$569,000

For sale

#1605 5 St Joseph Street, Toronto (Bay Street Corridor) - Single Family for Sale

#1605 5 St Joseph Street, Toronto (Bay Street Corridor), Ontario, M4Y0B6

2 beds2 baths0 parking650 ft²$575/mo condo feeListed 24 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $569,000, it is attractively priced about 17% below the $685,000 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 60 days.

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Description

Welcome To Sophisticated Downtown Living At Its Finest. Perched On A Highly Sought-After South-West Corner, This Exquisite 1 Bedroom + Den, 2 Washroom Residence At Five Condos Offers An Exceptional Combination Of Luxury, Comfort, And Breathtaking Views. Spanning 674 Sq. Ft., This Sun-Drenched Suite Is Framed By Expansive Floor-To-Ceiling Windows That Capture Stunning Panoramic City Skylines Vista. Thoughtfully Designed With Premium Finishes Throughout, The Open-Concept Layout Features Engineered Hardwood Flooring, 9-Foot Smooth Ceilings, A Chef-Inspired Kitchen With Integrated Full-Size Appliances, Stone Countertops, And A Stylish Built-In Island. The Spacious Den With Direct Balcony Access Provides The Perfect Space For A Private Home Office, Creative Studio, Or Elegant Retreat. Situated In One Of Toronto's Most Prestigious Urban Addresses At Yonge, Bloor, And Bay, Residents Enjoy Immediate Access To Yorkville's Luxury Boutiques, Award-Winning Restaurants, World-Class Entertainment, Renowned Hospitals, Universities, Subway Access, And Toronto's Finest Lifestyle Amenities. A Rare Opportunity To Own A Refined Residence In The Heart Of The City's Most Coveted Neighbourhood. (id:66096)

Property Details

MLS®: C14027566
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $575/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $3,560.32/yr
Listed: 24 days ago

Rooms

Flat

Living room: 5.48 x 4.59 meters
Dining room: 5.48 x 4.59 meters
Kitchen: 5.48 x 4.59 meters
Primary Bedroom: 3.48 x 2.49 meters
Den: 2.63 x 1.74 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, Oven, Dryer, Microwave
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$876

List price

$569K

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 (Bay Street Corridor) has been listed for 24 days, which is 36 days fresher than the city average of 60. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · SHAHAR KLUGMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $569,000, about 9.1× the local median household income of $62,400.

Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 78% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$569,000· $876/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,900.00

Min 5.61%50%

Mortgage payment$2,978/mo

↳ CMHC premium ($21,484 capitalized)

Property tax (est.)$297/mo

Condo fee$575/mo

Total monthly$3,849

Cash Needed to Close

Down payment (5.61%)$31,900

Land transfer tax$15,710

Est. closing costs$4,207

Total cash needed$51,817

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