$479,000

For sale

#1008 425 Front Street East, Toronto (Waterfront Communities) - Single Family for Sale

#1008 425 Front Street East, Toronto (Waterfront Communities), Ontario, M5A0X2

1 bed1 bath0 parking250 ft²$405/mo condo feeListed 51 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $479,000, it is attractively priced about 24% below the $629,900 median asking price in Toronto. It has been on the market 51 days, fresher than the Toronto average of 57 days.

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Description

Spacious 1-bedroom plus den, 1-bathroom suite on the 10th floor with a bright south exposure, offering a thoughtfully designed open-concept layout, 9-foot ceilings, contemporary finishes, premium built-in appliances, no carpet, and an impressive 83 sq. ft. balcony perfect for enjoying the sunshine. Residents enjoy exceptional amenities including a fitness centre, yoga studio, party room, co-working spaces, outdoor terraces, and 24-hour concierge. Ideally located in the vibrant Canary District at the historic intersection of Front & Cherry Streets, you're steps to the YMCA, Distillery District, Corktown Common, waterfront trails, TTC, George Brown College, and St. Lawrence Market, with easy access to the DVP, Gardiner Expressway, and future transit connections including the Ontario Line, Corktown Station, and East Harbour Transit Hub. (id:66096)

Property Details

MLS®: C13792352
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $405/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,969.49/yr
Listed: 51 days ago

Features

Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,920

List price

$479K

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 51 days, which is 6 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE VISION REALTY · AMAR TAMBER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $479,000, about 6.7× the local median household income of $71,000.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — roughly 32% above 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)

$479,000· $1,920/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$247/mo

Condo fee$405/mo

Total monthly$3,175

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$12,110

Est. closing costs$3,937

Total cash needed$39,997

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