$549,800

For sale

#2810 87 Peter Street, Toronto (Waterfront Communities) - Single Family for Sale

#2810 87 Peter Street, Toronto (Waterfront Communities), Ontario, M5V2G5

2 beds1 bath0 parking550 ft²$481/mo condo feeListed 38 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $549,800, it is attractively priced about 13% below the $629,900 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 57 days.

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Description

Motivated Seller. Noir Residences by Menkes! Located in the heart of Toronto's Entertainment District, this bright and spacious 1 Bed + Den offers approximately 574 sq. ft. of well-designed living space. The spacious den features sliding glass doors for added privacy, making it a versatile space that can easily be used as a second bedroom, nursery, home office, or additional living space. Enjoy 9-ft ceilings, laminate flooring throughout, an open-concept layout, and lots of natural light. Modern kitchen features quartz countertops and integrated appliances. Step out onto the large open balcony with plenty of room to enjoy the outdoors. Unbeatable downtown location just steps to TTC, restaurants, hotels, shopping, TIFF, Roy Thomson Hall, Rogers Centre, Scotiabank Arena, and the city's best entertainment and nightlife. (id:66096)

Property Details

MLS®: C13836798
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $481/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,885.09/yr
Listed: 38 days ago

Rooms

Flat

Living room: 4.3 x 3.37 meters
Dining room: 4.3 x 3.37 meters
Kitchen: 4.3 x 3.37 meters
Bedroom: 3.72 x 2.38 meters
Den: 3.15 x 2.17 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, Blinds
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,001

List price

$550K

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 (Waterfront Communities) has been listed for 38 days, which is 19 days fresher than the city average of 57. Act while there is still low competition.

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Listed by BRAD J. LAMB REALTY 2016 INC. · BRANDON OLIVEIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $549,800, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,395 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$549,800· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,980.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,793 capitalized)

Property tax (est.)$240/mo

Condo fee$481/mo

Total monthly$3,603

Cash Needed to Close

Down payment (5.45%)$29,980

Land transfer tax$14,942

Est. closing costs$4,149

Total cash needed$49,071

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