$461,900

For saleJust listed

#1109 425 Front Street East, Toronto (Waterfront Communities) - Single Family for Sale

#1109 425 Front Street East, Toronto (Waterfront Communities), Ontario, M5A0X2

1 bed1 bath0 parking250 ft²$405/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $461,900, it is attractively priced about 27% below the $629,900 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 57 days.

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Description

Canary House is located in the heart of Toronto's Downtown East, Canary District. The building is designed with natural elements, sophisticated finishes and hotel inspired amenities. This brand new 1 Bed + Den, 1 Bath Unit is 491 SF of open concept living with an 83 SF Balcony. Located just minutes from the historic Distillery District, the 18-acre Corktown Common Park with 1,800 km of connected trails, the Cooper Koo Family YMCA, Lake Ontario, and Cherry Beach. TTC is at your doorstep allowing quick access to the city core and major highway access via thee DVP & Gardiner Expressway will take you any where else you might need to go. This unit has been virtually staged. Bulk Internet Fee $56.50 Per Month is showing as included in the Maintenance Fee. $348.59 Unit + $56.50 Bulk Internet = $405.09 (id:66096)

Property Details

MLS®: C14134204
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $405/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,969.49/yr
Listed: 6 days ago

Rooms

Flat

Living room: 6.05 x 2.44 meters
Kitchen: 6.05 x 2.44 meters
Primary Bedroom: 3.7 x 2.41 meters
Den: 1.85 x 2.49 meters

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

Features

Flooring: Laminate
Exterior: Steel, Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,851

List price

$462K

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 1-bed single family in Toronto (Waterfront Communities) has been listed for 6 days, which is 51 days fresher than the city average of 57. Act while there is still low competition.

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Listed by BAKER REAL ESTATE INCORPORATED · SHARON JULIA EDWARDS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $461,900, about 6.5× the local median household income of $71,000.

Carrying it typically needs a household income of about $90,225 (20% down, 25-yr amortization, stress-tested) — roughly 27% 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)

$461,900· $1,851/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,095

Min 5%50%

Mortgage payment$2,433/mo

↳ CMHC premium ($17,552 capitalized)

Property tax (est.)$247/mo

Condo fee$405/mo

Total monthly$3,085

Cash Needed to Close

Down payment (5%)$23,095

Land transfer tax$11,426

Est. closing costs$3,886

Total cash needed$38,407

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