$388,000

For sale

#302 625 Sheppard Avenue East, Toronto (Bayview Village) - Single Family for Sale

#302 625 Sheppard Avenue East, Toronto (Bayview Village), Ontario, M2K1B5

0 beds1 bath0 parking250 ft²$342/mo condo feeListed 30 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $388,000, it is attractively priced about 35% below the $599,000 median asking price in Toronto. It has been on the market 30 days, fresher than the Toronto average of 50 days.

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Description

AMAING & UNBEATABLE INVESTMENT OPPORTUNITY!!!!! This stunning brand-new studio condo unit situated in the super convenient prestigious Bayview & Sheppard area. Thoughtfully designed with sleek modern finishes, a bright open-concept layout, and premium built-in appliances, this stylish suite delivers exceptional comfort and contemporary living. Enjoy the best of city convenience in a truly prime location-just steps to transit and Bayview Subway Station, with quick access to the 400-series highways. Minutes from Bayview Village, upscale shops, cafes, and some of the area's finest restaurants, this condo offers unparalleled lifestyle and value. (id:66096)

Property Details

MLS®: C13865120
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $342/mo
Fee Includes: Cable TV, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $2,319/yr
Listed: 30 days ago

Rooms

Flat

Bedroom: 2.74 x 6.28 meters
Kitchen: 2.74 x 6.28 meters
Dining room: 2.74 x 6.28 meters
Living room: 2.74 x 6.28 meters

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

Features

Flooring: Laminate
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$1,555

List price

$388K

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 single family in Toronto (Bayview Village) has been listed for 30 days, which is 20 days fresher than the city average of 50. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · MONICA MAC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $388,000, about 4.7× the local median household income of $83,000.

Carrying it typically needs a household income of about $75,790 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 25,377
Median age: 40.4
Owner / renter: 56% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M2K)

$388,000· $1,555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,400

Min 5%50%

Mortgage payment$2,044/mo

↳ CMHC premium ($14,744 capitalized)

Property tax (est.)$193/mo

Condo fee$342/mo

Total monthly$2,579

Cash Needed to Close

Down payment (5%)$19,400

Land transfer tax$8,590

Est. closing costs$3,664

Total cash needed$31,654

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