$585,000

For sale

#2202 20 Edward Street, Toronto (Bay Street Corridor) - Single Family for Sale

#2202 20 Edward Street, Toronto (Bay Street Corridor), Ontario, M5G0C5

1 bed1 bath0 parking550 ft²$364/mo condo feeListed 85 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $585,000, it is attractively priced about 15% below the $685,000 median asking price in Toronto.

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Description

One Bed+Study Bright Corner Unit With Unobstructed North And East Breathtaking Views Of The City. Luxurious Panda Condo Built by Renowned Developer Lifetime with State-Of-The-Art Amenities: Outdoor basketball court, gym, BBQ, dance/yoga studio, party room, study library, private theatre, games room, karaoke room. Functional 598 Sq ft Interior Layout With Oversized 127 Sq ft Balcony. 9-Ft Smooth Ceiling and Floor To Ceiling Windows. Incredibly Bright Unit With Tons of Natural Light. With Transit Score: 100 And Walk Score: 100, Steps Away to T&T Supermarket, Dundas Square, Canada's Best Restaurants, Bars And Cafes, Shopping Centres, Healthcare And Education Institutes. 2 Min Walk To Ryerson U, Eaton Centre, PATH, Cineplex. 10 Min Walk To Hospitals On University. 10 Min Transit To U Of T And Financial District. (id:66096)

Property Details

MLS®: C13669170
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $364/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $3,982/yr
Listed: 85 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

85d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,065

List price

$585K

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 1-bed single family in Toronto (Bay Street Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE LANDMARK REALTY INC. · HELENA ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $585,000, about 8.7× the local median household income of $67,500.

Carrying it typically needs a household income of about $114,271 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.

Median household income: $67,500
Population: 9,751
Median age: 30.8
Owner / renter: 30% / 70%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5G)

$585,000· $1,065/ft²

For sale

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Full Cost Breakdown

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Down Payment5.73% · $33,500

Min 5.73%50%

Mortgage payment$3,058/mo

↳ CMHC premium ($22,060 capitalized)

Property tax (est.)$332/mo

Condo fee$364/mo

Total monthly$3,754

Cash Needed to Close

Down payment (5.73%)$33,500

Land transfer tax$16,350

Est. closing costs$4,255

Total cash needed$54,105

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