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New6 days ago

7 Humberview Crescent

Weston, Toronto

$1,130,000

Detached|2 1/2 Storey
5 | 3 | 2
About this home

An incredible opportunity to restore this stately 1920s residence to its former glory! Tucked away on picturesque Humberview Crescent, one of Weston's most distinctive and rarely available enclaves, this substantial five-bedroom brick home sits on a generous 50 x 120 ft lot in an extraordinary setting overlooking the Humber River valley.Surrounded by mature trees, lush greenery and parkland, the cottage-like ravine setting offers a peaceful haven within the city. Situated on a quiet cul-de-sac, the property enjoys proximity to the Humber River walking trails, greenbelt and Weston Golf and Country Club.Built circa 1928, this grand old dame showcases the character, generous proportions and architectural presence of a bygone era. Spacious principal rooms, four second-floor bedrooms, a third-floor bedroom and a full-height basement with a separate entrance provide an exceptional foundation for a thoughtful restoration.Adding to its intrigue, the sellers report that the home may have been built by the builders of Toronto's iconic Maple Leaf Gardens and Eaton's College Street, a fascinating historical connection that has yet to be verified.Requiring significant renovation, this distinctive property presents a rare opportunity for a contractor, renovator or discerning buyer with the vision to restore its original grandeur.More than a renovation project, this is an opportunity to preserve and reimagine a piece of old Weston in one of the neighbourhood's most remarkable settings..In addition, this home also enjoys the benefits of nearby local amenities, shopping, resaturants and excellent transit including TTC, Go and Up Express. Minutes to the 401 and 400.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,774
Lot Size50 ft x 120 ft
mls© NumberW14087534
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,784
Property tax
$481
Heat allowance
$150
Housing costs
$6,415 / mo

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

Down payment20% · $226,000
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,755 / mo
Cash down
$226,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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