$988,000

For sale

#302 181 Davenport Road, Toronto (Annex) - Single Family for Sale

#302 181 Davenport Road, Toronto (Annex), Ontario, M5R1J1

2 beds2 baths1 parking850 ft²$1,316/mo condo feeListed 9 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $988,000, it is attractively priced about 6% below the $1,049,995 median asking price in Toronto. It has been on the market 9 days, fresher than the Toronto average of 58 days.

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Description

Discover boutique Yorkville living at 181 Davenport, an exclusive residence of just 68 suites. This beautifully appointed corner suite offers a highly desirable combination of two bedrooms, two full bathrooms and two private balconies.Floor-to-ceiling windows bring natural light into the open-concept living and dining space, anchored by a sophisticated kitchen with a Caesarstone island and premium Miele appliances. The primary bedroom features a walk-in closet and ensuite bathroom, while the versatile second bedroom enjoys its own closet, and private balcony-equally suited to guests or a dedicated home office. Heated bathroom floors add an extra touch of everyday luxury.Complete with a dedicated underground parking space and an owned locker, residents enjoy 24-hour white glove concierge service, valet parking, fitness facilities and guest suites. Just steps from, Yorkville's celebrated shops and restaurants, the ROM and the University of Toronto.An exceptional opportunity for refined, lock-and-leave living in one of Toronto's most sought-after neighbourhoods. (id:66096)

Property Details

MLS®: C14117812
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,316/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $5,739.49/yr
Listed: 9 days ago

Rooms

Main level

Living room: 3.96 x 2.25 meters
Dining room: 3.96 x 2.25 meters
Kitchen: 3.36 x 3.36 meters
Primary Bedroom: 3.36 x 2.75 meters
Office: 2.92 x 2.27 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Oven - Built-In
Flooring: Hardwood
Exterior: Concrete, Stone
Lot Features: Lighting, Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,163

List price

$988K

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 2-bed single family in Toronto (Annex) has been listed for 9 days, which is 49 days fresher than the city average of 58. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · ASHLEY MINTS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $988,000, about 11.5× the local median household income of $86,000.

Carrying it typically needs a household income of about $192,991 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$988,000· $1,163/ft²

For sale

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Full Cost Breakdown

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Down Payment7.47% · $73,800

Min 7.47%50%

Mortgage payment$5,068/mo

↳ CMHC premium ($36,568 capitalized)

Property tax (est.)$478/mo

Condo fee$1,316/mo

Total monthly$6,863

Cash Needed to Close

Down payment (7.47%)$73,800

Land transfer tax$32,470

Est. closing costs$5,464

Total cash needed$111,734

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