$468,000

For saleJust listed

#1513 8 Mondeo Drive, Toronto (Dorset Park) - Single Family for Sale

#1513 8 Mondeo Drive, Toronto (Dorset Park), Ontario, M1P5C7

2 beds1 bath1 parking650 ft²$525/mo condo feeListed Yesterday

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $468,000, it is attractively priced about 15% below the $549,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 65 days.

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Description

Welcome to Suite 1513 at 8 Mondeo Drive, a freshly updated one bedroom plus den condo offering approximately 653 square feet of comfortable living space in Dorset Park. Newly installed laminate flooring and fresh paint create a clean, inviting setting, while the open concept living and dining area provides flexibility for everyday living and entertaining. Enjoy panoramic views from this fifteenth floor suite and step onto your private open balcony for a breath of fresh air. The separate den offers space for a home office or reading nook. Mirrored closets in the bedroom and foyer add everyday convenience, and ensuite laundry makes daily routines easy. One owned underground parking space is included. Monthly maintenance fees cover heat, hydro, water, parking, building insurance and common elements, helping simplify your household budget. Residents enjoy an impressive selection of amenities, including 24 hour security, a basketball court, movie theatre and virtual golf. Conveniently located near TTC transit, shopping, schools, medical centres and parks, with access to Highways 401 and 404. An appealing opportunity for first time buyers, downsizers or investors seeking a functional layout and convenient location. Vacant and ready for immediate possession. Some photographs have been virtually staged to illustrate furnishing possibilities. (id:66096)

Property Details

MLS®: E14145006
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 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: $525/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,840/yr
Listed: Yesterday

Rooms

Flat

Living room: 6.1 x 3.35 meters
Dining room: 6.1 x 3.35 meters
Kitchen: 2.74 x 2.43 meters
Primary Bedroom: 3.66 x 2.89 meters
Den: 2.13 x 1.98 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, Hood Fan
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Dorset Park) listings, avg age

65d

Price / ft²

$721

List price

$468K

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 2-bed single family in Toronto (Dorset Park) has been listed for 1 day, which is 64 days fresher than the city average of 65. Act while there is still low competition.

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Listed by NU STREAM REALTY (TORONTO) INC. · NOAH ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1P)

This home lists at $468,000, about 6.2× the local median household income of $76,000.

Carrying it typically needs a household income of about $91,417 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.

Median household income: $76,000
Population: 45,170
Median age: 39.6
Owner / renter: 59% / 41%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1P)

$468,000· $721/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,400

Min 5%50%

Mortgage payment$2,465/mo

↳ CMHC premium ($17,784 capitalized)

Property tax (est.)$153/mo

Condo fee$525/mo

Total monthly$3,143

Cash Needed to Close

Down payment (5%)$23,400

Land transfer tax$11,670

Est. closing costs$3,904

Total cash needed$38,974

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