$430,000

For saleJust listed

#307 2901 Kipling Avenue, Toronto (Mount Olive-Silverstone-Jamestown) - Single Family for Sale

#307 2901 Kipling Avenue, Toronto (Mount Olive-Silverstone-Jamestown), Ontario, M9V5E5

2 beds2 baths1 parking850 ft²$776/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $430,000, it is attractively priced about 11% below the $484,900 median asking price in Toronto. It has been on the market 2 days, fresher than the Toronto average of 63 days.

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Description

Bright and spacious, well-maintained 2-bedroom, 2-washroom condo apartment flooded with natural light from large west-facing windows. Features new flooring throughout and fresh paint. A convenient laundry closet with built-in shelving adds extra functionality and storage. The unit offers two generously sized bedrooms, including a primary suite with a 5-piece ensuite bath. The second bedroom is ideal for guests, children, or a home office, with an additional4-piece bathroom serving the unit. Close to all amenities. Building amenities include an outdoor pool, recreation room, sauna, gym, security system, and ample visitor parking. Conveniently located near major highways and steps to TTC. Monthly condo maintenance fees include air conditioning, heat, water, parking, building insurance, and common elements. (id:66096)

Property Details

MLS®: W14141914
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: $776/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,109/yr
Listed: 2 days ago

Rooms

Flat

Living room: 5.74 x 3.71 meters
Dining room: 5.74 x 3.71 meters
Kitchen: 2.65 x 2.02 meters
Primary Bedroom: 5.92 x 3.27 meters
Bedroom 2: 4.42 x 2.7 meters
Foyer: 3.89 x 1.75 meters

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

Features

Appliances: Washer, Dryer, Window Coverings
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mount Olive-Silverstone-Jamestown) listings, avg age

63d

Price / ft²

$506

List price

$430K

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 (Mount Olive-Silverstone-Jamestown) has been listed for 2 days, which is 61 days fresher than the city average of 63. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · SARA ASHJA ARDALAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9V)

This home lists at $430,000, about 5.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $83,994 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.

Median household income: $82,000
Population: 53,878
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M9V)

$430,000· $506/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,500

Min 5%50%

Mortgage payment$2,265/mo

↳ CMHC premium ($16,340 capitalized)

Property tax (est.)$92/mo

Condo fee$776/mo

Total monthly$3,134

Cash Needed to Close

Down payment (5%)$21,500

Land transfer tax$10,150

Est. closing costs$3,790

Total cash needed$35,440

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