$499,000

For sale

#316 295 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

#316 295 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V1P7

2 beds1 bath0 parking650 ft²$461/mo condo feeListed 207 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $499,000, it is attractively priced about 21% below the $629,900 median asking price in Toronto.

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Description

Live in the Heart of the Entertainment District! Step into this beautifully renovated and spacious 1-bedroom + den condo, perfectly designed for modern city living. Sunlight pours over sleek laminate floors and freshly painted walls, highlighting a stylish kitchen with granite countertops and stainless steel appliances. The versatile den is ideal for a home office, creative space, or even a dining area.Sip your morning coffee or unwind after a long day on your private balcony, enjoying vibrant city views. The building offers an incredible suite of amenities, including a 24-hour concierge, indoor pool with hot tub, sauna, fully equipped fitness center, movie theatre, foosball & ping pong tables, visitor parking, and a rooftop patio perfect for entertaining or relaxing.Located steps from top restaurants, grocery stores, shopping, parks, and schools, this condo offers both convenience and lifestyle. Exceptional value for those looking to embrace the best of downtown living-don't miss this opportunity! Note unit is leased as of October 1,2026. Buyer to assume existing tenant paying $2400/month, for one year. (id:66096)

Property Details

MLS®: C12990016
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $461/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,250.11/yr
Listed: 207 days ago

Rooms

Main level

Living room: 3.99 x 2.86 meters
Dining room: 3.99 x 2.86 meters
Kitchen: 4.23 x 3.43 meters
Primary Bedroom: 4.21 x 3.19 meters
Den: 2.09 x 1.92 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: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

207d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$768

List price

$499K

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 (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE/BAYVIEW REALTY INC. · LATIF MERALI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $499,000, about 5.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$499,000· $768/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$271/mo

Condo fee$461/mo

Total monthly$3,360

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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