$540,000

For sale

#1808 16 Yonge Street, Toronto (Waterfront Communities) - Single Family for Sale

#1808 16 Yonge Street, Toronto (Waterfront Communities), Ontario, M5E2A1

2 beds1 bath1 parking650 ft²$622/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $540,000, it is attractively priced about 14% below the $629,900 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

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Description

Welcome to 16 Yonge Street - a spacious and highly sought-after unit in the prestigious Pinnacle Centre community in the heart of downtown Toronto. This desirable layout offers an exceptional blend of functionality and comfort with thoughtfully designed living space, including a generous 1-bedroom plus den floor plan perfectly suited for comfortable everyday living, with the flexibility to accommodate professionals working from home. The suite is filled with natural light through expansive floor-to-ceiling windows and features 9-foot ceilings that enhance the open, airy feel throughout. The well-proportioned living and dining area offers excellent entertaining space, while the separate den provides flexibility for a dedicated home office or additional lounge area. (water, hydro, heat)ALL UTILITIES INCLUDED IN THE LOW MAINTENANCE FEES! Residents of Pinnacle Centre enjoy access to extensive amenities including a large fitness center, indoor pool, basketball/squash courts, sauna, party room, theatre room, guest suites, 24-hour concierge, and more. Positioned steps from Union Station, the PATH network, Toronto's waterfront, Financial District, Scotiabank Arena, Rogers Centre, restaurants, shopping, and everyday conveniences, this is an ideal opportunity to establish a home in one of downtown Toronto's most connected and vibrant neighborhoods. (id:66096)

Property Details

MLS®: C14089288
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Electric, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $622/mo
Fee Includes: Heat, Electricity, Water, Parking
Ownership: Condo/Strata
Property Tax: $3,115.26/yr
Listed: 21 days ago

Features

Appliances: Blinds
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$831

List price

$540K

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 2-bed single family in Toronto (Waterfront Communities) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX GOLD REALTY INC. · TASMIA AHMED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $540,000, about 5.5× the local median household income of $98,000.

Carrying it typically needs a household income of about $105,481 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$540,000· $831/ft²

For sale

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Full Cost Breakdown

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Down Payment5.37% · $29,000

Min 5.37%50%

Mortgage payment$2,833/mo

↳ CMHC premium ($20,440 capitalized)

Property tax (est.)$260/mo

Condo fee$622/mo

Total monthly$3,715

Cash Needed to Close

Down payment (5.37%)$29,000

Land transfer tax$14,550

Est. closing costs$4,120

Total cash needed$47,670

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