$319,000

For sale

#1111 50 Lotherton Pathway, Toronto (Yorkdale-Glen Park) - Single Family for Sale

#1111 50 Lotherton Pathway, Toronto (Yorkdale-Glen Park), Ontario, M6B2G8

2 beds1 bath1 parking650 ft²$688/mo condo feeListed 32 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $319,000, it is attractively priced about 36% below the $498,000 median asking price in Toronto. It has been on the market 32 days, fresher than the Toronto average of 72 days.

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Description

Affordable 2-bedroom condo with 1 underground parking, ensuite laundry and balcony. Low maintenance fees ($688.28 per month, includes all utilities). Property taxes are only $1,066.56 per year. Same owners for 20+ years. Good opportunity for first time buyers to purchase in a high demand area of North York. The building offers amenities like, spacious playground, tennis court, basketball court. Easy access to Hwy 401, 400, Black Creek & Allen Rd. 15 minutes to Pearson Airport and minutes to Lawrence West subway. Walking distance to Yorkdale Mall, Costco and major hospitals. Building is currently being renovated. All balconies are being restored. (id:66096)

Property Details

MLS®: W13858702
Property Type: Single Family
Zoning: RM6
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Garage, Underground
Condo Fee: $688/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,066.56/yr
Listed: 32 days ago

Rooms

Flat

Living room: 2.55 x 3.33 meters
Dining room: 3.33 x 2.55 meters
Kitchen: 2.26 x 2.25 meters
Primary Bedroom: 3.83 x 2.75 meters
Bedroom 2: 3.74 x 2.25 meters
Laundry room: 1.61 x 0.61 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, Stove, Furniture
Flooring: Parquet, Ceramic, Vinyl
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Toronto (Yorkdale-Glen Park) listings, avg age

72d

Price / ft²

$491

List price

$319K

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 (Yorkdale-Glen Park) has been listed for 32 days, which is 40 days fresher than the city average of 72. Act while there is still low competition.

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Listed by INTERNATIONAL REALTY FIRM, INC. · AGOSTINHO RIBEIRO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6B)

This home lists at $319,000, about 3.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $62,312 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 28,534
Median age: 42
Owner / renter: 50% / 50%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M6B)

$319,000· $491/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,950

Min 5%50%

Mortgage payment$1,680/mo

↳ CMHC premium ($12,122 capitalized)

Property tax (est.)$89/mo

Condo fee$688/mo

Total monthly$2,457

Cash Needed to Close

Down payment (5%)$15,950

Land transfer tax$6,520

Est. closing costs$3,457

Total cash needed$25,927

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