$394,999

For sale

#304 220 GORD CANNING Drive, Blue Mountains - Single Family for Sale

#304 220 GORD CANNING Drive, Blue Mountains, Ontario, L9Y0V9

1 bed1 bath1 parking650 ft²$1,015/mo condo feeListed 25 days ago

Overview

This 1-bedroom, 1-bathroom condo in Blue Mountains is for sale offering roughly 650 sq ft of space. It has been on the market 25 days, fresher than the Blue Mountains average of 92 days.

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Description

Experience luxurious four-season resort living at the prestigious Westin Trillium House in the heart of Blue Mountain Village. This beautifully appointed, fully furnished one-bedroom suite features a newly renovated bathroom and views of the Mill Pond in the Village. Enjoy the comfort of a private balcony, gas fireplace, kitchenette, dining area, ensuite bathroom with glass-enclosed shower, and pull-out sofa for additional sleeping accommodations. Ideally situated for ski-in/ski-out convenience, this exceptional property offers an impressive collection of resort amenities, including a year-round heated outdoor swimming pool, two outdoor hot tubs, fitness centre, saunas, children's playroom and conference centre. Owners also enjoy exclusive use of a dedicated ski locker, additional ensuite storage, one heated underground unassigned parking space while personally occupying the suite, and convenient valet parking. Indulge in exceptional dining at Oliver & Bonacini and the Lobby Bar, or take advantage of room service delivered right to your suite. For added flexibility, owners have the option of participating in the fully managed rental program, providing an opportunity to generate rental income while still enjoying generous personal use. With the Village's shops, restaurants, entertainment and year-round outdoor activities just steps away, this is an outstanding opportunity to own a luxurious mountain retreat in one of Blue Mountain's most desirable locations. HST may apply or deferred for HST registrant if participate in the rental program. A 2%+HST of purchase price to Village Association Entry Fee is due on closing, annual VA fees approx. $1.16+HST/Sq Ft will apply quarterly. (id:66096)

Property Details

MLS®: X13885166
Property Type: Single Family
Zoning: R2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $1,015/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Living room: 5.48 x 4.26 meters
Kitchen: 3.04 x 1.21 meters
Primary Bedroom: 4.26 x 3.04 meters
Bathroom: 2.74 x 2.74 meters

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

Features

Foundation: Concrete
Exterior: Wood, Stone
Lot Features: Balcony, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Blue Mountains listings, avg age

92d

Price / ft²

$608

List price

$395K

Homes here sell slower than most markets

Sold homes in this market spent an average of 67 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 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Blue Mountains has been listed for 25 days, which is 67 days fresher than the city average of 92. Act while there is still low competition.

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Listed by Engel & Volkers Toronto Central · KAREN SARAH PETLEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9Y)

This home lists at $394,999, about 4.6× the local median household income of $85,000.

Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $85,000
Population: 28,925
Median age: 52
Owner / renter: 75% / 25%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L9Y)

$394,999· $608/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,749.95

Min 5%50%

Mortgage payment$2,080/mo

↳ CMHC premium ($15,010 capitalized)

Property tax (est.)$182/mo

Condo fee$1,015/mo

Total monthly$3,278

Cash Needed to Close

Down payment (5%)$19,750

Land transfer tax$4,400

Est. closing costs$3,685

Total cash needed$27,835

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