Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 350 sq ft of space. It has been on the market 6 days, fresher than the Toronto average of 68 days.

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Description

**ATTENTION INVESTORS, RENOVATORS, BUILDERS & CONTRACTORS! EXCEPTIONAL INVESTMENT OPPORTUNITY IN TORONTO!**An incredible opportunity awaits at **97 Birkdale Road, Toronto!** Calling all savvy investors, experienced renovators, contractors, and buyers looking for a property with tremendous potential!This property is currently **UNDER CONSTRUCTION AND REQUIRES SIGNIFICANT WORK TO COMPLETE.** An excellent opportunity for those with the vision, experience, and resources to transform this unfinished property into a beautiful home or investment project.The property is currently in an unfinished state and is **NOT IN LIVABLE OR HABITABLE CONDITION. Property is under construction, with substantial outstanding work required before occupancy. **Occupancy:** Property is not suitable for immediate occupancy.A fantastic opportunity for experienced investors and contractors seeking a renovation or redevelopment project in Toronto. Take advantage of the opportunity to complete the property according to your own plans, specifications, and visionWhether you're an investor looking for your next renovation project, a contractor seeking a property to finish, or a buyer interested in creating a customized home, this property presents an exciting opportunity.Buyers and their representatives are strongly encouraged to conduct their own due diligence regarding building permits, municipal approvals, outstanding work orders, inspections, construction requirements, utility connections, and all costs associated with completing the property. THIS IS NOT A MOVE-IN-READY PROPERTY. SIGNIFICANT CONSTRUCTION AND RENOVATION WORK IS REQUIRED.****DON'T MISS THIS OPPORTUNITY TO BRING YOUR VISION TO LIFE!** (id:66096)

Property Details

MLS®: E14128436
Property Type: Single Family
Zoning: Residential
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 350 ft²
Lot Size: 30 × 120 ft (3,600 sq ft)
Frontage: 30 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,276/yr
Listed: 6 days ago

Rooms

Lower level

Utility room: 3.72 x 2.95 meters
Recreational, Games room: 7.51 x 5.82 meters
Bedroom 4: 3.57 x 3.2 meters
Laundry room: 2.77 x 2.46 meters

Main level

Living room: 4.67 x 3.42 meters
Dining room: 3.42 x 2.71 meters
Kitchen: 2.98 x 2.4 meters
Primary Bedroom: 4.59 x 3.01 meters
Bedroom 2: 3.92 x 2.42 meters
Bedroom 3: 2.83 x 2.65 meters

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

Market Timing

Days on market

Toronto (Bendale) listings, avg age

68d

Price / ft²

$1,592

List price

$557K

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.

Area context

Neighbourhood profile (M1P)

This home lists at $556,500, about 7.3× the local median household income of $76,000.

Carrying it typically needs a household income of about $108,704 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $76,000
Population: 45,170
Median age: 39.6
Owner / renter: 59% / 41%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1P)

$556,500· $1,592/ft²

For sale

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Full Cost Breakdown

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Down Payment5.51% · $30,650

Min 5.51%50%

Mortgage payment$2,915/mo

↳ CMHC premium ($21,034 capitalized)

Property tax (est.)$356/mo

Total monthly$3,272

Cash Needed to Close

Down payment (5.51%)$30,650

Land transfer tax$15,210

Est. closing costs$4,170

Total cash needed$50,030

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Investment analysis

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97 Birkdale Road, Toronto (Bendale) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M1P)

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Full Cost Breakdown

Rental cashflow calculator