$489,000

For sale

#1601 51 East Liberty Street, Toronto (Niagara) - Single Family for Sale

#1601 51 East Liberty Street, Toronto (Niagara), Ontario, M6K3P8

1 bed2 baths0 parking550 ft²$385/mo condo feeListed 36 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $489,000, it is attractively priced about 22% below the $625,000 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 48 days.

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Description

Rarely offered 1 bedroom with 2 bathrooms in the heart of Liberty Village! This bright 16th floor suite offers 570 sq ft of interior living space, plus an additional 84 sq ft private balcony with sunny south-west views and beautiful sunsets. Smart layout with 9 ft ceilings, a 3 piece ensuite bath and a convenient 2 piece powder room for guests. Modern kitchen with European cabinetry, granite countertops, mosaic backsplash and stainless steel appliances. Locker included. Well managed Liberty Central building with 24 hr concierge, pool, fitness centre, yoga room, steam room, party room with kitchen and lounge, guest suite, outdoor BBQ terrace and more. Steps to the 24 hr Metro, cafes, restaurants, TTC, the waterfront trails, BMO Field and Exhibition Place, with quick access to the Gardiner and downtown core. Ideal for professionals, first time buyers and investors! Photos are from a previous listing and may not reflect current furnishings. (id:66096)

Property Details

MLS®: C13849112
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $385/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,647.23/yr
Listed: 36 days ago

Rooms

Flat

Living room: 6.74 x 3.47 meters
Dining room: 6.74 x 3.47 meters
Kitchen: 6.74 x 3.47 meters
Bedroom: 2.74 x 2.44 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, Hood Fan
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Niagara) listings, avg age

48d

Price / ft²

$890

List price

$489K

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 1-bed single family in Toronto (Niagara) has been listed for 36 days, which is 12 days fresher than the city average of 48. Act while there is still low competition.

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Listed by HOMELIFE FRONTIER REALTY INC. · SERGEI MENDELEV

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6K)

This home lists at $489,000, about 6.8× the local median household income of $72,000.

Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$489,000· $890/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,450

Min 5%50%

Mortgage payment$2,576/mo

↳ CMHC premium ($18,582 capitalized)

Property tax (est.)$221/mo

Condo fee$385/mo

Total monthly$3,181

Cash Needed to Close

Down payment (5%)$24,450

Land transfer tax$12,510

Est. closing costs$3,967

Total cash needed$40,927

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