$388,000

For sale

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#1607 20 Meadowglen Place, Toronto (Woburn) - Single Family for Sale

#1607 20 Meadowglen Place, Toronto (Woburn), Ontario, M1H2Y5

2 beds1 bath1 parking ft²

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Investment analysis

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$388,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $388,000, it is attractively priced about 15% below the $454,900 median asking price in Toronto. It has been on the market 9 days, fresher than the Toronto average of 62 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome to Meadowglen Place! This beautifully upgraded one-bedroom plus den condo offers 575 square feet of thoughtfully designed living space. The functional, open-concept layout is complemented by stylish finishes and a private balcony-perfect for relaxing or enjoying your morning coffee.Ideally located, this inviting residence delivers the perfect blend of comfort, style, and convenience. Residents also enjoy an impressive selection of amenities, including a fully equipped fitness centre, swimming pool, rooftop terrace, BBQ areas, and much more. (id:66096)

Property Details

MLS®: E14118690
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
Condo Fee: $468/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $1,779.64/yr
Listed: 9 days ago

Market Timing

Days on market

Toronto (Woburn) listings, avg age

62d

Price / ft²

$706

List price

$388K

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 (M1H)

This home lists at $388,000, about 4.8× the local median household income of $80,000.

Carrying it typically needs a household income of about $75,790 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$388,000· $706/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,400

Min 5%50%

Mortgage payment$2,044/mo

↳ CMHC premium ($14,744 capitalized)

Property tax (est.)$148/mo

Condo fee$468/mo

Total monthly$2,660

Cash Needed to Close

Down payment (5%)$19,400

Land transfer tax$8,590

Est. closing costs$3,664

Total cash needed$31,654

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

#1607 20 Meadowglen Place, Toronto (Woburn) - Single Family for Sale

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Description

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Neighbourhood profile (M1H)

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