$499,900

For sale

#38 901 Kennedy Road, Toronto (Ionview) - Single Family for Sale

#38 901 Kennedy Road, Toronto (Ionview), Ontario, M1K2E9

2 beds1 bath1 parking750 ft²$465/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 8 days, fresher than the Toronto average of 81 days.

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Description

Rare Opportunity To Own This Beautifully Renovated Lower-Level Condo Townhouse At Unit 38, 901 Kennedy Road, In One Of Scarborough's Most Desirable Areas! Offering 798 Sq. Ft. Of Thoughtfully Designed Living Space, This Stunning 2-Bedroom, 1-Bathroom Home Has Been Renovated From Top To Bottom And Features An Open-Concept Layout, Durable Laminate Flooring Throughout, 9-Foot Ceilings, And POT Lights. The Modern Kitchen Boasts Sleek Quartz Countertops, A Backsplash, Refinished Cabinetry, And Stainless Steel Appliances. The Bright And Inviting Living Area Features Large Windows And Offers The Perfect Space To Relax Or Entertain. The Spacious Primary Bedroom Includes A Large Walk-In Closet, While The Second Bedroom Is Ideal For Guests, A Home Office, Or A Recreation Room. An Updated Bathroom, Convenient Ensuite Laundry, Owned Furnace, And A Private Terrace Add To The Home's Comfort And Appeal. Enjoy The Added Convenience Of One Parking Space And Two Separate Entrances. Ideally Located With A Bus Stop Right At The Entrance And Kennedy Station Approximately A 22-Minute Walk Away, This Home Is Also Just Steps From Jack Goodlad Park And Minutes From Schools, Grocery Stores, Shoppers Drug Mart, GoodLife Fitness, Restaurants, Cafés, And Other Everyday Amenities. A Perfect Blend Of Modern Style, Comfort, And Convenience-An Excellent Opportunity For First-Time Buyers, Downsizers, Or Investors Alike! (id:66096)

Property Details

MLS®: E14121740
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport
Condo Fee: $465/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,164/yr
Listed: 8 days ago

Rooms

Ground level

Living room: 3.9 x 3.6 meters
Dining room: 3.9 x 3.6 meters
Kitchen: 2.6 x 2.7 meters
Bedroom 2: 2.4 x 2.7 meters
Primary Bedroom: 3.9 x 3.07 meters

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

Features

Flooring: Laminate
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Ionview) listings, avg age

81d

Price / ft²

$667

List price

$500K

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 2-bed single family in Toronto (Ionview) has been listed for 8 days, which is 73 days fresher than the city average of 81. Act while there is still low competition.

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Listed by THE CANADIAN HOME REALTY INC. · MANOJ KARATHA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $499,900, about 6.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 35% 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)

$499,900· $667/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$180/mo

Condo fee$465/mo

Total monthly$3,278

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$12,946

Est. closing costs$4,000

Total cash needed$41,941

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