$549,000

For sale

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1 bd1 ba550 ft²+$415/mo

Listed by CENTURY 21 LEADING EDGE REALTY INC.

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#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

3 bd2 ba1 pk1,100 ft²+$909/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$549,000

Toronto

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#1103 87 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#1103 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V0P1

2 beds1 bath0 parking650 ft²$540/mo condo feeListed 67 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,000, it is attractively priced about 13% below the $629,900 median asking price in Toronto.

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Description

Welcome to Suite 1103 at 87 Peter Street, a bright and thoughtfully designed 2 bedroom, 1 bathroom condo in the heart of Toronto's Entertainment District. This southwest facing suite features a functional open concept layout with floor to ceiling windows, wide plank flooring, and modern finishes throughout. The spacious living and dining areas flow seamlessly into the contemporary kitchen, creating a comfortable and versatile space for both everyday living and entertaining. Both bedrooms offer comfortable proportions and flexible space for a home office, guest room, or additional living area. The suite also includes a full sized bathroom and convenient stacked ensuite laundry. Built by Menkes, the building offers an excellent selection of amenities including a fitness centre, party room, concierge service, and a pet spa on the main floor. Enjoy an exceptional downtown location just steps from King West, Queen West, TTC, Rogers Centre, TIFF, Roy Thomson Hall, the Princess of Wales Theatre, restaurants, cafes, nightlife, and the Financial District. With convenient access to public transit and the subway, getting around the city is effortless. Experience modern downtown living in the heart of Toronto's Entertainment District at 87 Peter Street. (id:66096)

Property Details

MLS®: C13726796
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $540/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,670.25/yr
Listed: 67 days ago

Rooms

Flat

Living room: 5.44 x 2.62 meters
Dining room: 5.44 x 2.62 meters
Kitchen: 5.44 x 2.62 meters
Primary Bedroom: 3.2 x 2.74 meters
Bedroom 2: 3.2 x 2.62 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, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

67d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$845

List price

$549K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE FRONTIER REALTY INC. · YOUNG WOO SON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $549,000, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$549,000· $845/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$223/mo

Condo fee$540/mo

Total monthly$3,641

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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