$540,000

For sale

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#214 2466 Eglinton Avenue East, Toronto (Eglinton East) - Single Family for Sale

#214 2466 Eglinton Avenue East, Toronto (Eglinton East), Ontario, M1K5J8

3 beds2 baths1 parking ft²

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3 bd2 ba1 pk1,100 ft²+$689/mo

Listed by CENTURY 21 LEADING EDGE REALTY INC.

Investment analysis

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$540,000

Toronto

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Description

Welcome To Rainbow Village Condo! This Bright And Spacious Unit Comes With 2 Bedrooms Plus Den , New Kitchen, New Flooring And Is Located In The Heart Of Scarborough Close To Kennedy Subway. Amazing North Views. Large Open Concept Living/Dining Area With Generous Size Bedrooms And A Large Den Perfect For A Home Office Or 3rd Bdrm. Highly Desired Location, Good Amenities Including 24 Hour Gate House Security, Indoor Pools, Gym, Rec Room, Sauna And Much More.New S/S Appliances. Fridge, Stove, Dishwasher, Stacked Washer And Dryer And All Elf's (id:66096)

Property Details

MLS®: E13708574
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Style: Multi-level
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $689/mo
Fee Includes: Heat, Electricity, Water
Ownership: Condo/Strata
Property Tax: $1,795/yr
Listed: 73 days ago

Market Timing

Days on market

73d

Toronto (Eglinton East) listings, avg age

48d

Price / ft²

$491

List price

$540K

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 $540,000, about 7.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $105,481 (20% down, 25-yr amortization, stress-tested) — roughly 45% above 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)

$540,000· $491/ft²

For sale

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Full Cost Breakdown

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Down Payment5.37% · $29,000

Min 5.37%50%

Mortgage payment$2,833/mo

↳ CMHC premium ($20,440 capitalized)

Property tax (est.)$150/mo

Condo fee$689/mo

Total monthly$3,671

Cash Needed to Close

Down payment (5.37%)$29,000

Land transfer tax$14,550

Est. closing costs$4,120

Total cash needed$47,670

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

#214 2466 Eglinton Avenue East, Toronto (Eglinton East) - Single Family for Sale

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M1K)

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