$549,990

For sale

#1102 39 Parliament Street, Toronto (Waterfront Communities) - Single Family for Sale

#1102 39 Parliament Street, Toronto (Waterfront Communities), Ontario, M5A4R2

2 beds1 bath0 parking650 ft²$514/mo condo feeListed 23 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,990, it is attractively priced about 13% below the $629,900 median asking price in Toronto. It has been on the market 23 days, fresher than the Toronto average of 57 days.

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Description

Suite 1102 at Parliament Square is a bright 1-bedroom plus den in the heart of the Distillery District, a rare pocket of downtown Toronto where cobblestone streets, heritage brick, and modern living come together. At approximately 650 sq ft, this 11th-floor unit lives large with an open-concept living and dining area, floor-to-ceiling windows, and clear views of the CN Tower and city skyline. The kitchen features stainless steel appliances and a breakfast bar that works as easily for a quiet morning as it does for hosting friends. The study is a genuinely usable space - the quiet, dedicated spot for working from home that so many units this size are missing. The bedroom is a solid size with a large closet, and the southwest-facing balcony is the place to take in the skyline at the end of the day. Step outside and the Distillery District is your backyard - independent restaurants, cafes, art galleries, live theatre, boutique shops, and year-round events like the Christmas Market and Jazz Festival. The waterfront and trails are minutes away, TTC streetcars are at your door, and the Gardiner and DVP are moments away. This is downtown Toronto living with real character. (id:66096)

Property Details

MLS®: C14031414
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $514/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,363.32/yr
Listed: 23 days ago

Features

Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$847

List price

$550K

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 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · GARIMA NAGPAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $549,990, about 7.7× the local median household income of $71,000.

Carrying it typically needs a household income of about $107,432 (20% down, 25-yr amortization, stress-tested) — roughly 51% 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)

$549,990· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,999.00

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$197/mo

Condo fee$514/mo

Total monthly$3,594

Cash Needed to Close

Down payment (5.45%)$29,999

Land transfer tax$14,950

Est. closing costs$4,150

Total cash needed$49,099

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