$590,000

For sale

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#2808 75 Queens Wharf Road, Toronto (Waterfront Communities) - Single Family for Sale

#2808 75 Queens Wharf Road, Toronto (Waterfront Communities), Ontario, M5V0J8

1 bed1 bath0 parking ft²

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Investment analysis

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$590,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $590,000, it is attractively priced about 6% below the $629,900 median asking price in Toronto. It has been on the market 43 days, fresher than the Toronto average of 57 days.

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

Description

This beautiful one-bedroom Downtown Toronto condo sits in a prime south-west corner, with an open-concept layout and floor-to-ceiling views of the lake and city skyline. Natural light pours in throughout the day, and sliding bedroom doors let you open the space up completely, so you can take in the views right from your bed.The building offers a full suite of amenities, including a gym, fitness centre, indoor pool, theatre room, and party/meeting room. Outside your door, you're steps from restaurants, entertainment, parks, shopping, and transit, with quick access to major highways. (id:66096)

Property Details

MLS®: C13823754
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $542/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,969.49/yr
Listed: 43 days ago

Market Timing

Days on market

43d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,074

List price

$590K

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 (M5V)

This home lists at $590,000, about 6.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $115,248 (20% down, 25-yr amortization, stress-tested) — roughly 27% 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)

$590,000· $1,074/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $34,000

Min 5.76%50%

Mortgage payment$3,083/mo

↳ CMHC premium ($22,240 capitalized)

Property tax (est.)$247/mo

Condo fee$542/mo

Total monthly$3,872

Cash Needed to Close

Down payment (5.76%)$34,000

Land transfer tax$16,550

Est. closing costs$4,270

Total cash needed$54,820

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

#2808 75 Queens Wharf Road, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5V)

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