$579,000

For sale

#1508 38 Grenville Street, Toronto (Bay Street Corridor) - Single Family for Sale

#1508 38 Grenville Street, Toronto (Bay Street Corridor), Ontario, M4Y1A5

3 beds1 bath1 parking650 ft²$701/mo condo feeListed 11 days ago

Overview

This 3-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $579,000, it is attractively priced about 15% below the $685,000 median asking price in Toronto. It has been on the market 11 days, fresher than the Toronto average of 60 days.

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Description

Bright & Spacious Northeast Corner 2+1 Unit At Murano Condos, Offering 600+ Sq. Ft. Plus A Large Balcony With Skyline Views. Floor-To-Ceiling Windows Provide Abundant Natural Light And Privacy. Features Fresh Paint, Laminate Flooring, Smooth Ceilings, Modern Kitchen With Granite Countertops & Stainless Steel Appliances, Window In Second Bedroom, And Separate Den With Sliding Door. Includes 1 Underground Parking & 1 Locker. Amenities Include 24-Hour Concierge, Gym, Indoor Pool, Party/Meeting Room, Guest Suites & Visitor Parking. Steps To Yonge St, U Of T, TMU, Queen's Park, Major Hospitals, Wellesley Subway, Eaton Centre, Yorkville, Shopping, Restaurants & Financial District. Ideal For First-Time Buyers, Professionals, Students' Parents & Investors. (id:66096)

Property Details

MLS®: C14115852
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $701/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,729.13/yr
Listed: 11 days ago

Rooms

Flat

Living room: 5.54 x 3.81 meters
Dining room: 5.54 x 3.81 meters
Kitchen: 2.3 x 2.3 meters
Primary Bedroom: 3.5 x 2.74 meters
Den: 2.68 x 2.32 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$891

List price

$579K

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 (Bay Street Corridor) has been listed for 11 days, which is 49 days fresher than the city average of 60. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · ERIC GUO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $579,000, about 9.3× the local median household income of $62,400.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$579,000· $891/ft²

For sale

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Full Cost Breakdown

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$311/mo

Condo fee$701/mo

Total monthly$4,039

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$16,110

Est. closing costs$4,237

Total cash needed$53,247

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