$849,000

For sale

#302 1 Lomond Drive, Toronto (Islington-City Centre West) - Single Family for Sale

#302 1 Lomond Drive, Toronto (Islington-City Centre West), Ontario, M8X2Z3

3 beds2 baths1 parking1,300 ft²$1,334/mo condo feeListed 37 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Unit 302 at 1 Lomond Drive, ideally situated in a sought-after west-end neighbourhood. This well-appointed 2+Den, 2 Bathroom suite offers 1,250 sq. ft. of living space, with a functional layout that includes generous living and dining areas, a versatile den, in-suite laundry and one dedicated parking space. The renovated kitchen features a bright breakfast area with a window, while both bedroom offer walk-in closets. Enjoy an exceptional location with Thomas Riley park directly behind the building and Islington subway station just steps away. The Kingsway is nearby, offering an array of shops, cafes and restaurant, with Sobeys and GoodLife Fitness directly across the street. Excellent schools are also within close proximity. Residents enjoy a full range of building amenities, including 24-hour concierge service, party room, gym, billiards room and bicycle storage. This smoke-free building offers a well-rounded lifestyle with generous living space, thoughtful updates and an unbeatable west-end location with everyday essentials and recreation right outside your door. (id:66096)

Property Details

MLS®: W13834756
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,334/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,105.12/yr
Listed: 37 days ago

Rooms

Flat

Foyer: 1.47 x 1.14 meters
Living room: 5 x 3.65 meters
Dining room: 3.35 x 3.05 meters
Den: 3.4 x 3.1 meters
Kitchen: 2.79 x 2.44 meters
Eating area: 2.44 x 2.44 meters
Primary Bedroom: 4.26 x 3.2 meters
Bedroom: 3.65 x 2.74 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, Window Coverings
Flooring: Hardwood, Marble, Ceramic
Exterior: Brick
Lot Features: Ravine, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Islington-City Centre West) listings, avg age

57d

Price / ft²

$653

List price

$849K

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 3-bed single family in Toronto (Islington-City Centre West) has been listed for 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE WEST REALTY GROUP LTD. · ANNA KLIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8X)

This home lists at $849,000, about 6.1× the local median household income of $139,000.

Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $139,000
Population: 10,624
Median age: 50.8
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M8X)

$849,000· $653/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,900.00

Min 7.06%50%

Mortgage payment$4,375/mo

↳ CMHC premium ($31,564 capitalized)

Property tax (est.)$342/mo

Condo fee$1,334/mo

Total monthly$6,051

Cash Needed to Close

Down payment (7.06%)$59,900

Land transfer tax$26,910

Est. closing costs$5,047

Total cash needed$91,857

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