$598,000

For saleJust listed

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#1201 28 Freeland Street, Toronto (Waterfront Communities) - Single Family for Sale

#1201 28 Freeland Street, Toronto (Waterfront Communities), Ontario, M5E0E3

2 beds1 bath parking

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Investment analysis

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$598,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $598,000, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 7 days, fresher than the Toronto average of 57 days.

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

Description

0-5 Years 1+1 Bedroom At Prestige One Yonge. In The Heart Of Dt Toronto. 9' Feet Smooth Ceiling With Delux Open Concept. Spacious Bedroom &Living Rm.Breathtaking Unobstructed Lakeview, Laminate Flooring Thru-Out, Large Balcony, Sliding Closet In Master Bed. Steps To Union Station, Gardiner Express, Financial And The Entertainment Districts, Restaurants, Supermarkets, Eaton Centre. Facilities With 24 Hrs Concierge. Community Center ; 3rd: Gym, Yoga, Spin Rm, Party Rm, Study/Business Centre; 4th: Outdoor Walking Track W Exercise Stations, Dog Run With Pet Wash Station; 7th: Lawn Bowling, Kids Play Area. (id:66096)

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$921

List price

$598K

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 (M5E)

This home lists at $598,000, about 6.1× the local median household income of $98,000.

Carrying it typically needs a household income of about $116,810 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$598,000· $921/ft²

For sale

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Full Cost Breakdown

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Down Payment5.82% · $34,800

Min 5.82%50%

Mortgage payment$3,122/mo

↳ CMHC premium ($22,528 capitalized)

Property tax (est.)$268/mo

Condo fee$455/mo

Total monthly$3,846

Cash Needed to Close

Down payment (5.82%)$34,800

Land transfer tax$16,870

Est. closing costs$4,294

Total cash needed$55,964

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

#1201 28 Freeland Street, Toronto (Waterfront Communities) - Single Family for Sale

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Description

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Neighbourhood profile (M5E)

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