$375,000

For sale

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#201 25 Strangford Lane, Toronto (Clairlea-Birchmount) - Single Family for Sale

#201 25 Strangford Lane, Toronto (Clairlea-Birchmount), Ontario, M1L0E5

1 bed1 bath1 parking ft²

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Investment analysis

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$375,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $375,000, it is attractively priced about 27% below the $514,900 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 41 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Spacious + Functional One Bedroom Condo with Ensuite Laundry + 1 Underground Parking and over 680 Sq Ft with Quiet Private Lane Access off Victoria Park. Open Concept Kitchen with Breakfast Bar + Stainless Steel Appliances. Large Open Concept Living Room + Over-Sized Primary Bedroom with Plenty of Storage. Entire unit is carpet free. Shopping, groceries and TTC all just steps away. Easy commute to downtown. (id:66096)

Property Details

MLS®: E13834080
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $530/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,110.1/yr
Listed: 38 days ago

Market Timing

Days on market

38d

Toronto (Clairlea-Birchmount) listings, avg age

41d

Price / ft²

$577

List price

$375K

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 (M1L)

This home lists at $375,000, about 4.8× the local median household income of $78,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $78,000
Population: 35,833
Median age: 38.8
Owner / renter: 51% / 49%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1L)

$375,000· $577/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$176/mo

Condo fee$530/mo

Total monthly$2,681

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$8,200

Est. closing costs$3,625

Total cash needed$30,575

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

#201 25 Strangford Lane, Toronto (Clairlea-Birchmount) - Single Family for Sale

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Neighbourhood profile (M1L)

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