$499,900

For sale

#3307 180 University Avenue, Toronto (Bay Street Corridor), Ontario, M5H0A2

2 bd3 ba1 pk1,500 ft²+$1755/mo

Listed by REAL BROKER ONTARIO LTD.

#4402 65 St Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

For saleJust listed

Yesterday

$2.00M

#4402 65 St Mary Street, Toronto (Bay Street Corridor), Ontario, M5S0A6

3 bd2 ba1 pk1,500 ft²+$1189/mo

Listed by MASTER'S CHOICE REALTY INC.

#2105 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A1

For saleJust listed

Yesterday

$350K

#2105 1 King Street West, Toronto (Bay Street Corridor), Ontario, M5H1A1

1 ba250 ft²+$674/mo

Listed by ROYAL LEPAGE TERREQUITY PLATINUM REALTY

#3204 35 Balmuto Street, Toronto (Bay Street Corridor), Ontario, M4Y0A3

For saleJust listed

2 days ago

$1.30M

#3204 35 Balmuto Street, Toronto (Bay Street Corridor), Ontario, M4Y0A3

2 bd2 ba1 pk1,300 ft²+$1187/mo

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Investment analysis

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$499,900

Toronto

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#2307 55 Centre Avenue, Toronto (Bay Street Corridor) - Single Family for Sale

#2307 55 Centre Avenue, Toronto (Bay Street Corridor), Ontario, M5G2H5

1 bed1 bath1 parking750 ft²$996/mo condo feeListed 33 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $499,900, it is attractively priced about 27% below the $685,000 median asking price in Toronto. It has been on the market 33 days, fresher than the Toronto average of 59 days.

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

Description

Prime Location in the Heart of the City! Spacious 1-bedroom condo featuring a bright, open-concept layout, walk-in storage closet, mirrored bedroom closet doors, and a 4-piece washroom. Most of the flooring, as well as the kitchen and washroom, have been upgraded within the last 5 years. Fan coil units have been replaced. Includes a common area, community room, outdoor community space, and an owned parking spot. Owner pays hydro (hydro is not included). Central air included. All rooms are irregularly shaped. Pets permitted. Close to all amenities and just minutes from U of T, Metropolitan University, and George Brown College. Steps to TTC subway, buses, and streetcars. Walking distance to City Hall, Eaton Centre, hospitals, parks, and the library, with easy access to Toronto's commercial and financial districts. (id:66096)

Property Details

MLS®: C13859328
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Style: Multi-level
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $996/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,576.21/yr
Listed: 33 days ago

Rooms

Main level

Kitchen: 2.74 x 4.26 meters
Living room: 5.79 x 4.26 meters
Bedroom: 4.26 x 3.65 meters

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

Features

Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$667

List price

$500K

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) has been listed for 33 days, which is 26 days fresher than the city average of 59. Act while there is still low competition.

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Listed by Royal Heritage Realty Ltd. · Chester Stocki

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $499,900, about 7.4× the local median household income of $67,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 45% 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)

$499,900· $667/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$215/mo

Condo fee$996/mo

Total monthly$3,843

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$12,946

Est. closing costs$4,000

Total cash needed$41,941

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