$579,900

For sale

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#204 1316 Kingston Road, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

#204 1316 Kingston Road, Toronto (Birchcliffe-Cliffside), Ontario, M1N1P6

1 bed1 bath1 parking ft²

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Investment analysis

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$579,900

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $579,900, it is attractively priced about 17% below the $699,000 median asking price in Toronto. It has been on the market 43 days, fresher than the Toronto average of 46 days.

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Description

"Terrasse at The Hunt Club" Boutique building. This is not your average 1bdrm condo. This Suite boasts approx 750 sq ft of practical living space across from "The Hunt". Features include extended upper cabinets, center Island, extended Marble counters, and backsplash, pendant lighting, pot lights, premium vinyl floors, custom Hunter Douglas Blinds, built in appliances, stackable washer/ dryer, BBQ line on balcony, large bdrm closet with organizers, flex space for work at home and additonal closet space. Maintenance fee includes all heating and cooling hydro consumption (id:66096)

Property Details

MLS®: E13814228
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Other
Condo Fee: $848/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,813.54/yr
Listed: 43 days ago

Market Timing

Days on market

43d

Toronto (Birchcliffe-Cliffside) listings, avg age

46d

Price / ft²

$774

List price

$580K

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 (M1N)

This home lists at $579,900, about 6.4× the local median household income of $90,000.

Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $90,000
Population: 22,976
Median age: 44.8
Owner / renter: 65% / 35%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M1N)

$579,900· $774/ft²

For sale

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Full Cost Breakdown

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Down Payment5.69% · $32,990

Min 5.69%50%

Mortgage payment$3,032/mo

↳ CMHC premium ($21,876 capitalized)

Property tax (est.)$318/mo

Condo fee$848/mo

Total monthly$4,198

Cash Needed to Close

Down payment (5.69%)$32,990

Land transfer tax$16,146

Est. closing costs$4,240

Total cash needed$53,376

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

#204 1316 Kingston Road, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

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