$549,900

For sale

#1006 4K Spadina Avenue, Toronto (Waterfront Communities) - Single Family for Sale

#1006 4K Spadina Avenue, Toronto (Waterfront Communities), Ontario, M5V3Y9

1 bed1 bath1 parking550 ft²$559/mo condo feeListed 20 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $549,900, it is attractively priced about 13% below the $629,900 median asking price in Toronto. It has been on the market 20 days, fresher than the Toronto average of 57 days.

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Description

Step into this tastefully and newly renovated 1-bedroom plus den suite in the heart of Downtown Toronto. Boasting a highly functional 585 sqft. layout, this stylish unit features a bright, open-concept living space framed by floor-to-ceiling windows that flood both the living room and bedroom with natural light. The brand-new, modern kitchen is fully equipped with pristine stainless steel appliances, while the versatile den provides the perfect dedicated footprint for a work-from-home setup. Retreat to the spacious bedroom, complete with a massive closet featuring built-in organizers, and unwind in the sleek, spa-like bathroom. A large private balcony seamlessly extends your living space outdoors. Unbeatable convenience awaits with a Sobeys grocery store located directly within the building. Enjoy a highly walkable lifestyle just steps from Union Station, the Financial District, and vibrant Queen St. West, with 1-minute access to the Gardiner Expressway for seamless commuting. Walk to Rogers Centre for a Blue Jays game or Harbourfront to enjoy the lake. Ideal for first time buyers and young professionals. (id:66096)

Property Details

MLS®: C14090238
Property Type: Single Family
Zoning: Single Family Residential
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $559/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,539.8/yr

Rooms

Flat

Living room: 2.87 x 5.77 meters
Dining room: 4.2 x 2.46 meters
Kitchen: 4.2 x 2.46 meters
Primary Bedroom: 2.72 x 3.2 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Microwave, Hood Fan, Window Coverings
Flooring: Laminate
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,001

List price

$550K

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 20 days, which is 37 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROMPTON REAL ESTATE SERVICES CORP. · DANIEL XIAO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $549,900, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 18% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$549,900· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$212/mo

Condo fee$559/mo

Total monthly$3,653

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$14,946

Est. closing costs$4,150

Total cash needed$49,086

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