$929,990

For sale

#2403 20 Richardson Street, Toronto (Waterfront Communities) - Single Family for Sale

#2403 20 Richardson Street, Toronto (Waterfront Communities), Ontario, M5A0S6

3 beds2 baths2 parking850 ft²$960/mo condo feeListed 8 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 8 days, fresher than the Toronto average of 57 days.

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Description

Welcome to #2403 at Daniels' Waterfront masterpiece "Lighthouse' Tower. This very well appointed and large 2BR+den corner suite is bathed in natural light and accompanied by both lake and city views from the HUGE 241 sq ft wraparound balcony. Equipped with 2 side-by-side underground parking spaces, this stylish and move-in ready suite is an exceptional opportunity for those seeking an urban lifestyle in one of downtown's most desirable locations. The thoughtfully designed layout includes two well proportioned bedrooms and a den ideal for a home office setup. Contemporary modern finishes along with the significant builder upgrades will impress even the fussiest of buyers. Residents enjoy access to a very impressive collection of resort-style amenities including a fully equipped fitness center, yoga studio, theatre room, party and social lounges, BBQ terrace, tennis and basketball facilities, 24 hour concierge and more! In this rapidly developing neighbourhood, you're steps from the St Lawrence Market, The Distillery District, The Financial District, Scotiabank Arena, The Waterfront Trail, Cherry Beach & Harbourfront attractions. Education and employment opportunities are unmatched at this prime location; George Brown's waterfront campus is right downstairs while the St James campus is also easily accessible. Many convenient transit connections to U of T, Toronto Metropolitan University & OCAD University make this a unique opportunity for students, educators & healthcare professionals. (id:66096)

Property Details

MLS®: C14120070
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $960/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,706/yr
Listed: 8 days ago

Features

Appliances: Window Coverings
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,095

List price

$930K

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 3-bed single family in Toronto (Waterfront Communities) has been listed for 8 days, which is 49 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MATT TICKNOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $929,990, about 13.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $181,660 (20% down, 25-yr amortization, stress-tested) — roughly 156% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$929,990· $1,095/ft²

For sale

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Full Cost Breakdown

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Down Payment7.31% · $67,999

Min 7.31%50%

Mortgage payment$4,779/mo

↳ CMHC premium ($34,480 capitalized)

Property tax (est.)$392/mo

Condo fee$960/mo

Total monthly$6,131

Cash Needed to Close

Down payment (7.31%)$67,999

Land transfer tax$30,150

Est. closing costs$5,290

Total cash needed$103,439

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