$487,000

For sale

#1705 10 Park Lawn Road, Toronto (Mimico) - Single Family for Sale

#1705 10 Park Lawn Road, Toronto (Mimico), Ontario, M8Y3H8

1 bed1 bath1 parking550 ft²$511/mo condo feeListed 43 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $487,000, it is attractively priced about 25% below the $650,000 median asking price in Toronto. It has been on the market 43 days, fresher than the Toronto average of 58 days.

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Description

Welcome To The Vibrant Community Of Humber Bay Shores, Just Minutes From The Lake. Discover Modern Urban Living In This Stylish One Bedroom, One-Bath Condo. This Bright Sunlit Unit Features An Open Concept Layout With Loads Of Upgrades And Sleek Finishes. A Contemporary Kitchen With Glass Tile Backsplash, Stainless Steel Appliances, A Large Island With Quartz Waterfall Counter, Upgraded Lighting, Custom Made Glass Door To Conceal Washer & Dryer, Living Area Leads To A Large Private Balcony with Amazing Views. The Spacious Bedroom Offers Ample Closet Space, With The Bathroom Boasting Modern Fixtures & Finishes. From Shops, Restaurants, Parks, And Public Transit And All Amenities Amenities Include - Gym, Squash Court, Sauna, Outdoor Swimming Pool & Cabanas, Games-Room, Rooftop Terrace, Business Center, Party Room And Guest Suites, As Well As 24 Hour Concierge. Plenty of Visitor Parking Available. Shows 10++ (id:66096)

Property Details

MLS®: W13823826
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Covered
Pool: Yes
Waterfront: Yes
Condo Fee: $511/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,925/yr

Rooms

Main level

Living room: 5.05 x 3.04 meters
Dining room: 5.05 x 3.04 meters
Kitchen: 2.4 x 4.14 meters
Primary Bedroom: 3.84 x 2.74 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, Intercom, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$886

List price

$487K

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 1-bed single family in Toronto (Mimico) has been listed for 43 days, which is 15 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · JOSE R. PEREIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Y)

This home lists at $487,000, about 5.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $95,128 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$487,000· $886/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,350

Min 5%50%

Mortgage payment$2,565/mo

↳ CMHC premium ($18,506 capitalized)

Property tax (est.)$160/mo

Condo fee$511/mo

Total monthly$3,236

Cash Needed to Close

Down payment (5%)$24,350

Land transfer tax$12,430

Est. closing costs$3,961

Total cash needed$40,741

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