$448,888

For sale

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#1701 180 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

#1701 180 Markham Road, Toronto (Scarborough Village), Ontario, M1M2Z9

3 beds2 baths1 parking ft²

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Investment analysis

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$448,888

Toronto

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Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $448,888, it is attractively priced about 8% below the $489,000 median asking price in Toronto. It has been on the market 37 days, fresher than the Toronto average of 49 days.

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

Description

Fully Renovated Penthouse-Level Condo With Stunning City & CN Tower Views! Bright & Spacious Unit Featuring 3 Generous Bedrooms & A Rare 2 Full Bathrooms- Ideal For Large Families. Upgraded Kitchen & Modernized Bathrooms. Expansive Living & Dining Area Surrounded By Windows, With Walk-Out To A Private Balcony Perfect For Enjoying Beautiful scenes. Enjoy Excellent Building Amenities Including An Outdoor Swimming Pool, Sauna & Exercise Room. Home Internet also Included in maintenance. Conveniently Located Steps To TTC, Schools & Shops, And Minutes To Scarborough Town Centre. Move-In Ready- A Must See! (id:66096)

Property Details

MLS®: E13841508
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Natural gas
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,171/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,176.38/yr
Listed: 37 days ago

Market Timing

Days on market

37d

Toronto (Scarborough Village) listings, avg age

49d

Price / ft²

$345

List price

$449K

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 (M1M)

This home lists at $448,888, about 5.2× the local median household income of $87,000.

Carrying it typically needs a household income of about $87,684 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.

Median household income: $87,000
Population: 23,258
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1M)

$448,888· $345/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,444.40

Min 5%50%

Mortgage payment$2,364/mo

↳ CMHC premium ($17,058 capitalized)

Property tax (est.)$98/mo

Condo fee$1,171/mo

Total monthly$3,633

Cash Needed to Close

Down payment (5%)$22,444

Land transfer tax$10,906

Est. closing costs$3,847

Total cash needed$37,197

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

#1701 180 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

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