$449,000

For sale

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#1505 20 Thomas Riley Road, Toronto (Islington-City Centre West) - Single Family for Sale

#1505 20 Thomas Riley Road, Toronto (Islington-City Centre West), Ontario, M9B1B3

2 beds1 bath1 parking ft²

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2 bd2 ba1 pk750 ft²+$817/mo

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Investment analysis

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$449,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $449,000, it is attractively priced about 13% below the $519,000 median asking price in Toronto. It has been on the market 28 days, fresher than the Toronto average of 56 days.

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

Description

**Location, Location** Beautiful, Spacious, Open Concept 1+1 Bedroom and large den at the Kip District. Den can be 2nd bedroom or home office. Laminate floors thru-out. Open Concept kitchen features a custom quartz kitchen island. Walk out to Balcony with Panoramic View of the Lake and City. 1 Underground Parking, 1 Locker, 24Hrs Concierge. Amazing amenities includes Gym, Party room, Theatre room, Pet washing station, Media Lounge, BBQ area, Guest Suites. Steps to Kipling subway station, Transit at doorsteps, Close to Hwy 427, 403, 401. Schools, Restaurants, Sherway Garden Shopping. (id:66096)

Property Details

MLS®: W13880556
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $520/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,140.79/yr
Listed: 28 days ago

Market Timing

Days on market

28d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$817

List price

$449K

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 (M9B)

This home lists at $449,000, about 4.2× the local median household income of $108,000.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$449,000· $817/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,450

Min 5%50%

Mortgage payment$2,365/mo

↳ CMHC premium ($17,062 capitalized)

Property tax (est.)$178/mo

Condo fee$520/mo

Total monthly$3,063

Cash Needed to Close

Down payment (5%)$22,450

Land transfer tax$10,910

Est. closing costs$3,847

Total cash needed$37,207

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

#1505 20 Thomas Riley Road, Toronto (Islington-City Centre West) - Single Family for Sale

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Description

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Neighbourhood profile (M9B)

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