$540,000

For sale

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#2216 1926 Lakeshore Boulevard West, Toronto (South Parkdale) - Single Family for Sale

#2216 1926 Lakeshore Boulevard West, Toronto (South Parkdale), Ontario, M6S1A1

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Investment analysis

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$540,000

Toronto

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Description

This beautiful one-bedroom, one-bathroom condo is located in the heart of downtown, offering both style and convenience. The open-concept layout is perfect for modern living, featuring a bright and airy living space with large windows that fill the home with natural light. The kitchen is equipped with contemporary finishes, including sleek cabinetry and stainless steel appliances, making it a perfect spot for cooking and entertaining.The bedroom is a tranquil retreat, complete with soft, cozy lighting. The bathroom is tastefully designed with modern fixtures, a deep soaking tub, and a chic vanity.Residents have access to a range of top-notch amenities, such as a fully equipped gym, a stylish lounge area, and a rooftop terrace with breathtaking views of the city. The condo also includes a secure underground parking space and a private locker for extra storage, making it an ideal urban oasis. (id:66096)

Property Details

MLS®: W12927050
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None, Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $491/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,768/yr
Listed: 224 days ago

Market Timing

Days on market

224d

Toronto (South Parkdale) listings, avg age

64d

Price / ft²

$983

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 (M6S)

This home lists at $540,000, about 5.0× the local median household income of $108,000.

Carrying it typically needs a household income of about $105,481 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $108,000
Population: 34,029
Median age: 41.6
Owner / renter: 68% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6S)

$540,000· $983/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.)$231/mo

Condo fee$491/mo

Total monthly$3,555

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

#2216 1926 Lakeshore Boulevard West, Toronto (South Parkdale) - Single Family for Sale

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Description

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Neighbourhood profile (M6S)

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