$530,000

For sale

#216 408 Browns Line, Toronto (Alderwood) - Single Family for Sale

#216 408 Browns Line, Toronto (Alderwood), Ontario, M8Z0C2

2 beds1 bath1 parking750 ft²$572/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Its $530,000 asking price sits right in line with the $530,000 median in Toronto. It has been on the market 21 days, fresher than the Toronto average of 43 days.

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Description

Welcome to Bline Condos at 408 Browns Line! Discover modern living in this bright and spacious1+Den condominium located in the desirable Alderwood community of Etobicoke. This thoughtfully designed suite features an open-concept layout with a generous living area and a versatile den, perfect for a home office, study, or guest space. Enjoy an unbeatable location just minutes from the waterfront, including Marie Curtis Park, Marie Curtis Park Beach, Lakeshore Park, and scenic walking trails. A variety of everyday amenities are right at your doorstep, with cafés, restaurants, parks, shops, and Sherway Gardens all conveniently accessible by foot or a short drive. Commuters will appreciate easy access to Highway 427, the QEW/Gardiner Expressway, and TTC public transit, providing convenient connections throughout Toronto and surrounding areas. A fantastic opportunity for first-time buyers, professionals, or investors looking to enjoy modern condo living in a well-connected Etobicoke neighborhood. The unit is currently tenanted, with the lease expiring on September 14, 2027. Monthly rent is $2,500.00, plus utilities. (id:66096)

Property Details

MLS®: W14033306
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $572/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,424/yr
Listed: 21 days ago

Rooms

Flat

Kitchen: 3.08 x 1.52 meters
Dining room: 6.95 x 3.11 meters
Living room: 6.95 x 3.11 meters
Primary Bedroom: 3.05 x 3.5 meters
Den: 2.01 x 2.8 meters

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

Features

Appliances: All
Foundation: Unknown
Exterior: Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Alderwood) listings, avg age

43d

Price / ft²

$707

List price

$530K

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 (Alderwood) has been listed for 21 days, which is 22 days fresher than the city average of 43. Act while there is still low competition.

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Listed by ROYAL LEPAGE SECURITY REAL ESTATE · ANABELA SERRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $530,000, about 4.8× the local median household income of $111,000.

Carrying it typically needs a household income of about $103,528 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$530,000· $707/ft²

For sale

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Full Cost Breakdown

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Down Payment5.28% · $28,000.00

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,080 capitalized)

Property tax (est.)$285/mo

Condo fee$572/mo

Total monthly$3,641

Cash Needed to Close

Down payment (5.28%)$28,000

Land transfer tax$14,150

Est. closing costs$4,090

Total cash needed$46,240

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