$329,000

$349,900For salePrice drop↓ $20,900 (6%)

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#1003 5580 Sheppard Avenue East, Toronto (Malvern) - Single Family for Sale

#1003 5580 Sheppard Avenue East, Toronto (Malvern), Ontario, M1B2L3

2 beds1 bath parking

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For sale

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Listed by HOMELIFE/FUTURE REALTY INC.

Investment analysis

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$329,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $329,000, it is attractively priced about 31% below the $474,900 median asking price in Toronto. It has been on the market 54 days, fresher than the Toronto average of 61 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

*Welcome to 5580 Sheppard Ave E *Sought After Neighbourhood *Bright and Spacious Layout *Totally Renovated Modern White Kitchen & Bathroom, Featuring Quartz Counters and Updated Finishes *Premium Vinyl Flooring Throughout (No Carpet anywhere) *Freshly Painted *Unobstructed South and SouthWest Views *Ensuite Locker Featuring Lots of Storage and Cabinets *Low Maintenance Fee *1 Parking Included *Steps To TTC Transit and Conveniently Close to Grocery Shopping, Scarb Town Centre, Hwy 401 Access, U of T And Parks. Don't Miss This Opportunity To Move In and Enjoy! (id:66096)

Property Details

MLS®: E13773840
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $464/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $882.41/yr
Listed: 54 days ago

Market Timing

Days on market

54d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$507

List price

$329K

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 (M1B)

This home lists at $329,000, about 3.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $64,265 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$329,000· $507/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,450

Min 5%50%

Mortgage payment$1,733/mo

↳ CMHC premium ($12,502 capitalized)

Property tax (est.)$74/mo

Condo fee$464/mo

Total monthly$2,270

Cash Needed to Close

Down payment (5%)$16,450

Land transfer tax$6,820

Est. closing costs$3,487

Total cash needed$26,757

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

#1003 5580 Sheppard Avenue East, Toronto (Malvern) - Single Family for Sale

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Neighbourhood profile (M1B)

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