$399,900

For sale

#161 70 Driftwood Avenue, Toronto (Glenfield-Jane Heights) - Single Family for Sale

#161 70 Driftwood Avenue, Toronto (Glenfield-Jane Heights), Ontario, M3N2M5

3 beds2 baths1 parking1,500 ft²$536/mo condo feeListed 12 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. Listed at $399,900, it is attractively priced about 19% below the $492,000 median asking price in Toronto. It has been on the market 12 days, fresher than the Toronto average of 62 days.

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Description

Amazing starter home! Enjoy the additional privacy of an end unit. Spacious townhouse with its own yard. Freshly painted and with new flooring throughout. The "utility room" can easily be converted to an office, a 4th bedroom or a den. Conveniently located within walking distance of the Finch LRT, bus stop on Driftwood & shopping at Jane and Finch. Close to schools and York University. Private yard alone is 25' x 25', plus a terrace at the entrance. Move-in ready or renovate to your heart's desire. This is a once in a lifetime opportunity to purchase a proper townhouse at this price. Great for first-time home buyer! (id:66096)

Property Details

MLS®: W14112416
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,500 ft²
Storeys: 2
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: Garage, Underground
Condo Fee: $536/mo
Fee Includes: Common Area Maintenance, Cable TV, Parking
Ownership: Condo/Strata
Property Tax: $1,427.2/yr

Rooms

Ground level

Living room: 6.1 x 3.45 meters
Dining room: 6.09 x 2.76 meters
Kitchen: 5.15 x 2.25 meters
Eating area: 5.15 x 2.25 meters
Utility room: 4.26 x 2.36 meters
Partial bathroom: 20.72 x 15.85 meters

Second level

Primary Bedroom: 6.09 x 3.04 meters
Bedroom 2: 3.96 x 2.41 meters
Bedroom 3: 3.96 x 2.64 meters
Bathroom: 24.99 x 18.28 meters

Features

Appliances: Water Heater
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Toronto (Glenfield-Jane Heights) listings, avg age

62d

Price / ft²

$267

List price

$400K

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 (Glenfield-Jane Heights) has been listed for 12 days, which is 50 days fresher than the city average of 62. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · EDUARD NOVAK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M3N)

This home lists at $399,900, about 6.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $66,500
Population: 40,846
Median age: 38
Owner / renter: 37% / 63%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA M3N)

$399,900· $267/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$119/mo

Condo fee$536/mo

Total monthly$2,761

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$8,947

Est. closing costs$3,700

Total cash needed$32,642

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