$410,000

For sale

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#311 180 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

#311 180 Markham Road, Toronto (Scarborough Village), Ontario, M1M2Z9

3 beds2 baths1 parking ft²

13 Vasto Lane, Toronto (Scarborough Village), Ontario, M1M0C6

3 bd3 ba2 pk1,300 ft²+$200/mo

Listed by HOMELIFE/MIRACLE REALTY LTD

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Listed by ROYAL LEPAGE SIGNATURE REALTY

#802 3233 Eglinton Avenue East, Toronto (Scarborough Village), Ontario, M1J3N6

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$520K

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3 bd2 ba2 pk1,300 ft²+$1257/mo

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#9 91 Muir Drive, Toronto (Scarborough Village), Ontario, M1M3T7

For sale

12 days ago

$445K

#9 91 Muir Drive, Toronto (Scarborough Village), Ontario, M1M3T7

3 bd2 ba1 pk1,300 ft²+$780/mo

Listed by RE/MAX HALLMARK REALTY LTD.

Investment analysis

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$410,000

Toronto

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Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $410,000, it is attractively priced about 16% below the $489,000 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 48 days.

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

Description

Spacious three-bedroom condo just minutes from the lake! Featuring fresh paint, a renovated kitchen and an updated washroom, this generous unit offers three well-sized bedrooms, including a primary bedroom with a walk-in closet and ensuite bathroom. Enjoy everyday convenience with Metro across the street and schools, places of worship and TTC access nearby. An excellent opportunity for first-time buyers or investors! (id:66096)

Property Details

MLS®: E14120738
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Natural gas
Cooling: Window air conditioner
Garage: Garage, Underground
Condo Fee: $1,077/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,207/yr
Listed: 8 days ago

Market Timing

Days on market

Toronto (Scarborough Village) listings, avg age

48d

Price / ft²

$316

List price

$410K

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 (M1M)

This home lists at $410,000, about 4.7× the local median household income of $87,000.

Carrying it typically needs a household income of about $80,087 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $87,000
Population: 23,258
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1M)

$410,000· $316/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,500

Min 5%50%

Mortgage payment$2,159/mo

↳ CMHC premium ($15,580 capitalized)

Property tax (est.)$101/mo

Condo fee$1,077/mo

Total monthly$3,337

Cash Needed to Close

Down payment (5%)$20,500

Land transfer tax$9,350

Est. closing costs$3,730

Total cash needed$33,580

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

#311 180 Markham Road, Toronto (Scarborough Village) - Single Family for Sale

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Neighbourhood profile (M1M)

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