$573,000

For sale

#2905 8 York Street, Toronto (Waterfront Communities) - Single Family for Sale

#2905 8 York Street, Toronto (Waterfront Communities), Ontario, M5J2Y2

1 bed1 bath0 parking650 ft²$578/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $573,000, it is attractively priced about 9% 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 8 York Street - a standout opportunity in Toronto's waterfront where lifestyle meets a rare financial advantage. Here's what makes this truly unique: The seller is covering 12 months of maintenance fees. Intoday's condo market, that's a rare incentive - and a serious edge.This means:. Lower monthly carrying costs from day one. Stronger cash flow positioning. Time to comfortably adjust to ownership expenses. Reduced financial pressure in your first year. Whether you're a first-time buyer or investor, this is your chance to step in strategically -not stressfully. For investors, this translates into improved first-year cash flow and stronger rental positioning right out of the gate - with comparable units in the area commanding solid rental demand.This bright and efficient 1-bedroom suite offers over 600 sq ft of open-concept living, modern finishes, and floor-to-ceiling windows that flood the space with natural light while showcasing stunning lake views - a layout that feels both functional and elevated. Enjoy premium amenities including indoor & outdoor pools, fitness centre, sauna, party room, guest suites, 24-hour concierge, and visitor parking. With PATH and steps to Union Station, commuting across the city is effortless. Surrounded by the waterfront, restaurants, cafes, and everyday essentials, this is downtown living done right - with an advantage most listings simply don't offer. Opportunities like this don't come often. Act fast. (id:66096)

Property Details

MLS®: C14084622
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $578/mo
Fee Includes: Common Area Maintenance, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,800/yr
Listed: 22 days ago

Rooms

Main level

Living room: 5.59 x 3.25 meters
Dining room: 5.59 x 3.25 meters
Kitchen: 3.49 x 2.25 meters
Primary Bedroom: 3.66 x 3.38 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, Stove, Dryer, Microwave, Hood Fan
Foundation: Unknown
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$882

List price

$573K

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 RE/MAX EXPERTS · IMRAZ RAMANI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5J)

This home lists at $573,000, about 6.1× the local median household income of $94,000.

Carrying it typically needs a household income of about $111,927 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $94,000
Population: 16,879
Median age: 33.6
Owner / renter: 43% / 57%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5J)

$573,000· $882/ft²

For sale

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Full Cost Breakdown

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Down Payment5.64% · $32,300

Min 5.64%50%

Mortgage payment$2,998/mo

↳ CMHC premium ($21,628 capitalized)

Property tax (est.)$233/mo

Condo fee$578/mo

Total monthly$3,809

Cash Needed to Close

Down payment (5.64%)$32,300

Land transfer tax$15,870

Est. closing costs$4,219

Total cash needed$52,389

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