$399,000

For sale

#1E 86 Gerrard Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#1E 86 Gerrard Street East, Toronto (Church-Yonge Corridor), Ontario, M5B2J1

1 bed2 baths0 parking1,100 ft²$1,379/mo condo feeListed 21 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. Listed at $399,000, it is attractively priced about 33% below the $595,000 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 63 days.

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Description

Welcome to Suite 1E at Gerrard Place, a rare single level loft residence in a boutique building designed by acclaimed architect Barton Myers. Every other suite in the building is two storey; this approx. 1,090 sq. ft. suite is the only one of its kind, with soaring 13' ceilings, 1.5 bathrooms and sun filled south exposure. The open concept living/dining area is anchored by brand new floor to ceiling windows with south facing views. The kitchen features granite countertops, a centre island, and stainless steel appliances. Refinished hardwood flooring and updated lighting throughout. The primary bedroom offers a 3 piece ensuite and a walk in closet. Steps to TMU, U of T, the Eaton Centre, transit, parks, and restaurants. Building amenities include a rooftop deck with BBQs and skyline views, a party/meeting room, and visitor parking. A rare opportunity in the heart of downtown Toronto. (id:66096)

Property Details

MLS®: C14033728
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 1,100 ft²
Style: Loft
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Wall unit
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $1,379/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Kitchen: 2.47 x 3.54 meters
Dining room: 5.35 x 2.39 meters
Living room: 5.35 x 4.3 meters
Primary Bedroom: 5.16 x 3.88 meters

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

Features

Appliances: Washer, Dryer, Microwave
Flooring: Tile, Hardwood
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$363

List price

$399K

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 (Church-Yonge Corridor) has been listed for 21 days, which is 42 days fresher than the city average of 63. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · ANDRES RIVADENEIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5B)

This home lists at $399,000, about 6.9× the local median household income of $58,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 34% above the area median.

Median household income: $58,000
Population: 17,422
Median age: 31.4
Owner / renter: 28% / 72%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5B)

$399,000· $363/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$270/mo

Condo fee$1,379/mo

Total monthly$3,751

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$8,920

Est. closing costs$3,697

Total cash needed$32,567

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