$399,900

For sale

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#1115 8 Lee Centre Drive, Toronto (Woburn) - Single Family for Sale

#1115 8 Lee Centre Drive, Toronto (Woburn), Ontario, M1H3H8

1 bed1 bath1 parking ft²

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Investment analysis

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$399,900

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $399,900, it is attractively priced about 12% below the $454,900 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 61 days.

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

Description

Great Investment Opportunity with AAA Tenants!!! Immediate ROI with no Downtime. Prime Location, Very Bright Condo Unit with Unobstructed View, In-Suite Laundry, Brand New Stove, Dishwasher with 5 yrs Warranty. Newer Fridge, Washer Countertop, Sink. All Utilities included in Maintenance Fee. 24 hr Concierge with Indoor Pool, Gym, Badminton/Squash Room, Party Room and lots more... Includes Parking and Locker. Just off Hwy 401, Close to Shopping, Go Train, TTC, Schools, Colleges. (id:66096)

Property Details

MLS®: E13821498
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $648/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,433/yr
Listed: 42 days ago

Market Timing

Days on market

42d

Toronto (Woburn) listings, avg age

61d

Price / ft²

$728

List price

$400K

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 (M1H)

This home lists at $399,900, about 5.0× the local median household income of $80,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $80,000
Population: 23,964
Median age: 38.4
Owner / renter: 62% / 38%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1H)

$399,900· $728/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$119/mo

Condo fee$648/mo

Total monthly$2,873

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$8,947

Est. closing costs$3,700

Total cash needed$32,642

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

#1115 8 Lee Centre Drive, Toronto (Woburn) - Single Family for Sale

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