$575,000

For sale

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#308 5508 Yonge Street Northeast, Toronto (Willowdale West) - Single Family for Sale

#308 5508 Yonge Street Northeast, Toronto (Willowdale West), Ontario, M2N7L2

2 beds2 baths1 parking ft²

#308 5508 Yonge Street Northeast, Toronto (Willowdale West), Ontario, M2N7L2

2 bd2 ba1 pk850 ft²+$655/mo

Listed by HOMELIFE LANDMARK REALTY INC.

#811 5444 Yonge Street, Toronto (Willowdale West), Ontario, M2N6J4

For saleJust listed

Today

$548K

#811 5444 Yonge Street, Toronto (Willowdale West), Ontario, M2N6J4

2 bd2 ba1 pk1,300 ft²+$1247/mo

Listed by FOREST HILL REAL ESTATE INC.

#508 5168 Yonge Street, Toronto (Willowdale West), Ontario, M2N5P6

For saleJust listed

Today

$530K

#508 5168 Yonge Street, Toronto (Willowdale West), Ontario, M2N5P6

1 bd1 ba550 ft²+$409/mo

Listed by HC YouHome Realty Inc.

#212 503 Beecroft Road, Toronto (Willowdale West), Ontario, M2N0A2

For saleJust listed

Yesterday

$470K

#212 503 Beecroft Road, Toronto (Willowdale West), Ontario, M2N0A2

2 bd1 ba1 pk650 ft²+$767/mo

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Investment analysis

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$575,000

Toronto

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$655/mo condo fee

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Its $575,000 asking price sits right in line with the $600,000 median in Toronto. It has been on the market 32 days, fresher than the Toronto average of 73 days.

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Description

Location, W/Wrap Around Large Balcony Off Yonge Side, Open-Concept 2 Bedroom, 2 Washroom, Overlooking Inner Corner Unit On Yonge Street In The Heart Of North York! Steps To TTC Subway (Finch Station), Go Bus Terminal, Shoppers Drug Mart, Restaurants. Easy 401 Access. Parking & Locker Included. Party Room, Exercise Room, Virtual Golf, Theater Room, Billiard, Business Center 24 Hours Concierge Security. (id:66096)

Property Details

MLS®: C13860584
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: $655/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,031/yr
Listed: 32 days ago

Rooms

Flat

Kitchen: 2.36 x 2.87 meters
Other: 15.82 x 1.42 meters
Dining room: 3.61 x 5.05 meters
Living room: 3.61 x 5.05 meters
Primary Bedroom: 3.68 x 2.95 meters
Bedroom 2: 2.77 x 2.62 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Concrete
Lot Features: Elevator, Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Toronto (Willowdale West) listings, avg age

73d

Price / ft²

$677

List price

$575K

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 (Willowdale West) has been listed for 32 days, which is 41 days fresher than the city average of 73. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · KUNAL SHAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $575,000, about 7.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$575,000· $677/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$253/mo

Condo fee$655/mo

Total monthly$3,915

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$15,950

Est. closing costs$4,225

Total cash needed$52,675

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice