$508,800

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Investment analysis

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$508,800

Toronto

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#3101 8 Olympic Garden Drive, Toronto (Newtonbrook East) - Single Family for Sale

#3101 8 Olympic Garden Drive, Toronto (Newtonbrook East), Ontario, M2M0B9

2 beds2 baths1 parking650 ft²$485/mo condo feeListed Yesterday

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $508,800, it is attractively priced about 9% below the $560,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 67 days.

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

Description

This is an incredible opportunity in the prestigious M2M development, located in North York, Toronto, at the prime intersection of Yonge and Finch. Unit 3101 is a spacious 1-bedroom plus 1 large Den with a stunning, unobstructed view. The location is unbeatable-right in the heart of North York, offering unparalleled convenience and access to public transit, shopping, and entertainment. The apartment features an open concept, large windows, large bedroom, large Den, two bathrooms, engineered hard wood flooring, modern kitchen with Built-in Appliances. Also, this unit has plenty of natural light, and a clean, unobstructed view. Additionally, it includes one parking space and a locker for your convenience. This apartment is now listed on the market, and if you're interested, please reach out via private message so we can arrange a personal showing. Don't miss your chance to own a breathtaking home in a prime location! (id:66096)

Property Details

MLS®: C14152330
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $485/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,729.13/yr
Listed: Yesterday

Features

Appliances: Washer, Refrigerator, Dishwasher, Range, Oven, Dryer, Microwave, Cooktop, Oven - Built-In, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$783

List price

$509K

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 (Newtonbrook East) has been listed for 1 day, which is 66 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · REZA PEYVANDI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $508,800, about 6.3× the local median household income of $81,000.

Carrying it typically needs a household income of about $99,386 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$508,800· $783/ft²

For sale

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Full Cost Breakdown

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Down Payment5.09% · $25,880

Min 5.09%50%

Mortgage payment$2,677/mo

↳ CMHC premium ($19,317 capitalized)

Property tax (est.)$311/mo

Condo fee$485/mo

Total monthly$3,473

Cash Needed to Close

Down payment (5.09%)$25,880

Land transfer tax$13,302

Est. closing costs$4,026

Total cash needed$43,208

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