$450,000

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#1108 238 Albion Road, Toronto (Elms-Old Rexdale) - Single Family for Sale

#1108 238 Albion Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A7

3 beds2 baths parking

#1512 234 Albion Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A5

2 bd1 ba1 pk1,100 ft²+$1091/mo

Listed by RE/MAX WEST REALTY INC.

#1507 238 ALBION Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A7

For sale

20 days ago

$380K

#1507 238 ALBION Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A7

2 bd1 ba1 pk950 ft²+$924/mo

#607 238 Albion Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A7

2 bd1 ba1 pk1,100 ft²+$924/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

#604 236 Albion Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A6

For sale

35 days ago

$430K

#604 236 Albion Road, Toronto (Elms-Old Rexdale), Ontario, M9W6A6

3 bd2 ba1 pk1,100 ft²+$977/mo

Listed by META REALTY INC.

Investment analysis

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$450,000

Toronto

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Description

Recently Renovated Semi Open Concept Spacious Condo With Views Of Golf Course. Upgraded Kitchen Which Overlooks The Dining and Living Room. Large Primary Bedroom With Walk In Closet and 2 Piece Ensuite Washroom. Minutes To Highway 401 And Steps To The TTC. 2 Good Sized Bedroom, Storage and Laundry. 1 Underground Parking Space. (id:66096)

Property Details

MLS®: W14129816
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,081/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $901.5/yr
Listed: 6 days ago

Market Timing

Days on market

Toronto (Elms-Old Rexdale) listings, avg age

63d

Price / ft²

$409

List price

$450K

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 (M9W)

This home lists at $450,000, about 5.3× the local median household income of $85,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $85,000
Population: 40,977
Median age: 38.8
Owner / renter: 58% / 42%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA M9W)

$450,000· $409/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,500

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$75/mo

Condo fee$1,081/mo

Total monthly$3,526

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$10,950

Est. closing costs$3,850

Total cash needed$37,300

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

#1108 238 Albion Road, Toronto (Elms-Old Rexdale) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M9W)

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