$535,000

For saleJust listed

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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 baths parking

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Investment analysis

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$535,000

Toronto

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Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $535,000, it is attractively priced about 11% below the $600,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 73 days.

Condos for Sale in Toronto →All real estate in Toronto →

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®: C14156236
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: Today

Market Timing

Days on market

Toronto (Willowdale West) listings, avg age

73d

Price / ft²

$630

List price

$535K

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.

Area context

Neighbourhood profile (M2N)

This home lists at $535,000, about 6.5× the local median household income of $82,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 27% 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)

$535,000· $630/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$253/mo

Condo fee$655/mo

Total monthly$3,715

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$14,350

Est. closing costs$4,105

Total cash needed$46,955

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

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

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Neighbourhood profile (M2N)

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