$549,900

For sale

#311 80 Marine Parade Drive, Toronto (Mimico) - Single Family for Sale

#311 80 Marine Parade Drive, Toronto (Mimico), Ontario, M8V0A3

1 bed1 bath1 parking650 ft²$610/mo condo feeListed 53 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,900, it is attractively priced about 15% below the $650,000 median asking price in Toronto. It has been on the market 53 days, fresher than the Toronto average of 58 days.

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Description

Beautifully appointed one bedroom corner unit with a large oversized Balcony (270 Sqft) with two walk-outs overlooking the colourful landscaped garden. This rare Podium level unit allows for convenient access to the five star 5th floor roof-top BBQ deck & lounge area that features cabana seating & gas fire pits overlooking the lake and city skyline. Unit Also provides for quick & convenient accessibility from the podium level elevators to the side of the building. Spacious living area allowing for you to furnish to your personal taste. Bright & clean white kitchen cabinets & granite counter-tops. The spacious bedroom features a walk-out to the balcony as well as a large window., plenty of natural light. Also includes a large double pantry space for additional storage needs. The storage locker conveniently located on the same 3rd floor, down the hall from the unit. Building offers best of amenities, steps to local coffee shops, restaurants & miles of walking and biking paths along the lake. (id:66096)

Property Details

MLS®: W13780372
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Waterfront: Yes
Condo Fee: $610/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,050/yr

Rooms

Main level

Living room: 4.88 x 4.6 meters
Dining room: 4.88 x 4.6 meters
Kitchen: 4.88 x 4.6 meters
Primary Bedroom: 3.81 x 3.05 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, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$847

List price

$550K

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 1-bed single family in Toronto (Mimico) has been listed for 53 days, which is 5 days fresher than the city average of 58. Act while there is still low competition.

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Listed by WESTVIEW REALTY INC. · MANNY ANAGNOSTAKIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $549,900, about 7.0× the local median household income of $79,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$549,900· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$171/mo

Condo fee$610/mo

Total monthly$3,663

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$14,946

Est. closing costs$4,150

Total cash needed$49,086

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