$549,900

For sale

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#20 165 Tapscott Road, Toronto (Malvern) - Single Family for Sale

#20 165 Tapscott Road, Toronto (Malvern), Ontario, M1B0E8

2 beds2 baths1 parking ft²

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Investment analysis

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$549,900

Toronto

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Description

Welcome to Unit 20, a modern townhome in the desirable Malvern community near Tapscott Rd and McLevin Ave. This thoughtfully designed home features a bright open-concept living and dining area, a contemporary kitchen with stainless steel appliances, and two comfortable bedrooms. Includes one designated parking space and bicycle parking. Conveniently located near shopping, parks, schools, public transit, University of Toronto Scarborough, and Centennial College. A wonderful opportunity for buyers looking for modern living, convenience, and great outdoor space. (id:66096)

Property Details

MLS®: E13630674
Property Type: Single Family
Zoning: RA(au37.6*611)
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Garage: Underground, No Garage
Condo Fee: $223/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,923.45/yr
Listed: 96 days ago

Market Timing

Days on market

96d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$423

List price

$550K

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 (M1B)

This home lists at $549,900, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 18% above the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$549,900· $423/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$244/mo

Condo fee$223/mo

Total monthly$3,349

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$14,946

Est. closing costs$4,150

Total cash needed$49,086

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#20 165 Tapscott Road, Toronto (Malvern) - Single Family for Sale

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M1B)

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