$499,000

$519,000For salePrice drop↓ $20,000 (4%)

#2117 85 Wood Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#2117 85 Wood Street, Toronto (Church-Yonge Corridor), Ontario, M4Y0E8

2 beds1 bath0 parking550 ft²$384/mo condo feeListed 42 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $499,000, it is attractively priced about 15% below the $588,000 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 63 days.

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Description

Welcome to Axis Condos by CentreCourt. This bright, south-facing 2-bedroom residence on the 21st floor features fresh paint and expansive, floor-to-ceiling windows throughout. Designed with a highly efficient and practical floor plan that maximizes every square inch, the home opens up to a large balcony boasting spectacular city views. The modern kitchen is equipped with premium, built-in appliances and sleek quartz countertops. Perfectly situated in the heart of downtown Toronto, this property offers unparalleled convenience. Steps away from Toronto Metropolitan University (TMU), College Subway Station, multiple TTC transit routes, Loblaws, Metro, and Mattamy Athletic Centre (formerly Maple Leaf Gardens). Enjoy close proximity to University of Toronto, CF Toronto Eaton Centre, IKEA, top-tier restaurants, vibrant cafés, parks, and world-class hospitals. This is an exceptional opportunity for professionals, students, and savvy investors alike. (id:66096)

Property Details

MLS®: C13827290
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $384/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,161/yr
Listed: 42 days ago

Rooms

Flat

Living room: 5.89 x 3.96 meters
Dining room: 5.89 x 3.96 meters
Kitchen: 5.88 x 3.96 meters
Bedroom: 3.05 x 2.9 meters
Bedroom 2: 3.05 x 2.59 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$908

List price

$499K

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

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Listed by HOMELIFE LANDMARK REALTY INC. · JEFF QIAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $499,000, about 8.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 56% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$499,000· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$263/mo

Condo fee$384/mo

Total monthly$3,276

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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