$525,000

For sale

#1404 500 St Clair Avenue West, Toronto (Humewood-Cedarvale) - Single Family for Sale

#1404 500 St Clair Avenue West, Toronto (Humewood-Cedarvale), Ontario, M6C1A8

1 bed1 bath1 parking550 ft²$626/mo condo feeListed 17 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $525,000, it is attractively priced about 30% below the $749,900 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 39 days.

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Description

Sophisticated Condo Living In The Heart Of South Forest Hill, Complete With The Added Convenience Of One Underground Parking Space. Offering A Total Of 603 Sq. Ft. Including The Balcony, This Contemporary One-Bedroom Residence Delivers An Exceptional Combination Of Style, Comfort, And Connectivity. Featuring Hardwood Flooring Throughout, A Rare Walk-In Closet, Custom Window Blinds, And A Well-Appointed Kitchen With Granite Countertops And A Custom Glass Backsplash. The Included Underground Parking Space Is A Valuable Added Benefit In This Highly Connected Midtown Location. Ideally Situated Just Steps From St. Clair West Subway Station, Loblaws And Shoppers Drug Mart. With Multiple Transit Options At Your Doorstep, And Surrounded By An Excellent Selection Of Dining, Shopping, And Everyday Amenities. With BBQs Permitted And Access To The Building's Impressive Amenities, This Is An Exceptional Opportunity To Enjoy Refined South Forest Hill Living With The Benefit Of Dedicated Parking. (id:66096)

Property Details

MLS®: C14097548
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
Fireplace: Yes
Condo Fee: $626/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,715/yr
Listed: 17 days ago

Rooms

Main level

Living room: 5.18 x 3.41 meters
Dining room: 5.18 x 3.41 meters
Kitchen: 2.43 x 2.43 meters
Primary Bedroom: 3.41 x 3.04 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: Tile, Hardwood
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Humewood-Cedarvale) listings, avg age

39d

Price / ft²

$955

List price

$525K

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 (Humewood-Cedarvale) has been listed for 17 days, which is 22 days fresher than the city average of 39. Act while there is still low competition.

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Listed by RE/MAX REALTRON BARRY COHEN HOMES INC. · TYLER COHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6C)

This home lists at $525,000, about 5.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income: $91,000
Population: 23,997
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6C)

$525,000· $955/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$226/mo

Condo fee$626/mo

Total monthly$3,610

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$13,950

Est. closing costs$4,075

Total cash needed$45,525

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