$479,000

For sale

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#2804 14 York Street, Toronto (Waterfront Communities) - Single Family for Sale

#2804 14 York Street, Toronto (Waterfront Communities), Ontario, M5J0B1

1 bed1 bath0 parking ft²

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Investment analysis

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$479,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $479,000, it is attractively priced about 24% below the $629,900 median asking price in Toronto. It has been on the market 12 days, fresher than the Toronto average of 57 days.

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

Description

Welcome to this stunning condo apartment situated in the Waterfront Community of Toronto in one of the ICE Condo Towers. Enjoy a Southern Exposure with views of the lake! This modern unit features open concept and high ceilings, and the building offers fantastic amenities, including an indoor pool, meeting/party rooms, sauna, games room, and gym. Conveniently located near public transportation, and short walking distance to the CN Tower, Rogers Centre, Convention Centre, Ripley's Aquarium, the lake, and numerous parks. This is an Airbnb friendly building with excellent investment potential. (id:66096)

Property Details

MLS®: C14109886
Property Type: Single Family
Zoning: Residential Condominium
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Fireplace: Yes
Pool: Yes
Condo Fee: $478/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,567.99/yr
Listed: 12 days ago

Market Timing

Days on market

12d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$737

List price

$479K

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.

Area context

Neighbourhood profile (M5J)

This home lists at $479,000, about 5.1× the local median household income of $94,000.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 16,879
Median age: 33.6
Owner / renter: 43% / 57%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5J)

$479,000· $737/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$297/mo

Condo fee$478/mo

Total monthly$3,298

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$12,110

Est. closing costs$3,937

Total cash needed$39,997

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

#2804 14 York Street, Toronto (Waterfront Communities) - Single Family for Sale

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