$555,000

For sale

#1203 87 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#1203 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V0P1

2 beds1 bath0 parking650 ft²$511/mo condo feeListed 52 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $555,000, it is attractively priced about 12% below the $629,900 median asking price in Toronto. It has been on the market 52 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Suite 1203 at 87 Peter Street, a bright and efficiently designed 2-bedroom, 1-bath condo in the heart of Toronto's vibrant Entertainment District. Featuring a modern open-concept layout, this suite offers sleek finishes, wide-plank flooring, and floor-to-ceiling windows that fill the space with natural light and showcase city views.The contemporary kitchen flows seamlessly into the living and dining areas, creating a functional space ideal for everyday living and entertaining. Both bedrooms are well-proportioned, with flexibility for guests, a home office, or additional living space.A rare and highly convenient feature is the locker located on the same floor as the unit, offering easy everyday access. Residents enjoy premium amenities including a fitness centre, party room, concierge, and a pet spa on the main floor - perfect for pet owners.Steps to King West, Queen West, transit, dining, nightlife, and the Financial District , experience the best of downtown living. (id:66096)

Property Details

MLS®: C13785580
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $511/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,700.94/yr
Listed: 52 days ago

Rooms

Main level

Dining room: 3.4 x 2.4 meters
Primary Bedroom: 3.7 x 2.4 meters
Kitchen: 3.4 x 2.4 meters
Bedroom 2: 3.1 x 2.7 meters
Living room: 2.6 x 2.5 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, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$855

List price

$555K

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 52 days, which is 5 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MICHAEL CAMBER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $555,000, about 6.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $108,411 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$555,000· $855/ft²

For sale

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Full Cost Breakdown

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Down Payment5.50% · $30,500

Min 5.50%50%

Mortgage payment$2,908/mo

↳ CMHC premium ($20,980 capitalized)

Property tax (est.)$225/mo

Condo fee$511/mo

Total monthly$3,644

Cash Needed to Close

Down payment (5.50%)$30,500

Land transfer tax$15,150

Est. closing costs$4,165

Total cash needed$49,815

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