$549,000

For sale

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#1115 18 parkview Avenue, Toronto (Willowdale East) - Single Family for Sale

#1115 18 parkview Avenue, Toronto (Willowdale East), Ontario, M2N7H7

1 bed1 bath1 parking ft²

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Investment analysis

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$549,000

Toronto

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Overview

This 1-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 8% below the $599,999 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 56 days.

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

Description

Location Location Location! Welcome to The Majestic II at 18 Parkview Ave, conveniently located right off Yonge Street. Steps away from Empress Subway Station. Restaurants, shopping, everything easily accessible. Driving? Not a problem, minutes away from highway 401, this 1+1 unit includes 1 parking spot and ample visitors parking for your guests. Large den can be used as a secondary bedroom, functional layout to easily fit your furniture. Maintenance fees includes ALL utilities (water and hydro) with gym, party room, library, roof top garden, and 24 hours security. Unit is 680 sq ft with 1 parking and 1 locker. (id:66096)

Property Details

MLS®: C14101154
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $677/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,516.78/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Toronto (Willowdale East) listings, avg age

56d

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.

Area context

Neighbourhood profile (M2N)

This home lists at $549,000, about 6.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$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.)$210/mo

Condo fee$677/mo

Total monthly$3,765

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

#1115 18 parkview Avenue, Toronto (Willowdale East) - Single Family for Sale

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Neighbourhood profile (M2N)

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