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$399,000

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#91 140 Ling Road, Toronto (West Hill) - Single Family for Sale

#91 140 Ling Road, Toronto (West Hill), Ontario, M1E4V9

2 beds1 bath1 parking950 ft²$600/mo condo feeListed Yesterday

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $399,000, it is attractively priced about 9% below the $439,900 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 61 days.

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Description

Welcome to 140 Ling Road! An excellent opportunity for first-time home buyers looking to enter the market and enjoy the convenience of a comfortable, well-located home. This two-storey, end-unit condo offers a functional layout featuring 2 bedrooms and 1 bathroom, providing a practical living space for individuals, couples or small families. Enjoy the added benefit of a south-facing exposure, bringing natural light into the home, along with an open terrace that provides outdoor space to relax and enjoy a summer BBQ. Situated in the West Hill community of Scarborough, this family-friendly neighbourhood offers convenient access to everyday essentials, shopping, dining, recreation and public transit. (id:66096)

Property Details

MLS®: E14145516
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Storeys: 2
Basement: None
Heating: Radiant heat, Electric
Cooling: None
Garage: Garage, Underground
Condo Fee: $600/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,381.16/yr
Listed: Yesterday

Features

Appliances: Washer, Refrigerator, Stove, Range, Dryer, Window Coverings
Exterior: Brick, Aluminum siding
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (West Hill) listings, avg age

61d

Price / ft²

$420

List price

$399K

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 (West Hill) has been listed for 1 day, which is 60 days fresher than the city average of 61. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · GHADA FARAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1E)

This home lists at $399,000, about 4.9× the local median household income of $82,000.

Carrying it typically needs a household income of about $77,939 (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)

$399,000· $420/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$115/mo

Condo fee$600/mo

Total monthly$2,817

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$8,920

Est. closing costs$3,697

Total cash needed$32,567

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Open houses

#91 140 Ling Road, Toronto (West Hill) - Single Family for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M1E)

Book a showing

Full Cost Breakdown