$749,000

For sale

922A Danforth Road, Toronto (Kennedy Park) - Single Family for Sale

922A Danforth Road, Toronto (Kennedy Park), Ontario, M1K1H9

5 beds2 baths3 parking900 ft²62 × 113 ft (7,006 sq ft) lot sizeListed 16 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $749,000, it is attractively priced about 20% below the $939,900 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 52 days.

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Description

Welcome to 922A Danforth Rd, a beautifully renovated and meticulously maintained detached bungalow in Scarborough. This move-in-ready home features a bright, functional layout with spacious living areas, 2 full bathrooms, and a newly renovated, fully finished walk-out basement offering excellent income potential or an ideal in-law suite. Major 2021 updates include the roof, furnace, central A/C, windows and light fixtures. Enjoy a private backyard with two storage sheds for added convenience. Ideally located directly across from Robert Service Senior Public School and steps to Walter Perry Junior Public School, with easy access to TTC, shopping, grocery stores, restaurants, parks, community amenities and major routes. An excellent opportunity for first-time buyers, families or investors seeking a well-maintained home with versatile living and income potential. Seller does not warrant the retrofit status of the basement. (id:66096)

Property Details

MLS®: E14098840
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 62 × 113 ft (7,006 sq ft)
Frontage: 62 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Other, No Garage
Ownership: Freehold
Property Tax: $3,145/yr

Rooms

Main level

Living room: 5.19 x 3.51 meters
Dining room: 3.49 x 3.09 meters
Kitchen: 3.04 x 2.43 meters
Primary Bedroom: 3.59 x 3.09 meters
Bedroom: 3.49 x 2.99 meters
Family room: 3.59 x 3.09 meters

Basement

Bedroom: 3.28 x 3.2 meters
Bedroom: 3.04 x 3.04 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, Water Heater
Flooring: Laminate, Ceramic
Foundation: Block, Concrete
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Kennedy Park) listings, avg age

52d

Price / ft²

$832

List price

$749K

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 (Kennedy Park) has been listed for 16 days, which is 36 days fresher than the city average of 52. Act while there is still low competition.

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Listed by ROYAL LEPAGE CERTIFIED REALTY · Adil Siddiqui

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $749,000, about 10.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$749,000· $832/ft²

For sale

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Full Cost Breakdown

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Down Payment6.66% · $49,900.00

Min 6.66%50%

Mortgage payment$3,876/mo

↳ CMHC premium ($27,964 capitalized)

Property tax (est.)$262/mo

Total monthly$4,138

Cash Needed to Close

Down payment (6.66%)$49,900

Land transfer tax$22,910

Est. closing costs$4,747

Total cash needed$77,557

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