$699,000

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#22 50 Verne Crescent, Toronto (Malvern) - Single Family for Sale

#22 50 Verne Crescent, Toronto (Malvern), Ontario, M1B2Z1

3 beds2 baths2 parking1,300 ft²$401/mo condo feeListed 136 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space.

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Description

Welcome to this beautifully updated three-storey condo townhome nestled in a desirable Scarborough community. Bright, spacious, and thoughtfully designed, this home features an open-concept layout that is both functional and inviting.The fully renovated kitchen showcases upgraded quartz countertops and modern finishes, seamlessly flowing into the living and dining areas, perfect for both everyday living and entertaining. The living room is highlighted by soaring vaulted ceilings and a cozy gas fireplace, creating a warm and airy atmosphere filled with natural light. This meticulously maintained home also offers updated washrooms and a newer roof with the option to add a skylight for even more natural light. Located in a well managed and quiet complex, this property is conveniently located close to parks, schools, shopping, transit, major highways, and the world-renowned Toronto Zoo. An excellent opportunity for first-time home buyers, down-sizers, or investors seeking a move-in-ready home in a fantastic location. Just move in and enjoy! (id:66096)

Property Details

MLS®: E13476878
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Storeys: 3
Basement: Unfinished, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Attached Garage, Garage
Fireplace: Yes
Condo Fee: $401/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Living room: 5.6 x 4.1 meters

Second level

Kitchen: 5.6 x 2.5 meters
Dining room: 3.4 x 2.9 meters

Third level

Primary Bedroom: 5 x 3.3 meters
Bedroom 2: 2.9 x 4.2 meters
Bedroom 3: 2.8 x 2.72 meters

Lower level

Laundry room: 3.4 x 4.1 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, Dishwasher, Stove, Dryer, Microwave
Flooring: Concrete, Laminate, Carpeted
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

136d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$538

List price

$699K

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 (Malvern) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by PSR · HUGO ERNESTO CEREN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $699,000, about 7.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 50% 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)

$699,000· $538/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$180/mo

Condo fee$401/mo

Total monthly$4,208

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$20,910

Est. closing costs$4,597

Total cash needed$70,407

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#22 50 Verne Crescent, Toronto (Malvern) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M1B)

Book a showing

Full Cost Breakdown