$825,000

For saleJust listed

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#1416 25 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

#1416 25 The Esplanade, Toronto (Waterfront Communities), Ontario, M5E1W5

1 bed2 baths parking

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#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

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$509K

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

2 bd1 ba750 ft²+$653/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$825,000

Toronto

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Description

Beautifully designe / renovated unit with generous sized principal rooms. Property was used by owner occasionally but not on a permanent basis.Wood floors throughout living dining. Very large solarium, can be used as a second bedroom, very bright with floor to ceiling windows. This oasis in the middle of downtown, St. Lawrence Market Neighbourhood is located 3 blocks from the Market, 2 minuts walk to Union Station, outdoor (and indoor) dining, restaurants Coffee houses and shopping. One block to Berczy Park, entertainment venues and quick axcess to major HWYs Unit can be sold with all contents (price of contents could be negotiated) (id:66096)

Property Details

MLS®: C14125504
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,015/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,488.1/yr
Listed: 7 days ago

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$750

List price

$825K

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 (M5E)

This home lists at $825,000, about 8.4× the local median household income of $98,000.

Carrying it typically needs a household income of about $161,151 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$825,000· $750/ft²

For sale

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Full Cost Breakdown

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Down Payment6.97% · $57,500.00

Min 6.97%50%

Mortgage payment$4,255/mo

↳ CMHC premium ($30,700 capitalized)

Property tax (est.)$374/mo

Condo fee$1,015/mo

Total monthly$5,645

Cash Needed to Close

Down payment (6.97%)$57,500

Land transfer tax$25,950

Est. closing costs$4,975

Total cash needed$88,425

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

#1416 25 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

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Description

Property Details

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Location

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Neighbourhood profile (M5E)

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