York community. (id:66096)

Property Details

MLS®: E13850600
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 17 × 120 ft (2,064 sq ft)
Frontage: 17 ft
Storeys: 2
Basement: Finished, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $5,102.62/yr
Listed: 36 days ago

Rooms

Main level

Living room: 3.9 x 2.8 meters
Kitchen: 4 x 3.3 meters
Bedroom: 4 x 3.8 meters

Second level

Living room: 4.7 x 4 meters
Kitchen: 4 x 2.35 meters
Bedroom: 3.03 x 3.03 meters

Basement

Living room: 7.7 x 3.6 meters
Kitchen: 5.14 x 2 meters
Foyer: 1.52 x 10 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, Stove, Dryer
Flooring: Tile, Laminate, Linoleum
Foundation: Block
Exterior: Brick, Stone
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Woodbine Corridor) listings, avg age

55d

Price / ft²

$730

List price

$949K

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 (Woodbine Corridor) has been listed for 36 days, which is 19 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 · OKSANA KOHANOVA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $948,888, about 11.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $185,351 (20% down, 25-yr amortization, stress-tested) — roughly 123% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$948,888· $730/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.37% · $69,888.80

Min 7.37%50%

Mortgage payment$4,873/mo

↳ CMHC premium ($35,160 capitalized)

Property tax (est.)$425/mo

Total monthly$5,299

Cash Needed to Close

Down payment (7.37%)$69,889

Land transfer tax$30,906

Est. closing costs$5,347

Total cash needed$106,141

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