$549,000

For sale

#1205 501 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

#1205 501 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V1T4

2 beds1 bath0 parking650 ft²$561/mo condo feeListed 76 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,000, it is attractively priced about 13% below the $629,900 median asking price in Toronto.

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Description

Welcome to Kindly! Perched on the 12th floor in the heart of King West, this bright and thoughtfully laid-out 1+1 bedroom suite offers a smart use of space with a separate office/den that's perfect for working from home. The open-concept but separate kitchen, living and dining area features modern finishes, integrated appliances and floor-to-ceiling windows, while the spacious bedroom offers a large closet and plenty of natural light. The versatile den provides that increasingly hard-to-find bonus space without taking away from the main living area. Complete with ensuite laundry and an owned locker. Steps from some of the city's best restaurants, cafes, shops and nightlife, with TTC at your doorstep and everything King West has to offer just outside your door. All of this at Kingly - a beautifully designed, exceptionally well-run boutique building and one of King West's places to call home. (id:66096)

Property Details

MLS®: C13703706
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $561/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,759.83/yr
Listed: 76 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

76d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$845

List price

$549K

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 PSR · QUINN KIMIKO TSUJI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $549,000, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$549,000· $845/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$313/mo

Condo fee$561/mo

Total monthly$3,752

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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