$675,000

For saleJust listed

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#3016 25 Telegram Mews, Toronto (Waterfront Communities) - Single Family for Sale

#3016 25 Telegram Mews, Toronto (Waterfront Communities), Ontario, M5V3Z1

3 beds2 baths parking

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Investment analysis

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$675,000

Toronto

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Description

Beautiful two bedroom unit with parking, locker, and amazing views of the city. This unit features breathtaking views from the 30th floor and huge windows which provides tons of natural light, and an open concept layout perfect for entertaining. Each bedroom has an ensuite bathroom, perfect for roommates and couples. Walking distance to the lake, parks, entertainment district, rogers centre, sobeys, loblaws, and much more. Transit at your doorstep. Don't miss this opportunity to live in the heart of the city! (id:66096)

Property Details

MLS®: C14147702
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $602/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,212/yr
Listed: Today

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$901

List price

$675K

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 $675,000, about 7.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $131,851 (20% down, 25-yr amortization, stress-tested) — roughly 45% 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)

$675,000· $901/ft²

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Full Cost Breakdown

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Down Payment6.30% · $42,500.00

Min 6.30%50%

Mortgage payment$3,507/mo

↳ CMHC premium ($25,300 capitalized)

Property tax (est.)$268/mo

Condo fee$602/mo

Total monthly$4,376

Cash Needed to Close

Down payment (6.30%)$42,500

Land transfer tax$19,950

Est. closing costs$4,525

Total cash needed$66,975

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

#3016 25 Telegram Mews, Toronto (Waterfront Communities) - Single Family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (M5V)

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