$435,000

For sale

#2905 35 Mariner Terrace, Toronto (Waterfront Communities) - Single Family for Sale

#2905 35 Mariner Terrace, Toronto (Waterfront Communities), Ontario, M5V3V9

1 bed1 bath0 parking550 ft²$477/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $435,000, it is attractively priced about 31% below the $629,900 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 57 days.

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Description

Welcome to 35 Mariner Terrace, ideally located in the heart of downtown Toronto's CityPlace neighbourhood. This bright and spacious 1-bedroom suite offers approximately 550 sq. ft. of well-designed living space, featuring an open-concept living and dining area, an L-shaped kitchen with breakfast bar potential, a generously sized bedroom, and the convenience of a full-sized washer and dryer. Large windows bring in plenty of natural light, while the private balcony offers north-facing city views and a bonus glimpse of the CN Tower. The practical layout also offers plenty of opportunity to add your own personal touches and updates over time. Residents enjoy access to an impressive recreational complex just next door, featuring an indoor lap pool, fully equipped gym, bowling lanes, sports court, squash court, theatre, games area with pool and ping pong tables, and an outdoor BBQ area. Steps from TTC, the waterfront, Rogers Centre, CN Tower, restaurants, shops, and some of Toronto's top attractions. A great option for first-time buyers or investors looking for a spacious, well-located downtown condo. Vacant and move-in ready! (id:66096)

Property Details

MLS®: C14079838
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $477/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,247.18/yr
Listed: 22 days ago

Rooms

Ground level

Living room: 3.8 x 3.7 meters
Dining room: 3.8 x 3.7 meters
Kitchen: 3 x 2.15 meters
Bedroom: 3.1 x 3.1 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, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Flooring: Laminate, Carpeted, Ceramic
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$792

List price

$435K

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 1-bed single family in Toronto (Waterfront Communities) has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · JUAN CRUELLS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $435,000, about 4.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $84,971 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$435,000· $792/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,750

Min 5%50%

Mortgage payment$2,291/mo

↳ CMHC premium ($16,530 capitalized)

Property tax (est.)$187/mo

Condo fee$477/mo

Total monthly$2,956

Cash Needed to Close

Down payment (5%)$21,750

Land transfer tax$10,350

Est. closing costs$3,805

Total cash needed$35,905

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