$489,000

$539,000For salePrice drop↓ $50,000 (9%)

#1701 25 Silver Springs Boulevard, Toronto (L'Amoreaux) - Single Family for Sale

#1701 25 Silver Springs Boulevard, Toronto (L'Amoreaux), Ontario, M1V1M9

3 beds2 baths1 parking1,300 ft²$741/mo condo feeListed 34 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $489,000, it is attractively priced about 16% below the $579,000 median asking price in Toronto. It has been on the market 34 days, fresher than the Toronto average of 47 days.

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Description

This home has undergone a top-to-bottom renovation, and the sellers have invested significantly in quality upgrades throughout. Brand-new luxury vinyl plank flooring flows through all the main living areas, while the kitchen features a premium upgrade with stunning new porcelain tile. The kitchen itself has been completely gutted and rebuilt with all-new cabinetry, countertops, fixtures, and new stainless steel appliances. Both bathrooms have been fully remodeled with contemporary new finishes, fixtures, and vanities. Fresh neutral paint has been applied throughout the entire interior, creating a bright and welcoming atmosphere, and all-new lighting fixtures have been installed in every room. This was not a quick flip-the owners lived here and chose high-quality materials because they cared about the finished product. Every major update has been completed, so the next owner can simply move in and enjoy a pristine, turnkey home from day one. Beyond the upgrades, the location offers unbeatable convenience-Silver Spring provides easy access to major commuter routes, excellent public transit options, and a vibrant restaurants, shopping, and entertainment venues . Priced to reflect the substantial investment, this property offers outstanding value and is ready for its new owner. (id:66096)

Property Details

MLS®: E13858076
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $741/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $1,971.99/yr
Listed: 34 days ago

Rooms

Flat

Living room: 7.98 x 3.43 meters
Dining room: 7.98 x 3.43 meters
Den: 4.29 x 2.75 meters
Kitchen: 2.46 x 2.21 meters
Eating area: 2.84 x 2.21 meters
Primary Bedroom: 6.22 x 3.35 meters
Bedroom 2: 4.37 x 2.95 meters
Pantry: 2.01 x 1.4 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Vinyl, Porcelain Tile
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (L'Amoreaux) listings, avg age

47d

Price / ft²

$376

List price

$489K

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 3-bed single family in Toronto (L'Amoreaux) has been listed for 34 days, which is 13 days fresher than the city average of 47. Act while there is still low competition.

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Listed by ELITE CAPITAL REALTY INC. · STEPHEN CHUNG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1V)

This home lists at $489,000, about 6.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$489,000· $376/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,450

Min 5%50%

Mortgage payment$2,576/mo

↳ CMHC premium ($18,582 capitalized)

Property tax (est.)$164/mo

Condo fee$741/mo

Total monthly$3,481

Cash Needed to Close

Down payment (5%)$24,450

Land transfer tax$12,510

Est. closing costs$3,967

Total cash needed$40,927

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