$509,990

For sale

#1017 120 Varna Drive, Toronto (Englemount-Lawrence) - Single Family for Sale

#1017 120 Varna Drive, Toronto (Englemount-Lawrence), Ontario, M6A0B3

2 beds1 bath1 parking650 ft²$576/mo condo feeListed 9 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $509,990 asking price sits right in line with the $509,990 median in Toronto. It has been on the market 9 days, fresher than the Toronto average of 60 days.

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Description

Luxurious, sun-filled corner unit featuring 2 bedrooms, 1 bathroom, and an open balcony overlooking the CN Tower with southeast views. Enjoy a modern, open-concept kitchen with stainless steel appliances and a kitchen island. Premium building amenities include concierge and security services, a spacious gym, party room, BBQ area, garden patio, visitor parking, and guest suite.Just a 2-minute walk to Yorkdale Subway Station and a 7-minute walk to Yorkdale Shopping Centre, with easy access to Highway 401, restaurants, and everyday conveniences.Offering 604 sq. ft. of interior space plus a 96 sq. ft. balcony, this unit includes 1 parking space and 1 locker. With a low maintenance fee, it's an excellent opportunity for first-time buyers and investors. (id:66096)

Property Details

MLS®: C14123040
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $576/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,585.83/yr
Listed: 9 days ago

Rooms

Flat

Dining room: 6 x 4.1 meters
Living room: 6 x 4.1 meters
Kitchen: 6 x 4.1 meters
Primary Bedroom: 3 x 3 meters
Bedroom 2: 2.74 x 2.59 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, Dryer, Microwave, Hood Fan, Window Coverings, Garage door opener, Garage door opener remote(s)
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Englemount-Lawrence) listings, avg age

60d

Price / ft²

$785

List price

$510K

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 2-bed single family in Toronto (Englemount-Lawrence) has been listed for 9 days, which is 51 days fresher than the city average of 60. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · XIAO-MAN XU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6A)

This home lists at $509,990, about 7.0× the local median household income of $72,500.

Carrying it typically needs a household income of about $99,619 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $72,500
Population: 22,380
Median age: 37.6
Owner / renter: 41% / 60%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M6A)

$509,990· $785/ft²

For sale

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Full Cost Breakdown

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Down Payment5.10% · $25,999

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,360 capitalized)

Property tax (est.)$215/mo

Condo fee$576/mo

Total monthly$3,475

Cash Needed to Close

Down payment (5.10%)$25,999

Land transfer tax$13,350

Est. closing costs$4,030

Total cash needed$43,379

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