$429,000

For sale

#1606 88 Grangeway Avenue, Toronto (Woburn) - Single Family for Sale

#1606 88 Grangeway Avenue, Toronto (Woburn), Ontario, M1H0A2

2 beds1 bath1 parking650 ft²$576/mo condo feeListed 62 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $429,000, it is attractively priced about 6% below the $454,900 median asking price in Toronto.

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Description

Altitude Condo Near Scarborough Town Centre! Bright and spacious 1+Den layout featuring 638 sq. ft. of living space, an unobstructed mid-floor view, floor-to-ceiling windows, and two walk-outs to a private balcony. Laminate flooring throughout the living/dining area, bedroom, and den. Conveniently located steps to the future subway extension, Scarborough Town Centre, grocery stores, shopping, restaurants, and all amenities. Includes 1 parking space and 1 locker. Exceptional building amenities include an indoor pool, whirlpool, saunas, gym, party room, billiards room, home theatre, and guest suites. A fantastic opportunity for first-time buyers, investors, or those seeking a modern and convenient urban lifestyle. (id:66096)

Property Details

MLS®: E13740654
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $576/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,071.74/yr
Listed: 62 days ago

Rooms

Flat

Living room: 5.49 x 3.05 meters
Dining room: 5.49 x 3.05 meters
Kitchen: 2.44 x 2.44 meters
Primary Bedroom: 4.15 x 3.05 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, Hood Fan, Blinds
Flooring: Laminate, Ceramic
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Toronto (Woburn) listings, avg age

61d

Price / ft²

$661

List price

$429K

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 (Woburn) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX ACE REALTY INC. · GANESH THANGARAJAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1H)

This home lists at $429,000, about 5.4× the local median household income of $80,000.

Carrying it typically needs a household income of about $83,799 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $80,000
Population: 23,964
Median age: 38.4
Owner / renter: 62% / 38%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1H)

$429,000· $661/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,450

Min 5%50%

Mortgage payment$2,260/mo

↳ CMHC premium ($16,302 capitalized)

Property tax (est.)$173/mo

Condo fee$576/mo

Total monthly$3,008

Cash Needed to Close

Down payment (5%)$21,450

Land transfer tax$10,110

Est. closing costs$3,787

Total cash needed$35,347

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