$975,000

For sale

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1 bd1 ba250 ft²+$395/mo

Listed by PROMPTON REAL ESTATE SERVICES CORP.

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4 bd3 ba1 pk1,700 ft²+$1880/mo

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

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2 bd1 ba550 ft²+$481/mo

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#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

For saleJust listed

Today

$509K

#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

2 bd1 ba750 ft²+$653/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$975,000

Toronto

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#25 505 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#25 505 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V0P4

2 beds2 baths0 parking750 ft²$673/mo condo feeListed 23 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 23 days, fresher than the Toronto average of 57 days.

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

Description

A true two-bedroom at Waterworks - and a layout worth seeing. This thoughtfully designed split-bedroom suite offers two separate bedrooms, each with a south-facing window and its own full-size door, creating excellent privacy and separation.The bright, open living space enjoys an unobstructed south-facing view, bringing natural light and an exceptional sense of openness into the suite. The contemporary kitchen features integrated appliances, a generous island and ample workspace, flowing naturally into the living and dining area. Step outside to the 163 SF private terrace, a substantial extension of the living space with a gas hookup - perfect for outdoor dining, entertaining or simply enjoying the view. Set within the iconic Waterworks Residences, residents enjoy an exceptional downtown lifestyle with the renowned Waterworks Food Hall, YMCA, landscaped surroundings and a vibrant mix of restaurants, cafés, shopping, entertainment and culture just outside the door. Located in the heart of King West, with Queen West, the Financial District, transit and Toronto's downtown core all within easy reach. (id:66096)

Property Details

MLS®: C13986698
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Coil Fan, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $673/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,389.02/yr
Listed: 23 days ago

Rooms

Flat

Living room: 4.57 x 3.2 meters
Dining room: 3.69 x 3.6 meters
Kitchen: 3.69 x 3.6 meters
Primary Bedroom: 4.23 x 2.74 meters
Bedroom 2: 3.08 x 2.44 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, Stove, Oven, Dryer, Microwave, Oven - Built-In, Humidifier, Window Coverings
Exterior: Concrete, Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,301

List price

$975K

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 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ZOLO REALTY · ALINA GUZEEVA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $975,000, about 10.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $190,452 (20% down, 25-yr amortization, stress-tested) — roughly 109% 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)

$975,000· $1,301/ft²

For sale

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Full Cost Breakdown

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Down Payment7.44% · $72,500

Min 7.44%50%

Mortgage payment$5,004/mo

↳ CMHC premium ($36,100 capitalized)

Property tax (est.)$366/mo

Condo fee$673/mo

Total monthly$6,042

Cash Needed to Close

Down payment (7.44%)$72,500

Land transfer tax$31,950

Est. closing costs$5,425

Total cash needed$109,875

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