$525,000

For sale

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#1007 330 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1007 330 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V1X2

1 bed1 bath0 parking ft²

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Listed by CENTURY 21 LEADING EDGE REALTY INC.

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$500K

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Listed by RE/MAX ESCARPMENT REALTY INC.

#3106 19 Grand Trunk Crescent, Toronto (Waterfront Communities), Ontario, M5J3A3

For saleJust listed

Today

$830K

#3106 19 Grand Trunk Crescent, Toronto (Waterfront Communities), Ontario, M5J3A3

2 bd2 ba1 pk850 ft²+$779/mo

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#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

For saleJust listed

Today

$1.07M

#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

3 bd2 ba1 pk1,100 ft²+$909/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$525,000

Toronto

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$568/mo condo fee

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $525,000, it is attractively priced about 17% below the $629,900 median asking price in Toronto. It has been on the market 48 days, fresher than the Toronto average of 57 days.

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

Description

Located in Toronto's vibrant Financial and Entertainment District, this suite offers an open-concept layout with a modern kitchen, floor-to-ceiling windows, a large balcony, and stunning city views. Residents enjoy premium amenities including a luxurious lobby, 24/7 concierge, security, gym, lounge areas, BBQ stations, rooftop terrace, outdoor heated pool, party, gaming and media rooms, and bike storage. With a perfect transit and walking score, this is an ideal downtown home or investment opportunity. (id:66096)

Property Details

MLS®: C13805624
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $568/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $2,946.47/yr
Listed: 48 days ago

Rooms

Ground level

Dining room: 6.7 x 4 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, Range, Oven, Dryer, Microwave, Cooktop
Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$955

List price

$525K

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 48 days, which is 9 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX SUCCESS REALTY · OSAMA ALGHUSSEIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $525,000, about 5.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 13% 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)

$525,000· $955/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$246/mo

Condo fee$568/mo

Total monthly$3,571

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$13,950

Est. closing costs$4,075

Total cash needed$45,525

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