$490,000

For sale

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#1612 68 Grangeway Avenue, Toronto (Woburn) - Single Family for Sale

#1612 68 Grangeway Avenue, Toronto (Woburn), Ontario, M1H0A1

2 beds2 baths1 parking ft²

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Investment analysis

Rental cashflow calculator

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$490,000

Toronto

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Description

Beautiful unit in the heart of Scarborough, 2 bedrooms and 2 full bathrooms, open concept kitchen with a granite countertop and breakfast bar, stainless steel appliances, balcony facing westward towards the Toronto skyline and gorgeous sunsets. Walking distance to the Scarborough Town Center, grocery stores, public transit, highway 401, clinics and restaurants. It includes many amenities like bike storage, 24 hour concierge services, a gym, indoor pool, party room, meeting room, movie night room, billiard room, visitor parking (id:66096)

Property Details

MLS®: E14109488
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $860/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,255.9/yr
Listed: 13 days ago

Market Timing

Days on market

13d

Toronto (Woburn) listings, avg age

61d

Price / ft²

$577

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.

Area context

Neighbourhood profile (M1H)

This home lists at $490,000, about 6.1× the local median household income of $80,000.

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

$490,000· $577/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,500

Min 5%50%

Mortgage payment$2,581/mo

↳ CMHC premium ($18,620 capitalized)

Property tax (est.)$188/mo

Condo fee$860/mo

Total monthly$3,629

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

#1612 68 Grangeway Avenue, Toronto (Woburn) - Single Family for Sale

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Description

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Neighbourhood profile (M1H)

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