$564,900

For sale

#1020 525 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1020 525 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V0N7

2 beds1 bath1 parking650 ft²$453/mo condo feeListed 50 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $564,900, it is attractively priced about 10% below the $629,900 median asking price in Toronto. It has been on the market 50 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Musée Condos in the heart of King West and Toronto's Fashion District, an exceptional opportunity for both end-users and investors. This beautifully designed 1 BEDROOM + PLUS 1 DEN offers approx. 601 sq. ft. of bright, functional living space with an east-facing terrace, owned underground parking and an oversized owned locker, rare and valuable features in the downtown core. The open-concept layout features a sleek modern kitchen with quartz countertops, full-size stainless-steel appliances, built-in microwave and generous cabinetry, flowing seamlessly into the living area. The separate den provides valuable flexibility as a home office, study or guest space. Enjoy beautiful morning light from the east exposure without the intense late-day heat of west-facing suites. Step outside to acclaimed restaurants, cafés, boutique shopping, nightlife, transit and the Waterfront, with Rogers Centre, Scotiabank Arena and Toronto's top entertainment destinations minutes away. Near the future subway stop at King & Bathurst, the location also offers excellent long-term connectivity and appeal. Musée residents enjoy resort-inspired amenities including 24-hour concierge, fitness centre, outdoor pool, rooftop terrace, hot tubs, party room and guest suites. Tenant vacating; vacant possession available January 10, 2027. Move in and make King West your own, or secure a well-positioned downtown investment with the freedom to select your own tenant. *For Additional Property Details Click The Brochure Icon Below* (id:66096)

Property Details

MLS®: C13795142
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $453/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,769.99/yr
Listed: 50 days ago

Rooms

Main level

Foyer: 1.13 x 3.12 meters
Den: 2.09 x 1.99 meters
Family room: 2.9 x 2.58 meters
Kitchen: 2.57 x 5.46 meters
Bedroom: 2.6 x 3.06 meters

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

Features

Appliances: Washer, Range, Dryer, Microwave, Oven - Built-In, Window Coverings, Garage door opener remote(s)

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$870

List price

$565K

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 (Waterfront Communities) has been listed for 50 days, which is 7 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ICI SOURCE REAL ASSET SERVICES INC. · JAMES TASCA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $564,900, about 6.2× the local median household income of $91,000.

Carrying it typically needs a household income of about $110,345 (20% down, 25-yr amortization, stress-tested) — roughly 21% 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)

$564,900· $870/ft²

For sale

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Full Cost Breakdown

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Down Payment5.57% · $31,490.00

Min 5.57%50%

Mortgage payment$2,957/mo

↳ CMHC premium ($21,336 capitalized)

Property tax (est.)$231/mo

Condo fee$453/mo

Total monthly$3,641

Cash Needed to Close

Down payment (5.57%)$31,490

Land transfer tax$15,546

Est. closing costs$4,195

Total cash needed$51,231

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