$599,990

For sale

#1118 525 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1118 525 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V1M7

2 beds2 baths1 parking650 ft²$495/mo condo feeListed 13 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $599,990, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 13 days, fresher than the Toronto average of 57 days.

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Description

Bright, Spacious 1+Den condo featuring 2 full washrooms, 1 parking space, and a locker in the heart of sought-after King West. Enjoy breathtaking, unobstructed views of the Toronto skyline from this well-designed unit. Perfectly situated just minutes from the Entertainment District, Fashion District, and Toronto's Financial District, this location offers exceptional convenience and vibrant city living. Step outside to an incredible selection of trendy restaurants, cafés, bars, boutique shopping, and exciting nightlife. Residents enjoy premium amenities, including a 24-hour concierge, fully equipped fitness centre, yoga studio, indoor pool, sauna, party room, theatre, guest suites, and more. Located in a well-established, professionally managed building with the added benefit of low maintenance fees, this is an outstanding opportunity for homeowners and investors alike (id:66096)

Property Details

MLS®: C14108922
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $495/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,978.64/yr
Listed: 13 days ago

Rooms

Flat

Living room: 3.25 x 2.77 meters
Dining room: 3.05 x 3.89 meters
Kitchen: 3.05 x 3.89 meters
Primary Bedroom: 2.93 x 3.63 meters
Den: 3.07 x 2.16 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, Dishwasher, Range, Dryer, Microwave, Cooktop, Blinds
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$924

List price

$600K

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) has been listed for 13 days, which is 44 days fresher than the city average of 57. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · JONATHAN TSUNG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $599,990, about 6.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $117,199 (20% down, 25-yr amortization, stress-tested) — roughly 29% 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)

$599,990· $924/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,999

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$248/mo

Condo fee$495/mo

Total monthly$3,875

Cash Needed to Close

Down payment (5.83%)$34,999

Land transfer tax$16,950

Est. closing costs$4,300

Total cash needed$56,249

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