$489,999

For sale

#1605 38 Dan Leckie Way, Toronto (Waterfront Communities) - Single Family for Sale

#1605 38 Dan Leckie Way, Toronto (Waterfront Communities), Ontario, M5V2V6

2 beds1 bath0 parking550 ft²$370/mo condo feeListed 24 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $489,999, it is attractively priced about 22% below the $629,900 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 57 days.

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Description

Golden hour hits different from the 16th floor. Enjoy sun-filled living at Panorama, with southwest exposure and an open balcony overlooking the lake. The layout makes sense: an efficient open-concept living and dining area, a separate den that works as a proper home office, and a comfortable bedroom with a double closet and semi-ensuite bath. An owned locker adds storage, while low monthly maintenance fees include heat and water, helping keep carrying costs down. Building amenities people actually use include a 24-hour concierge, gym, sauna, guest suites, and rooftop terrace with a hot tub and BBQs. The flagship Loblaws and LCBO are across the street, Canoe Landing Park is at your doorstep, and waterfront trails, King West, and transit are all within easy reach. (id:66096)

Property Details

MLS®: C14027418
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $370/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,317.28/yr
Listed: 24 days ago

Rooms

Main level

Living room: 4.55 x 2.59 meters
Kitchen: 4.14 x 2.77 meters
Den: 2.13 x 2.95 meters
Bedroom: 3.73 x 2.62 meters
Dining room: 4.55 x 2.59 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, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$892

List price

$490K

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 (Waterfront Communities) has been listed for 24 days, which is 33 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · DAVID RUBEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $489,999, about 5.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $95,714 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$489,999· $892/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,499.95

Min 5%50%

Mortgage payment$2,581/mo

↳ CMHC premium ($18,620 capitalized)

Property tax (est.)$193/mo

Condo fee$370/mo

Total monthly$3,144

Cash Needed to Close

Down payment (5%)$24,500

Land transfer tax$12,550

Est. closing costs$3,970

Total cash needed$41,020

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