$575,000

For sale

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#2207 1 CONCORD CITYPLACE Way, Toronto (Waterfront Communities) - Single Family for Sale

#2207 1 CONCORD CITYPLACE Way, Toronto (Waterfront Communities), Ontario, M5V0X3

1 bed1 bath0 parking ft²

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Investment analysis

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$575,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $575,000, it is attractively priced about 9% below the $629,900 median asking price in Toronto. It has been on the market 35 days, fresher than the Toronto average of 57 days.

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

Description

Enjoy Comfortable Indoor-Outdoor Living In This Well-Designed 1-Bedroom, 1-Bathroom Suite! Offering Approximately 578 Sq. Ft. Of Interior Space Plus A Generous 157 Sq. Ft. Balcony, This Functional Layout Features An Open-Concept Kitchen, Dining And Living Area With Room For A Dining Table And Comfortable Seating. The Separate Bedroom Includes Closet Storage, While The Expansive Balcony Spans Both The Living Room And Bedroom, Providing Space For Outdoor Dining And Relaxation. A Welcoming Entryway With A Closet, Convenient Ensuite Laundry And A Full Bathroom Complete This Thoughtfully Planned Home. (id:66096)

Market Timing

Days on market

35d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,046

List price

$575K

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 (M5V)

This home lists at $575,000, about 6.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$575,000· $1,046/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Est. property tax$0/mo

Condo fee$400/mo

Total monthly$3,408

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$15,950

Est. closing costs$4,225

Total cash needed$52,675

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

#2207 1 CONCORD CITYPLACE Way, Toronto (Waterfront Communities) - Single Family for Sale

Rental cashflow calculator

Description

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Location

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Neighbourhood profile (M5V)

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Full Cost Breakdown