$394,999

For saleJust listed

#14 70 Orchid Place Drive, Toronto (Malvern) - Single Family for Sale

#14 70 Orchid Place Drive, Toronto (Malvern), Ontario, M1B0C4

1 bed1 bath0 parking550 ft²$342/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $394,999, it is attractively priced about 17% below the $474,900 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 61 days.

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Description

Location truly sets this home apart. Bright and well-designed 1 bedroom corner townhouse in the Daniels First Home community, ideally located near Markham Rd & Sheppard Ave E. This sun filled unit features an open-concept living and dining area with large windows, a modern chef inspired kitchen with stainless steel appliances, and convenient ensuite laundry. The spacious bedroom offers a large closet and oversized window, providing plenty of natural light throughout. Enjoy your own private outdoor patio perfect for relaxing or entertaining. Situated in a highly convenient location within walking distance to TTC, library, grocery stores, restaurants, and everyday amenities. Close to schools, parks, playgrounds, community centre, and places of worship, with easy access to Hwy 401. Building amenities include a gym, exercise room, party room, and kids' play area. A great opportunity for first-time buyers, downsizers, or investors. (id:66096)

Property Details

MLS®: E14128946
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $342/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,058.65/yr
Listed: 6 days ago

Rooms

Main level

Living room: 3.56 x 3.35 meters
Dining room: 3.56 x 3.35 meters
Kitchen: 3.99 x 1.57 meters
Primary Bedroom: 3.28 x 3.25 meters
Laundry room

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, Hood Fan, Window Coverings
Flooring: Laminate, Carpeted
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Malvern) listings, avg age

61d

Price / ft²

$719

List price

$395K

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 1-bed single family in Toronto (Malvern) has been listed for 6 days, which is 55 days fresher than the city average of 61. Act while there is still low competition.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · MUSHTAQ SAYED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $394,999, about 4.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $77,157 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$394,999· $719/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,749.95

Min 5%50%

Mortgage payment$2,080/mo

↳ CMHC premium ($15,010 capitalized)

Property tax (est.)$172/mo

Condo fee$342/mo

Total monthly$2,594

Cash Needed to Close

Down payment (5%)$19,750

Land transfer tax$8,800

Est. closing costs$3,685

Total cash needed$32,235

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