$588,000

For saleJust listed

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#2608 25 Richmond Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#2608 25 Richmond Street East, Toronto (Church-Yonge Corridor), Ontario, M5C0A6

2 beds2 baths parking

#1804 88 Scott Street, Toronto (Church-Yonge Corridor), Ontario, M5E0A9

2 bd1 ba650 ft²+$588/mo

Listed by CITYSCAPE REAL ESTATE LTD.

#2509 251 Jarvis Street, Toronto (Church-Yonge Corridor), Ontario, M5B0C3

For saleJust listed

Today

$419K

#2509 251 Jarvis Street, Toronto (Church-Yonge Corridor), Ontario, M5B0C3

2 bd1 ba550 ft²+$568/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

#3810 50 Wellesley Street East, Toronto (Church-Yonge Corridor), Ontario, M4Y0C8

For saleJust listed

Today

$645K

#3810 50 Wellesley Street East, Toronto (Church-Yonge Corridor), Ontario, M4Y0C8

2 bd2 ba750 ft²+$492/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

#4707 1 Bloor Street East, Toronto (Church-Yonge Corridor), Ontario, M4W1A9

For saleJust listed

Today

$928K

#4707 1 Bloor Street East, Toronto (Church-Yonge Corridor), Ontario, M4W1A9

3 bd2 ba1 pk850 ft²+$828/mo

Listed by HOMELIFE LANDMARK REALTY INC.

Investment analysis

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$588,000

Toronto

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$602/mo condo fee

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $588,000 asking price sits right in line with the $595,000 median in Toronto. It has been on the market 6 days, fresher than the Toronto average of 63 days.

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Description

Enjoy An Unbeatable Downtown Living in This Rarely Found Yonge+Rich Condo! Offers 1b+den with Two Full Bathrooms! South Facing Balcony with Beautiful Lake View. Spacious Den with Large Windows and Sliding Door Can Be Used as Second Bedroom. Upgraded Laminate Flooring Throughout the Unit. Oversized 152 sqft. Balcony Offers Exceptional Outdoor Living Experience. Convenient Location Just Steps Away From TTC Subway, PATH, University of Toronto, Eaton Shopping Centre, and Financial Districts. (id:66096)

Property Details

MLS®: C14129156
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $602/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,452.9/yr
Listed: 6 days ago

Rooms

Flat

Bedroom: 3.1 x 2.82 meters
Den: 2.69 x 2.11 meters
Living room: 3.12 x 2.57 meters
Dining room: 3.12 x 2.69 meters
Kitchen: 3.12 x 2.69 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, Window Coverings
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

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$905

List price

$588K

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 (Church-Yonge Corridor) has been listed for 6 days, which is 57 days fresher than the city average of 63. Act while there is still low competition.

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Listed by MASTER'S TRUST REALTY INC. · TUNG EDWARD SIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5C)

This home lists at $588,000, about 6.6× the local median household income of $89,000.

Carrying it typically needs a household income of about $114,857 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $89,000
Population: 3,149
Median age: 36.4
Owner / renter: 47% / 53%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5C)

$588,000· $905/ft²

For sale

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Full Cost Breakdown

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Down Payment5.75% · $33,800.00

Min 5.75%50%

Mortgage payment$3,073/mo

↳ CMHC premium ($22,168 capitalized)

Property tax (est.)$288/mo

Condo fee$602/mo

Total monthly$3,962

Cash Needed to Close

Down payment (5.75%)$33,800

Land transfer tax$16,470

Est. closing costs$4,264

Total cash needed$54,534

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice