$579,000

$599,000For salePrice drop↓ $20,000 (3%)

#1605 101 Erskine Avenue, Toronto (Mount Pleasant West) - Single Family for Sale

#1605 101 Erskine Avenue, Toronto (Mount Pleasant West), Ontario, M4P0C5

2 beds1 bath1 parking550 ft²$402/mo condo feeListed 34 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Its $579,000 asking price sits right in line with the $595,000 median in Toronto. It has been on the market 34 days, fresher than the Toronto average of 46 days.

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Description

Welcome to this Luxury Tridel-Built 1+1 condo offering 9 ft ceilings and a smart, functional layout. Featuring upgraded quartz countertops, backsplash, light fixtures, and a large balcony, this unit blends modern finishes with everyday comfort. Enjoy the convenience of 1 parking spot and 1 locker, located close together for easy access. Low maintenance fees compared to the surrounding area add even more value. Situated in the heart of midtown, just steps to transit (TTC Subway & LRT), retail, dining and more. A strong layout in a prime location for first-time buyers or investors! Building amenities include a 24-hour concierge, visitor parking, outdoor pool, gym, yoga studio, sauna, theatre, guest suites, and party room-offering a complete lifestyle right at home. (id:66096)

Property Details

MLS®: C13857898
Property Type: Single Family
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
Pool: Yes
Condo Fee: $402/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,310.45/yr
Listed: 34 days ago

Rooms

Main level

Kitchen: 12.99 x 8.63 meters
Bedroom: 9.09 x 10.86 meters
Dining room: 5.05 x 12.99 meters
Living room: 9.94 x 11.25 meters
Den: 5 x 4.3 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: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (Mount Pleasant West) listings, avg age

46d

Price / ft²

$1,054

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 2-bed single family in Toronto (Mount Pleasant West) has been listed for 34 days, which is 12 days fresher than the city average of 46. Act while there is still low competition.

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Listed by QUEENSWAY REAL ESTATE BROKERAGE INC. · Rosemary Pereira

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4P)

This home lists at $579,000, about 7.8× the local median household income of $74,500.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.

Median household income: $74,500
Population: 25,057
Median age: 36.8
Owner / renter: 26% / 75%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M4P)

$579,000· $1,054/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.)$276/mo

Condo fee$402/mo

Total monthly$3,705

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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