$439,000

For sale

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#1603 400 Mclevin Avenue, Toronto (Malvern) - Single Family for Sale

#1603 400 Mclevin Avenue, Toronto (Malvern), Ontario, M1B5J4

2 beds2 baths2 parking ft²

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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.

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For saleJust listed

Today

$450K

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2 bd1 ba1 pk650 ft²+$342/mo

Listed by ALLIED INTERNATIONAL REALTY CANADA INC.

#14 70 Orchid Place Drive, Toronto (Malvern), Ontario, M1B0C4

For sale

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Listed by CENTURY 21 LEADING EDGE REALTY INC.

#103 5155 Sheppard Avenue East, Toronto (Malvern), Ontario, M1B0C8

For sale

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$470K

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2 bd1 ba1 pk650 ft²+$413/mo

Listed by M5V Elite Realty Group

Investment analysis

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$439,000

Toronto

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Description

Very spacious and large 2 bedroom, 2 bathroom corner unit condo in a gated community at Mayfair on the Green conveniently located close to all amenities, 401 etc, Approx 1312 sq ft, 2 large bedrooms (split bedroom layout), All laminate flooring throughout (no carpet), large open concept family/living area, eat in kitchen, large ensuite laundry room combined with storage space, nice and bright throughout, 2 Parking & locker included!, Recreational amenities include: 24 hours gated security access into the building, gym, pool, sauna, lots of visitor parking etc (id:66096)

Property Details

MLS®: E13709176
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $1,056/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,516/yr
Listed: 73 days ago

Market Timing

Days on market

73d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$338

List price

$439K

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 (M1B)

This home lists at $439,000, about 4.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $85,752 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$439,000· $338/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,950

Min 5%50%

Mortgage payment$2,312/mo

↳ CMHC premium ($16,682 capitalized)

Property tax (est.)$126/mo

Condo fee$1,056/mo

Total monthly$3,494

Cash Needed to Close

Down payment (5%)$21,950

Land transfer tax$10,510

Est. closing costs$3,817

Total cash needed$36,277

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

#1603 400 Mclevin Avenue, Toronto (Malvern) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Features

Market Timing

Location

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Neighbourhood profile (M1B)

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Full Cost Breakdown