$385,000

For sale

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##510 4064 Lawrence Avenue East, Toronto (West Hill) - Single Family for Sale

##510 4064 Lawrence Avenue East, Toronto (West Hill), Ontario, M1E4V6

4 beds2 baths3 parking ft²

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Listed by RE/MAX WEST REALTY INC.

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For saleJust listed

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Investment analysis

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$385,000

Toronto

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Description

Well-maintained two-story townhouse offering excellent flexibility and income potential. The main floor features two bedrooms, a full washroom, in-suite washer/dryer, functional kitchen, and a large open balcony. The self-contained lower level with private entrance includes two bedrooms, a washroom, in-suite washer/dryer, open-concept living area. Additional income from three underground parking spaces rented at $100/month each and one large locker rented at $250/month. Ideal for investors or end-users seeking a mortgage helper while enjoying a spacious primary residence. (id:66096)

Property Details

MLS®: E13446982
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,700 ft²
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $1,877/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,418/yr
Listed: 142 days ago

Market Timing

Days on market

142d

Toronto (West Hill) listings, avg age

61d

Price / ft²

$227

List price

$385K

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 (M1E)

This home lists at $385,000, about 4.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $75,204 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$385,000· $227/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,250

Min 5%50%

Mortgage payment$2,028/mo

↳ CMHC premium ($14,630 capitalized)

Property tax (est.)$118/mo

Condo fee$1,877/mo

Total monthly$4,023

Cash Needed to Close

Down payment (5%)$19,250

Land transfer tax$8,500

Est. closing costs$3,655

Total cash needed$31,405

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

##510 4064 Lawrence Avenue East, Toronto (West Hill) - Single Family for Sale

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Description

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Neighbourhood profile (M1E)

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