$579,000

$590,000For salePrice drop↓ $11,000 (2%)

#42 50 Verne Crescent, Toronto (Malvern) - Single Family for Sale

#42 50 Verne Crescent, Toronto (Malvern), Ontario, M1B2X1

3 beds3 baths2 parking1,100 ft²$401/mo condo feeListed 30 days ago

Overview

This 3-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 61 days.

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Description

Welcome to this upgraded 3-bedroom, 3-bathroom condo townhouse offering a functional layout, comfortable living space, and added flexibility across multiple levels. The kitchen provides plenty of room for everyday living and features a walkout to the backyard, creating an easy connection to the outdoor space. Three well-sized bedrooms offer room for families, guests, or a home office. The finished basement adds valuable additional living space and offers excellent potential for extended family, a recreation area, or possible rental use. Ideally located close to the University of Toronto Scarborough, Centennial College, public transit, shopping, everyday amenities, and Highway 401. With its finished lower level, private outdoor space, and convenient location, this home represents excellent value and a great opportunity. (id:66096)

Property Details

MLS®: E13872630
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,100 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Garage
Condo Fee: $401/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,217/yr

Rooms

Main level

Living room: 6.56 x 2.99 meters
Kitchen: 3.28 x 2.5 meters
Dining room: 2.33 x 2.41 meters

Second level

Primary Bedroom: 3.09 x 4.6 meters
Bedroom: 4.26 x 2.99 meters
Bedroom: 4.27 x 2.5 meters

Basement

Recreational, Games room: 6.56 x 4.6 meters
Bathroom: 2.41 x 2.19 meters

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

Features

Flooring: Tile, Hardwood
Exterior: Stucco, Brick Facing

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$527

List price

$579K

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) has been listed for 30 days, which is 31 days fresher than the city average of 61. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · ROBERT GARY STORTINI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $579,000, about 6.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$579,000· $527/ft²

For sale

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Full Cost Breakdown

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$185/mo

Condo fee$401/mo

Total monthly$3,613

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$16,110

Est. closing costs$4,237

Total cash needed$53,247

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