$349,900

For sale

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#1412 25 Silver Springs Boulevard, Toronto (L'Amoreaux) - Single Family for Sale

#1412 25 Silver Springs Boulevard, Toronto (L'Amoreaux), Ontario, M1V1M9

1 bed1 bath1 parking ft²

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Listed by HC REALTY GROUP INC.

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Listed by HC REALTY GROUP INC.

Investment analysis

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$349,900

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $349,900, it is attractively priced about 40% below the $579,000 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 48 days.

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

Description

Welcome to 25 Silver Springs Blvd, located in the established L'Amoreaux community atBirchmount & Finch. This spacious 1-bedroom suite offers a functional layout with a generousopen-concept living and dining area, large windows providing plenty of natural light, aseparate galley-style kitchen, in-suite laundry, a full bathroom and excellent closet/storagespace. The unit presents a great opportunity for first-time buyers, downsizers, investors orrenovators looking to update and customize a home to their own taste. Situated in a matureresidential community with landscaped grounds and convenient access to transit, shopping, parksand everyday amenities. A great opportunity to add value and make it your own! (id:66096)

Market Timing

Days on market

42d

Toronto (L'Amoreaux) listings, avg age

48d

Price / ft²

$369

List price

$350K

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 (M1V)

This home lists at $349,900, about 4.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $68,348 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$349,900· $369/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,495

Min 5%50%

Mortgage payment$1,843/mo

↳ CMHC premium ($13,296 capitalized)

Property tax (est.)$135/mo

Condo fee$608/mo

Total monthly$2,586

Cash Needed to Close

Down payment (5%)$17,495

Land transfer tax$7,447

Est. closing costs$3,550

Total cash needed$28,492

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

#1412 25 Silver Springs Boulevard, Toronto (L'Amoreaux) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M1V)

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Full Cost Breakdown