$745,900

For sale

#114 256 ROYAL YORK Road, Toronto (Mimico) - Single Family for Sale

#114 256 ROYAL YORK Road, Toronto (Mimico), Ontario, M8V1Y8

2 beds2 baths1 parking1,100 ft²$404/mo condo feeListed 36 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 36 days, fresher than the Toronto average of 58 days.

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Description

The Royal York! Prestigious Urban Towns Nestled in the heart of vibrant Mimico, steps to LAKE Ontario, Mimico GO Station & TTC, top rated schools, parks, major grocery stores, rec centres & Toronto Public library; surrounded by lively restaurants, bars, & cafes, easy access to Gardiner/QEW & HWY 427. Enjoy everything at your fingertips making commute in all directions a breeze. The perfect balance between work, live, & play! Presenting this young, corner stacked town offering 2 beds, 2 baths, over 1000sqft of LOW-maintenance single-level living space w/ parking. Calling all first-time home buyers & buyers looking to downsize! Bright naturally-lit foyer presents open-concept versatile layout. Large front living room ideal for family entertainment with an abundance of windows providing North & East exposure. *Hardwood flooring thru-out the common areas* Formal dining space precisely designed for buyers looking to host. Eat-in family style kitchen upgraded w/ tall custom cabinetry, quartz counters, SS appliances, Dedicated Walk-in pantry, & breakfast bar. Venture down the hall past the convenient ensuite laundry to the cozy Primary bed w/ walk-through closet into 3-pc hotel style ensuite & private patio balcony exhibiting peaceful views of the courtyard great for kids & pets alike. Spacious 2nd bedroom excellent for home office, childrens bedroom, guest accommodation & much more! RARE opportunity to purchase a spacious 2 bed townhouse in PRIME location. Must See! (id:66096)

Property Details

MLS®: W13848010
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $404/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,130.63/yr
Listed: 36 days ago

Rooms

Flat

Living room: 8.53 x 3.45 meters
Dining room: 8.53 x 3.45 meters
Primary Bedroom: 3.96 x 3.09 meters
Bedroom 2: 3.6 x 2.59 meters
Kitchen: 2.92 x 2.41 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, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$678

List price

$746K

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 (Mimico) has been listed for 36 days, which is 22 days fresher than the city average of 58. Act while there is still low competition.

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Listed by HOMELIFE/MIRACLE REALTY LTD · NEEL SARAIYA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $745,900, about 9.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $145,700 (20% down, 25-yr amortization, stress-tested) — roughly 84% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$745,900· $678/ft²

For sale

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Full Cost Breakdown

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Down Payment6.65% · $49,590

Min 6.65%50%

Mortgage payment$3,860/mo

↳ CMHC premium ($27,852 capitalized)

Property tax (est.)$261/mo

Condo fee$404/mo

Total monthly$4,526

Cash Needed to Close

Down payment (6.65%)$49,590

Land transfer tax$22,786

Est. closing costs$4,738

Total cash needed$77,114

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