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New2 hours ago

7 Bannon Avenue

Kingsway South, Toronto

$3,095,000

Detached|2-Storey
4 | 3 | 5
About this home

A rare opportunity to own a beautifully renovated family residence in the heart of the highly coveted Kingsway. Set on an exceptional 50 x 120 ft. lot on one of the neighbourhood's quietest, most family-friendly streets, with ~3,000 sq. ft. of living space, this home delivers the space, privacy and lifestyle discerning families are looking for. Completely renovated in 2020, the home showcases a sophisticated open-concept design with generous principal rooms, 4 bedrooms and 3 bathrooms. The stunning primary retreat features a luxurious ensuite and an expansive walk-in closet, while thoughtfully designed built-in storage throughout the bedrooms keeps everyday living effortlessly organized. A beautifully appointed mudroom with heated floors, custom built-ins, ample storage and a separate entrance adds exceptional function and convenience. The finished basement further extends the home's living space with a brand-new oversized laundry room, large recreation room ideal for family movie nights, play space or entertaining, and a convenient bathroom rough-in offering future flexibility. Outside, the private backyard offers a peaceful retreat and plenty of room for children to play, while the quiet street invites the kind of carefree family living that is increasingly hard to find. The location is truly exceptional. Walk to the Kingsway's renowned shops, restaurants and cafes, Royal York and Old Mill subway stations, and highly regarded schools including Lambton Kingsway School, Our Lady of Sorrows Catholic School, ECI and Kingsway College Private School. Lambton-Kingsway Park is just steps away, offering an outdoor skating rink, community pool, tennis courts, baseball fields and extensive recreational amenities. A double-wide driveway provides parking for up to four vehicles, plus a garage. A sophisticated, move-in-ready home on a remarkable lot in one of Toronto's most sought-after family neighbourhoods.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$12,822
Lot Size50.12 ft x 120 ft
mls© NumberW13737042
Listed ByRE/MAX PROFESSIONALS INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$15,842
Property tax
$1,068
Heat allowance
$150
Housing costs
$17,060 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $619,000
25-yr amortization

Income needed

$525,000

gross annual household income

Payment at 4%
$13,024 / mo
Cash down
$619,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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