$359,900

For sale

#1006 20 Richardson Street, Toronto (Waterfront Communities) - Single Family for Sale

#1006 20 Richardson Street, Toronto (Waterfront Communities), Ontario, M5A0S6

1 bed2 baths0 parking250 ft²$385/mo condo feeListed 42 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. It has been on the market 42 days, fresher than the Toronto average of 57 days.

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Description

The Daniels-built "Lighthouse East" - One of Toronto's premier downtown addresses. This thoughtfully designed and very efficient Junior 1BR suite with modern finishes maximizes every square foot while providing an abundance of natural light and contemporary urban style. Residents enjoy access to a very impressive collection of resort-style amenities including a fully equipped fitness center, yoga studio, theatre room, party and social lounges, BBQ terrace, tennis and basketball facilities, 24 hour concierge and more! In this rapidly developing neighborhood, you're steps from the St Lawrence Market, The Distillery District, The Financial District, Scotiabank Arena, The Waterfront Trail, Cherry Beach & Harbourfront attractions. Education and employment opportunities are unmatched at this prime location; George Brown's waterfront campus is right downstairs while the St James campus is also easily accessible. Many convenient transit connections to U of T, Toronto Metropolitan University & OCAD University make this a unique opportunity for students, educators & healthcare professionals. An absolutely ideal option for first-time buyers, investors, young professionals or those seeking a sophisticated pied-a-terre in one of Toronto's most desirable communities. (id:66096)

Property Details

MLS®: C13822922
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 2
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $385/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,081/yr
Listed: 42 days ago

Features

Appliances: Window Coverings
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,442

List price

$360K

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 1-bed single family in Toronto (Waterfront Communities) has been listed for 42 days, which is 15 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MATT TICKNOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $359,900, about 5.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$359,900· $1,442/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,995

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,676 capitalized)

Property tax (est.)$173/mo

Condo fee$385/mo

Total monthly$2,454

Cash Needed to Close

Down payment (5%)$17,995

Land transfer tax$7,747

Est. closing costs$3,580

Total cash needed$29,322

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