$499,800

For sale

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#1113 108 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#1113 108 Peter Street, Toronto (Waterfront Communities), Ontario, M5V0W2

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Investment analysis

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$499,800

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $499,800, it is attractively priced about 21% below the $629,900 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

An impressive, contemporary one-bedroom condo blending elegance with absolute functionality. This inviting suite features a spacious layout and design highlighted with an abundance of natural light, sleek laminate floors, ample size closet, an in-suite stacked washer & dryer, a modern washroom and a walk-out to a private balcony. The gourmet chef's kitchen boasts designer cabinetry, an under-mount kitchen sink, a countertop stove, fridge, microwave, and a built-in dishwasher. Located in a premier building with an inviting lobby and concierge service. Residents enjoy an inspired selection of amenities such as a fitness centre, yoga studio, co-working & recreational room, game room, party room, business centre, a resort-style rooftop deck featuring a pool with cabanas, a lounge tanning deck and more. Situated in an easy-access location in close proximity to world-class theatres, premier shopping, dining, entertainment, restaurants, parks & lifestyles, transportation and many other support amenities. (id:66096)

Property Details

MLS®: C14084070
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $311/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,562.82/yr
Listed: 21 days ago

Market Timing

Days on market

21d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$2,003

List price

$500K

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 (M5V)

This home lists at $499,800, about 5.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $97,628 (20% down, 25-yr amortization, stress-tested) — roughly 7% 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)

$499,800· $2,003/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,990

Min 5%50%

Mortgage payment$2,632/mo

↳ CMHC premium ($18,992 capitalized)

Property tax (est.)$214/mo

Condo fee$311/mo

Total monthly$3,157

Cash Needed to Close

Down payment (5%)$24,990

Land transfer tax$12,942

Est. closing costs$3,999

Total cash needed$41,931

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

#1113 108 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

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