$749,000

For sale

#2602 87 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#2602 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V2G4

2 beds2 baths1 parking750 ft²$726/mo condo feeListed 10 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 10 days, fresher than the Toronto average of 57 days.

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Description

Luxury Living at Noir Residences by Menkes in the Heart of Toronto's Entertainment District! This exceptional corner suite offers 2 bedrooms and 2 full bathrooms, showcasing desirable southwest exposure with captivating city skyline and waterfront views from two private balconies. Floor-to-ceiling windows flood the space with natural light, while the functional layout is ideal for both end-users and investors alike. Perfectly situated steps from the TTC, TIFF Bell Lightbox, Rogers Centre, Roy Thomson Hall, Princess of Wales Theatre, renowned restaurants, cafes, and nightlife, with convenient walking access to the Financial Districtand subway stations. An outstanding opportunity to live in one of downtown Toronto's most sought-after neighbourhoods or secure a turnkey investment with an excellent existing tenant already inplace. Includes 1 locker and premium features such as built-in refrigerator, dishwasher, stove, microwave, washer and dryer, existing light fixtures, two balconies, and custom California Closets. Residents enjoy world-class amenities including 24-hour concierge service, a state-of-the-art fitness centre, yoga studio, steam room, theatre lounge, party room, guest suites, outdoor BBQ terrace, and pet spa. (id:66096)

Property Details

MLS®: C14119686
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $726/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,112.79/yr
Listed: 10 days ago

Rooms

Flat

Living room: 3.07 x 3.02 meters
Dining room: 3.33 x 5.05 meters
Kitchen: 3.33 x 5.06 meters
Primary Bedroom: 2.97 x 3.05 meters
Bedroom 2: 2.69 x 2.72 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, Dryer, Microwave, Oven - Built-In
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$999

List price

$749K

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 10 days, which is 47 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX EXPERTS · GABE LAKATOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $749,000, about 8.2× the local median household income of $91,000.

Carrying it typically needs a household income of about $146,306 (20% down, 25-yr amortization, stress-tested) — roughly 61% 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)

$749,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment6.66% · $49,900.00

Min 6.66%50%

Mortgage payment$3,876/mo

↳ CMHC premium ($27,964 capitalized)

Property tax (est.)$343/mo

Condo fee$726/mo

Total monthly$4,945

Cash Needed to Close

Down payment (6.66%)$49,900

Land transfer tax$22,910

Est. closing costs$4,747

Total cash needed$77,557

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