$525,000

For saleJust listed

#2412 101 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#2412 101 Peter Street, Toronto (Waterfront Communities), Ontario, M5V0G6

2 beds1 bath0 parking650 ft²$527/mo condo feeListed Today

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $525,000, it is attractively priced about 17% below the $629,900 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Suite 2412 at 101 Peter Street! Located in the heart of Toronto's vibrant Entertainment District, this well-designed 609 sq. ft. suite features 1 bedroom plus a den, 1 bathroom, 9-foot ceilings, a modern kitchen with centre island, engineered hardwood flooring throughout and convenient in-suite laundry. The spacious den offers flexibility as a home office, reading nook or guest space, while the large north-facing balcony provides a welcome outdoor setting.Enjoy exceptional downtown convenience with a ground-floor café, CityMarket next door and Bestco Asian Supermarket directly across the street. The restaurants, shopping and nightlife of Queen West and King West are just steps away, along with popular destinations including Scotiabank Theatre, TIFF Lightbox, Roy Thomson Hall, the Princess of Wales Theatre and the Art Gallery of Ontario. The Well and Chinatown are also nearby, while Union Station, the UP Express and Rogers Centre are approximately a 15-minute walk away. The future Ontario Line station at Queen and Spadina, currently under construction, will make travelling around the city even easier.Building amenities include 24-hour concierge and security, along with a fitness centre featuring newly upgraded equipment. Monthly maintenance fees include heat, water, central air conditioning, common elements and building insurance. (id:66096)

Property Details

MLS®: C14158938
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $527/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,764.01/yr
Listed: Today

Rooms

Main level

Living room: 3.4 x 3.05 meters
Kitchen: 3.4 x 3.56 meters
Primary Bedroom: 3.05 x 3.05 meters
Den: 2.36 x 2.54 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Range, Dryer, Microwave, Cooktop, Oven - Built-In, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$808

List price

$525K

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 (Waterfront Communities) has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD. · STEVEN SARASIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $525,000, about 5.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 13% 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)

$525,000· $808/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$314/mo

Condo fee$527/mo

Total monthly$3,599

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$13,950

Est. closing costs$4,075

Total cash needed$45,525

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