$348,000

For sale

#305 785 Browns Line, Toronto (Alderwood) - Single Family for Sale

#305 785 Browns Line, Toronto (Alderwood), Ontario, M8W3V8

2 beds1 bath1 parking750 ft²$794/mo condo feeListed 27 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $348,000, it is attractively priced about 34% below the $530,000 median asking price in Toronto. It has been on the market 27 days, fresher than the Toronto average of 43 days.

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Description

Welcome to Alderwood Towers! This spacious southeast corner 2-bedroom co-operative apartment offers an affordable opportunity to live in the heart of Alderwood. Enjoy generous principal rooms, plenty of storage, air conditioning, a rare feature in the building, and the convenience of included parking. No rentals permitted. This is an owner-occupied co-operative building. The well-maintained building features an outdoor pool, visitor parking and on-site laundry. Monthly maintenance fees include property taxes, helping to keep monthly carrying costs predictable. Ideally located steps from Alderwood Plaza, including Farm Boy and everyday amenities, with TTC nearby and easy access to Sherway Gardens, Long Branch GO, Highway 427, the QEW, parks and trails. A fantastic opportunity for first-time buyers, downsizers or anyone looking for a spacious home in a convenient South Etobicoke location. (id:66096)

Property Details

MLS®: W13875410
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: Garage, Underground
Condo Fee: $794/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Listed: 27 days ago

Rooms

Main level

Kitchen: 3.26 x 2.21 meters
Dining room: 2.35 x 3.01 meters
Living room: 4.66 x 3.6 meters
Bedroom 2: 2.65 x 4.07 meters
Primary Bedroom: 4.39 x 3.12 meters

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

Features

Appliances: Refrigerator, Stove, Blinds
Flooring: Tile, Parquet
Exterior: Brick
Lot Features: Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Toronto (Alderwood) listings, avg age

43d

Price / ft²

$464

List price

$348K

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 (Alderwood) has been listed for 27 days, which is 16 days fresher than the city average of 43. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · JENNIFER VAN GEYTENBEEK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8W)

This home lists at $348,000, about 3.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $67,977 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 22,381
Median age: 41.6
Owner / renter: 65% / 36%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M8W)

$348,000· $464/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,400

Min 5%50%

Mortgage payment$1,833/mo

↳ CMHC premium ($13,224 capitalized)

Est. property tax$0/mo

Condo fee$794/mo

Total monthly$2,627

Cash Needed to Close

Down payment (5%)$17,400

Land transfer tax$7,390

Est. closing costs$3,544

Total cash needed$28,334

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