$569,900

For sale

#2513 20 Edward Street, Toronto (Bay Street Corridor) - Single Family for Sale

#2513 20 Edward Street, Toronto (Bay Street Corridor), Ontario, M5G0C5

2 beds1 bath0 parking550 ft²$364/mo condo feeListed 44 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $569,900, it is attractively priced about 17% below the $685,000 median asking price in Toronto. It has been on the market 44 days, fresher than the Toronto average of 59 days.

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Description

Prime Downtown Location at the highly sought-after Panda Condos! This bright and modern 2-bedroom suite features an exceptionally functional open-concept layout. The spacious interior second bedroom offers fantastic flexibility, serving beautifully as a quiet guest room or a dedicated WFH office. Enjoy the ultimate urban lifestyle with unbeatable convenience with T&T Supermarket and top-tier restaurants are now open right on the ground floor! Boasting a perfect 100 Walk & Transit Score, you are just steps to the Eaton Centre, Yonge-Dundas Square, the PATH, TMU, U of T, and Dundas Subway Station. Exceptional building amenities include a state-of-the-art gym/yoga studio, outdoor lounge, party room, prep kitchen, and private theatre. A must-see in the heart of the city! **Note: Virtual Staging Used For Illustration Purposes Only** (id:66096)

Property Details

MLS®: C13816350
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 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: $364/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,043.72/yr
Listed: 44 days ago

Rooms

Flat

Living room: 3.25 x 3.07 meters
Dining room: 3.04 x 2.92 meters
Kitchen: 3.04 x 2.92 meters
Primary Bedroom: 3.32 x 2.64 meters
Bedroom 2: 2.33 x 2.43 meters

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

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Blinds
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,037

List price

$570K

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 (Bay Street Corridor) has been listed for 44 days, which is 15 days fresher than the city average of 59. Act while there is still low competition.

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Listed by BENCHMARK SIGNATURE REALTY INC. · JEFF LAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $569,900, about 8.4× the local median household income of $67,500.

Carrying it typically needs a household income of about $111,321 (20% down, 25-yr amortization, stress-tested) — roughly 65% 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)

$569,900· $1,037/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,990

Min 5.61%50%

Mortgage payment$2,982/mo

↳ CMHC premium ($21,516 capitalized)

Property tax (est.)$337/mo

Condo fee$364/mo

Total monthly$3,683

Cash Needed to Close

Down payment (5.61%)$31,990

Land transfer tax$15,746

Est. closing costs$4,210

Total cash needed$51,946

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