$309,999

$320,000For salePrice drop↓ $10,001 (3%)

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#206 825 Kennedy Road, Toronto (Ionview) - Single Family for Sale

#206 825 Kennedy Road, Toronto (Ionview), Ontario, M1K2E6

2 beds1 bath parking

↓ $15K (4%) price drop

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Listed by THE CANADIAN HOME REALTY INC.

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For sale

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#806 855 Kennedy Road, Toronto (Ionview), Ontario, M1K2E3

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#803 2245 Eglinton Avenue East, Toronto (Ionview), Ontario, M1K2N3

For sale

44 days ago

$390K

#803 2245 Eglinton Avenue East, Toronto (Ionview), Ontario, M1K2N3

2 bd1 ba1 pk750 ft²+$698/mo

Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD.

Investment analysis

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$309,999

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. Listed at $309,999, it is attractively priced about 31% below the $449,000 median asking price in Toronto. It has been on the market 35 days, fresher than the Toronto average of 81 days.

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

Description

Renovated, move in ready and offering exceptional value! Ideally located just steps from Kennedy Station, Kennedy GO and the brand new Eglinton Crosstown LRT, this beautifully updated 2 bedroom suite combines modern finishes with a highly functional layout. Perfect for first time home buyers, small families or investors, the unit is ready to enjoy with nothing left to do. Maintenance fees include Internet, Cable and Water for added convenience and carefree living. Includes 1 owned underground parking spot. A fantastic opportunity to own a renovated unit in a well connected location. (id:66096)

Property Details

MLS®: E13844798
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Baseboard heaters, Natural gas
Cooling: Window air conditioner
Garage: Garage, Underground
Condo Fee: $1,270/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $1,081.91/yr
Listed: 35 days ago

Market Timing

Days on market

35d

Toronto (Ionview) listings, avg age

81d

Price / ft²

$282

List price

$310K

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 (M1K)

This home lists at $309,999, about 4.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $60,554 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$309,999· $282/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,499.95

Min 5%50%

Mortgage payment$1,633/mo

↳ CMHC premium ($11,780 capitalized)

Property tax (est.)$90/mo

Condo fee$1,270/mo

Total monthly$2,992

Cash Needed to Close

Down payment (5%)$15,500

Land transfer tax$6,250

Est. closing costs$3,430

Total cash needed$25,180

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

#206 825 Kennedy Road, Toronto (Ionview) - Single Family for Sale

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Neighbourhood profile (M1K)

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