$505,000

For saleJust listed

#1818 108 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#1818 108 Peter Street, Toronto (Waterfront Communities), Ontario, M5V0W2

2 beds1 bath0 parking550 ft²$337/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $505,000, it is attractively priced about 20% below the $629,900 median asking price in Toronto. It has been on the market 2 days, fresher than the Toronto average of 57 days.

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Description

An Incredible Opportunity to Own in the Heart of Toronto's Entertainment District! This beautiful 1-bedroom plus full-sized den (large enough to be a 2nd bedroom or a spacious home office) offers a highly functional layout with a stunning West-facing view. Contemporary design boasting built-in appliances, sleek quartz countertops, large windows with abundant natural light, and premium laminate flooring throughout. EXCITING BUILDING UPGRADES: Experience ultimate urban convenience with a brand-new large supermarket located directly inside the building, alongside world-class amenities including a spectacular rooftop swimming pool! Steps to the city's finest dining, cafes, boutiques, clubs, and theatres. Mere minutes walk to the TTC Subway, Rogers Centre, CN Tower, and Scotiabank Arena. Round-the-clock 24/7 concierge. A perfect turnkey property for first-time buyers or savvy investors looking for a prime downtown asset! (id:66096)

Property Details

MLS®: C14140232
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $337/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $3,052.96/yr
Listed: 2 days ago

Rooms

Main level

Living room: 5.57 x 3.1 meters
Kitchen: 5.57 x 3.1 meters
Bedroom: 2.72 x 3.1 meters
Den: 2.4 x 2.42 meters
Bathroom: 1.52 x 2.13 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, Dishwasher, Oven, Dryer, Cooktop, Oven - Built-In, Hood Fan, Window Coverings
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$919

List price

$505K

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 2 days, which is 55 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · MIKE ZHENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $505,000, about 5.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $98,644 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$505,000· $919/ft²

For sale

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Full Cost Breakdown

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Down Payment5.05% · $25,500

Min 5.05%50%

Mortgage payment$2,658/mo

↳ CMHC premium ($19,180 capitalized)

Property tax (est.)$254/mo

Condo fee$337/mo

Total monthly$3,250

Cash Needed to Close

Down payment (5.05%)$25,500

Land transfer tax$13,150

Est. closing costs$4,015

Total cash needed$42,665

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