$608,000

For sale

#1117 425 Front Street East, Toronto (Waterfront Communities) - Single Family for Sale

#1117 425 Front Street East, Toronto (Waterfront Communities), Ontario, M5A0X2

2 beds2 baths0 parking650 ft²$483/mo condo feeListed 76 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $608,000 asking price sits right in line with the $629,900 median in Toronto.

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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 2 Bed 2 Bath + Media Unit is 681 SF of open concept living with 9 ceilings with a large 149 SF of 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 the 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 Extra. (id:66096)

Property Details

MLS®: C13702108
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $483/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,967/yr
Listed: 76 days ago

Rooms

Flat

Living room: 5.79 x 3.05 meters
Kitchen: 5.79 x 3.05 meters
Dining room: 5.79 x 3.05 meters
Media: 5.79 x 3.05 meters
Primary Bedroom: 3.1 x 2.64 meters
Bedroom 2: 2.95 x 2.31 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

76d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$936

List price

$608K

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 (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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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 $608,000, about 8.6× the local median household income of $71,000.

Carrying it typically needs a household income of about $118,764 (20% down, 25-yr amortization, stress-tested) — roughly 67% 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)

$608,000· $936/ft²

For sale

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Full Cost Breakdown

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Down Payment5.89% · $35,800

Min 5.89%50%

Mortgage payment$3,172/mo

↳ CMHC premium ($22,888 capitalized)

Property tax (est.)$331/mo

Condo fee$483/mo

Total monthly$3,986

Cash Needed to Close

Down payment (5.89%)$35,800

Land transfer tax$17,270

Est. closing costs$4,324

Total cash needed$57,394

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