$999,000

For sale

#2606 8 Cumberland Street, Toronto (Annex) - Single Family for Sale

#2606 8 Cumberland Street, Toronto (Annex), Ontario, M4W0B6

2 beds2 baths1 parking750 ft²$782/mo condo feeListed 29 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Its $999,000 asking price sits right in line with the $1,029,000 median in Toronto. It has been on the market 29 days, fresher than the Toronto average of 58 days.

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Description

Living in Yorkville is having everything you need right at your doorstep. This 2-bedroom, 2-bathroom suite at 8 Cumberland comes with something especially rare in this neighbourhood, its OWN PARKING SPACE. Inside, a bright, modern layout is complemented by with floor-to-ceiling windows with stunning east-facing views overlooking the Rosedale ravine and treetops, offering a beautiful backdrop from morning through evening. Step outside and some of Toronto's best restaurants, cafes, shops and neighbourhood favourites are just moments away. Grab a coffee around the corner, spend an afternoon along Bloor, meet friends for dinner without getting in the car, or hop on the subway when you need to get across the city. At home, there's room to live, work and unwind, while the building extends that lifestyle with a fully equipped fitness centre, yoga space, party and games lounges, business lounge, outdoor terrace with dining and BBQ areas. It's an effortless way to experience one of Toronto's most sought-after neighbourhoods, with everything you need close to home. (id:66096)

Property Details

MLS®: C13868366
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: $782/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $5,816.22/yr
Listed: 29 days ago

Rooms

Main level

Kitchen: 3.54 x 1.59 meters
Living room: 3.07 x 3.92 meters
Dining room: 3.54 x 2.32 meters
Primary Bedroom: 2.71 x 3.25 meters
Bedroom 2: 3.13 x 3.25 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, Oven, Dryer, Microwave, Cooktop, Oven - Built-In, Window Coverings
Exterior: Concrete
Lot Features: Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,333

List price

$999K

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 29 days, which is 29 days fresher than the city average of 58. Act while there is still low competition.

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Listed by KELLER WILLIAMS REALTY CENTRES · TALIA BLACK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4W)

This home lists at $999,000, about 9.6× the local median household income of $104,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 88% 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)

$999,000· $1,333/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$485/mo

Condo fee$782/mo

Total monthly$6,390

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$32,910

Est. closing costs$5,497

Total cash needed$113,307

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