$289,000

For sale

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#2819 1 Massey Square, Toronto (Crescent Town) - Single Family for Sale

#2819 1 Massey Square, Toronto (Crescent Town), Ontario, M4C5L4

1 bed1 bath0 parking ft²

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#1710 1 Massey Square, Toronto (Crescent Town), Ontario, M4C5L4

For sale

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Investment analysis

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$289,000

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 $289,000, it is attractively priced about 28% below the $399,000 median asking price in Toronto. It has been on the market 19 days, fresher than the Toronto average of 55 days.

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Description

Welcome to Suite 1819 at 1 Massey Square! This virtually staged, upgraded 1-bedroom condo offers stylish, move-in-ready living in one of East Toronto's most convenient communities. Enjoy a bright and functional layout with modern finishes throughout. Walk to Victoria Park Subway Station, Crescent Town Public School, daycare, parks, grocery stores, medical clinics, places of worship, 24-hour security, gym and the community centre. Everything you need is just steps from your door. Rental parking and locker available. .An excellent opportunity for first-time buyers, downsizers, or investors looking for comfort, convenience, and value. (id:66096)

Property Details

MLS®: E14085550
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Radiant heat, Electric
Cooling: None
Garage: Garage, Underground
Condo Fee: $625/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $957.7/yr
Listed: 19 days ago

Market Timing

Days on market

19d

Toronto (Crescent Town) listings, avg age

55d

Price / ft²

$445

List price

$289K

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 (M4C)

This home lists at $289,000, about 3.5× the local median household income of $83,000.

Carrying it typically needs a household income of about $56,452 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$289,000· $445/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,450

Min 5%50%

Mortgage payment$1,522/mo

↳ CMHC premium ($10,982 capitalized)

Property tax (est.)$80/mo

Condo fee$625/mo

Total monthly$2,227

Cash Needed to Close

Down payment (5%)$14,450

Land transfer tax$5,620

Est. closing costs$3,367

Total cash needed$23,437

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

#2819 1 Massey Square, Toronto (Crescent Town) - Single Family for Sale

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