$499,999

For sale

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#1308 220 Victoria Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#1308 220 Victoria Street, Toronto (Church-Yonge Corridor), Ontario, M5B2R6

1 bed1 bath1 parking ft²

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Investment analysis

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$499,999

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $499,999, it is attractively priced about 15% below the $588,000 median asking price in Toronto. It has been on the market 56 days, fresher than the Toronto average of 63 days.

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

Description

Yonge & Dundas In The Heart Of Downtown & Financial District, 1 Bedroom. 1 Owned Parking & 1 Locker, Island Granite Counter, Breakfast Bar, Large 19'.6'' X 5' Balcony, Roof Top Terrace, Party Rm, Walk To Dundas Square, Subway Station, Eaton Centre, Ryerson & University Of Toronto, George Brown College, Entertainment & Dining, Cannon Theatre, Massey Hall, Path 5 Mins Away, Utilities Included In Maintenance Fees. Look At Value Of The Unit With Parking & Locker Incl In The Price. (id:66096)

Property Details

MLS®: C13769316
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $731/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,211.76/yr
Listed: 56 days ago

Market Timing

Days on market

56d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$910

List price

$500K

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 (M5B)

This home lists at $499,999, about 8.6× the local median household income of $58,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 68% above the area median.

Median household income: $58,000
Population: 17,422
Median age: 31.4
Owner / renter: 28% / 72%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5B)

$499,999· $910/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$184/mo

Condo fee$731/mo

Total monthly$3,549

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$12,950

Est. closing costs$4,000

Total cash needed$41,950

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

#1308 220 Victoria Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

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