$450,000

For sale

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#201 1 Falaise Road, Toronto (West Hill) - Single Family for Sale

#201 1 Falaise Road, Toronto (West Hill), Ontario, M1E0B9

1 bed1 bath1 parking ft²

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Investment analysis

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$450,000

Toronto

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Description

Welcome To This Quiet And Cozy 1 Bedroom Suite At 1 Falaise Rd 201! Functional Open-Concept Layout Featuring Modern Finishes, Laminate Flooring, And A Comfortable Living Space Walking Out To Lovely Open Balcony Spacious Bedroom With Sliding Door Offering Privacy And Flexibility. Stylish Kitchen With Stainless Steel Appliances And Quartz Countertops. Close To TTC, Highway 401, Centennial College, University Of Toronto Scarborough Campus, Parks, Shopping And Everyday Amenities. Excellent Opportunity For First-Time Buyers, Investors Or End Users Seeking Comfort And Convenience In A Growing Community. (id:66096)

Property Details

MLS®: E13106872
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $381/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,545.88/yr
Listed: 181 days ago

Market Timing

Days on market

181d

Toronto (West Hill) listings, avg age

62d

Price / ft²

$1,804

List price

$450K

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.

Area context

Neighbourhood profile (M1E)

This home lists at $450,000, about 5.5× the local median household income of $82,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$450,000· $1,804/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,500

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$129/mo

Condo fee$381/mo

Total monthly$2,880

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$10,950

Est. closing costs$3,850

Total cash needed$37,300

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#201 1 Falaise Road, Toronto (West Hill) - Single Family for Sale

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Description

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Market Timing

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Neighbourhood profile (M1E)

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