$649,900

For saleJust listed

#1505 16 Yonge Street, Toronto (Waterfront Communities) - Single Family for Sale

#1505 16 Yonge Street, Toronto (Waterfront Communities), Ontario, M5E2A1

3 beds2 baths0 parking850 ft²$715/mo condo feeListed 6 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Its $649,900 asking price sits right in line with the $629,900 median in Toronto. It has been on the market 6 days, fresher than the Toronto average of 57 days.

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Description

Beautiful 2 bedroom + den, 2 bath residence on the 15th floor of Pinnacle Centre with north- facing views of the downtown Toronto skyline. The open-concept layout features a bright living/dining area, two bedrooms, a separate den ideal for a home office, and two full baths, plus in-suite laundry. Wake up to the Financial District towers framed in your window, walk to Union Station in 8 minutes, and reach the waterfront in a few minutes on foot. Finish the day at the Pinnacle Club - indoor pool, full gym, tennis, squash, theatre, party room, billiards and guest suites, all with 24-hour concierge. The PATH, Scotiabank Arena, St. Lawrence Market and the city's best restaurants are steps away, and the Gardiner is seconds from the building. This is downtown living done right. (id:66096)

Property Details

MLS®: C14134946
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $715/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,416/yr

Rooms

Flat

Primary Bedroom: 3.05 x 3.05 meters
Bedroom: 2.9 x 2.74 meters
Den: 2.29 x 2.13 meters
Living room: 5.49 x 3.05 meters
Kitchen: 2.26 x 2.51 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, Oven - Built-In, Blinds
Flooring: Tile, Hardwood, Carpeted
Exterior: Concrete
Lot Features: Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$765

List price

$650K

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 3-bed single family in Toronto (Waterfront Communities) has been listed for 6 days, which is 51 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CENTURY 21 GREEN REALTY INC. · SHOAIB TAREEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $649,900, about 6.6× the local median household income of $98,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 30% 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)

$649,900· $765/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$285/mo

Condo fee$715/mo

Total monthly$4,381

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$18,946

Est. closing costs$4,450

Total cash needed$63,386

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