$497,000

For sale

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#1012 25 Telegram Mews, Toronto (Waterfront Communities) - Single Family for Sale

#1012 25 Telegram Mews, Toronto (Waterfront Communities), Ontario, M5V3Z1

2 beds1 bath0 parking ft²

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Investment analysis

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$497,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $497,000, it is attractively priced about 21% below the $629,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 58 days.

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

Description

North-West Corner 1+1 Montage Cityplace Luxury Condo. Open Concept Kitchen & Living Room, Large Windows. Well Managed and Amenities Include: Indoor Pool, Gym, Party Room, Outdoor Lounge, BBQ areas, Guest Bedroom.. Close T.T.C, Lakeshore, C.N.E., Q.E.W, D.V.P, Gardiner Expressway exits, Steps to Tim Horton, Library, Canoe Landing Park, Restaurants, Bars, Major Banks, Schools, Sobey Grocery, C.N. Tower, Rogers Centre, Aquarium, Financial District, Scotiabank Arena & Union Station, Bentway (Skate) Trail, 8.5 Acre Park, The Well, Waterfront/Harbourfront, Supermarkets At Your Doorstep... (id:66096)

Property Details

MLS®: C14101028
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $361/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,217.53/yr
Listed: 17 days ago

Market Timing

Days on market

17d

Toronto (Waterfront Communities) listings, avg age

58d

Price / ft²

$904

List price

$497K

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 (M5V)

This home lists at $497,000, about 5.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $97,081 (20% down, 25-yr amortization, stress-tested) — roughly 7% 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)

$497,000· $904/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,850

Min 5%50%

Mortgage payment$2,618/mo

↳ CMHC premium ($18,886 capitalized)

Property tax (est.)$185/mo

Condo fee$361/mo

Total monthly$3,164

Cash Needed to Close

Down payment (5%)$24,850

Land transfer tax$12,830

Est. closing costs$3,991

Total cash needed$41,671

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

#1012 25 Telegram Mews, Toronto (Waterfront Communities) - Single Family for Sale

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