$660,000

For sale

#306 456 College Street, Toronto (Palmerston-Little Italy) - Single Family for Sale

#306 456 College Street, Toronto (Palmerston-Little Italy), Ontario, M6G4A3

2 beds2 baths1 parking850 ft²$1,306/mo condo feeListed 42 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $660,000, it is attractively priced about 17% below the $799,000 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 57 days.

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Description

Downtown with room to breathe. This spacious 1+1 at The Channel Club offers over 860 sq. ft.of flexible living space, with generous living and dining areas, west-facing exposure, full-sized appliances, owned parking and a locker. Set at College & Bathurst, Little Italy is at your doorstep, with Kensington Market, Little Portugal and Trinity Bellwoods all within easy reach. Restaurants, cafés, FreshCo, Shoppers and the TTC are just steps away. Built around a restored 1880s church tower, this boutique building also offers a fitness facility and rooftop terrace. All the vibrancy of downtown, with the space to truly enjoy being home. (id:66096)

Property Details

MLS®: C13827798
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,306/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,908.11/yr
Listed: 42 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Palmerston-Little Italy) listings, avg age

57d

Price / ft²

$777

List price

$660K

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 (Palmerston-Little Italy) has been listed for 42 days, which is 15 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · ILANA SOLOMONS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6G)

This home lists at $660,000, about 7.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $128,921 (20% down, 25-yr amortization, stress-tested) — roughly 42% above the area median.

Median household income: $91,000
Population: 30,600
Median age: 39.6
Owner / renter: 49% / 51%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6G)

$660,000· $777/ft²

For sale

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Full Cost Breakdown

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Down Payment6.21% · $41,000

Min 6.21%50%

Mortgage payment$3,432/mo

↳ CMHC premium ($24,760 capitalized)

Property tax (est.)$242/mo

Condo fee$1,306/mo

Total monthly$4,981

Cash Needed to Close

Down payment (6.21%)$41,000

Land transfer tax$19,350

Est. closing costs$4,480

Total cash needed$64,830

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