$370,000

For sale

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#108 701 Sheppard Avenue West, Toronto (Clanton Park) - Single Family for Sale

#108 701 Sheppard Avenue West, Toronto (Clanton Park), Ontario, M3H2S7

1 bed1 bath1 parking ft²

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Investment analysis

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$370,000

Toronto

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Description

Welcome To This Bright And Well-Maintained 1-Bed, 1-Bath Condo Located On The First Floor Of A Sought-After Building. Featuring Large Windows That Flood The Space With Natural Light And A Desirable Walk-Out Terrace,This Unit Offers The Perfect Blend Of Comfort And Convenience. The Well-Managed Building Boasts Excellent Amenities, Including A Gym, Party Room, And Guest Suites And More! Ideally Situated Just Minutes To Subway,TTC, Shopping Centres, Parks, And Highways, Making It Perfect For Commuters And City Living Alike. An Excellent Opportunity For Investors. (id:66096)

Property Details

MLS®: C13610118
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $519/mo
Fee Includes: Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,005.87/yr
Listed: 100 days ago

Market Timing

Days on market

100d

Toronto (Clanton Park) listings, avg age

65d

Price / ft²

$673

List price

$370K

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 (M3H)

This home lists at $370,000, about 4.0× the local median household income of $92,000.

Carrying it typically needs a household income of about $72,274 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $92,000
Population: 38,416
Median age: 40.8
Owner / renter: 54% / 46%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M3H)

$370,000· $673/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,500

Min 5%50%

Mortgage payment$1,949/mo

↳ CMHC premium ($14,060 capitalized)

Property tax (est.)$167/mo

Condo fee$519/mo

Total monthly$2,635

Cash Needed to Close

Down payment (5%)$18,500

Land transfer tax$8,050

Est. closing costs$3,610

Total cash needed$30,160

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

#108 701 Sheppard Avenue West, Toronto (Clanton Park) - Single Family for Sale

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Description

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Neighbourhood profile (M3H)

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