$647,900

For sale

#2404 8 Cumberland Street, Toronto (Annex) - Single Family for Sale

#2404 8 Cumberland Street, Toronto (Annex), Ontario, M4W0B6

2 beds1 bath0 parking550 ft²$515/mo condo feeListed 15 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $647,900, it is attractively priced about 35% below the $1,000,500 median asking price in Toronto. It has been on the market 15 days, fresher than the Toronto average of 58 days.

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Description

Gorgeous Luxury 588 SQFT One Bedroom plus Den Suite, where Den can be used as 2nd Bedroom or Office with Ensuite Bathroom at Toronto's most sought after location at an address that sits perfectly within the Yorkville community steps from Toronto's exclusive shops and culinary delights. Bright & Spacious open-concept suite with panoramic city views and chef-inspired kitchen perfectly paired with modern cabinetry, quartz countertops, and stainless appliances surrounded by some of the most popular food and entertainment establishments. Floor-to-ceiling windows, 9-ft ceilings, hardwood flooring, plus a versatile den ideal for a home office or guest space. Enjoy a well-managed building with exceptional amenities including a fitness centre, rooftop lounge, party room, outdoor garden and pet spa. Ideally located at Yonge & Cumberland, just steps to Bloor-Yonge Subway Station, Yorkville's renowned shopping, dining and entertainment, with easy access to U of T, hospitals, Toronto Metropolitan (Ryerson) University, the Financial District, DVP and Gardiner Expressway. Experience sophisticated downtown living in one of Toronto's most sought-after neighborhoods. (id:66096)

Property Details

MLS®: C14105286
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $515/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,905.61/yr
Listed: 15 days ago

Features

Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,179

List price

$648K

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 2-bed single family in Toronto (Annex) has been listed for 15 days, which is 43 days fresher than the city average of 58. Act while there is still low competition.

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Listed by WORLD CLASS REALTY POINT · TARIQ MUMTAZ

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4W)

This home lists at $647,900, about 6.2× the local median household income of $104,000.

Carrying it typically needs a household income of about $126,558 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $104,000
Population: 15,296
Median age: 44.8
Owner / renter: 56% / 44%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M4W)

$647,900· $1,179/ft²

For sale

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Full Cost Breakdown

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Down Payment6.14% · $39,790

Min 6.14%50%

Mortgage payment$3,371/mo

↳ CMHC premium ($24,324 capitalized)

Property tax (est.)$325/mo

Condo fee$515/mo

Total monthly$4,212

Cash Needed to Close

Down payment (6.14%)$39,790

Land transfer tax$18,866

Est. closing costs$4,444

Total cash needed$63,100

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