$790,000

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#2805 501 YONGE Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#2805 501 YONGE Street, Toronto (Church-Yonge Corridor), Ontario, M4Y0G8

3 beds2 baths1 parking750 ft²$760/mo condo feeListed 93 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space.

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Description

Welcome to Teahouse Condominiums! This bright 2 bedrooms + den, Den can be used as 3rd bedroomwith Private door , walk out to balcony Bright & sunshine !! 2-bathroom suite with parkingoffers a functional open-concept layout, floor-to-ceiling windows, modern finishes, and a sleekkitchen with built-in appliances. Located in the heart of downtown Toronto, you're steps fromTTC, the University of Toronto, subway stations, hospitals, Eaton Centre, restaurants, and theFinancial District. Enjoy premium amenities including a 24-hour concierge, outdoor pool, spa,sauna, fitness centre, lounges, and party rooms....etc.Good income to have as 3 bedrooms rentout or with enjoyment for your family sizes!!! Easy showing with lockbox, please remove shoes ,leave all lights open ,Do not use washroom and respect with the beautiful cleaned unit !!! (id:66096)

Property Details

MLS®: C13640382
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 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: $760/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $4,672.93/yr
Listed: 93 days ago

Rooms

Flat

Living room: 3.35 x 5.58 meters
Dining room: 3.35 x 5.5 meters
Kitchen: 3.35 x 5.58 meters
Primary Bedroom: 2.93 x 3.08 meters
Bedroom 2: 2.74 x 2.62 meters
Den: 3.78 x 2.16 meters

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

Features

Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

93d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$1,054

List price

$790K

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 3-bed single family in Toronto (Church-Yonge Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by FIRST CLASS REALTY INC. · YU YING LI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $790,000, about 12.7× the local median household income of $62,400.

Carrying it typically needs a household income of about $154,315 (20% down, 25-yr amortization, stress-tested) — roughly 147% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$790,000· $1,054/ft²

For sale

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Full Cost Breakdown

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Down Payment6.84% · $54,000

Min 6.84%50%

Mortgage payment$4,081/mo

↳ CMHC premium ($29,440 capitalized)

Property tax (est.)$389/mo

Condo fee$760/mo

Total monthly$5,230

Cash Needed to Close

Down payment (6.84%)$54,000

Land transfer tax$24,550

Est. closing costs$4,870

Total cash needed$83,420

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#2805 501 YONGE Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M4Y)

Book a showing

Full Cost Breakdown