$769,900

For saleJust listed

#318 402 The East Mall Drive, Toronto (Islington-City Centre West) - Single Family for Sale

#318 402 The East Mall Drive, Toronto (Islington-City Centre West), Ontario, M9B3Z9

2 beds2 baths1 parking1,100 ft²$586/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 2 days, fresher than the Toronto average of 57 days.

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Description

A rare Power of Sale! opportunity in one of Etobicoke most convenient and fast-growing communities. This modern 1,176 sq. ft. townhouse-style condo is offered As Is, Where Is and delivers exceptional value for both investors and first-time buyers. Featuring two self-contained one-bedroom units, each with a full kitchen, the property offers unique flexibility live in one and rent the other to offset your mortgage. Enjoy a private balcony, underground parking and locker, and a spacious, functional layout. Ideally located with quick access to Hwy 427, QEW, Gardiner Expressway, and major transit routes, and only minutes from Cloverdale Mall, Sherway Gardens, parks, schools, and everyday conveniences. Seller is open to providing vendor take-back financing, making this a smart and attractive opportunity. (id:66096)

Property Details

MLS®: W14137282
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Style: Multi-level
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $586/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,266.25/yr
Listed: 2 days ago

Features

Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Islington-City Centre West) listings, avg age

57d

Price / ft²

$700

List price

$770K

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 (Islington-City Centre West) has been listed for 2 days, which is 55 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CPPI REALTY INC. · THOMAS HASOULAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9B)

This home lists at $769,900, about 7.1× the local median household income of $108,000.

Carrying it typically needs a household income of about $150,388 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$769,900· $700/ft²

For sale

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Full Cost Breakdown

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Down Payment6.75% · $51,990

Min 6.75%50%

Mortgage payment$3,980/mo

↳ CMHC premium ($28,716 capitalized)

Property tax (est.)$356/mo

Condo fee$586/mo

Total monthly$4,922

Cash Needed to Close

Down payment (6.75%)$51,990

Land transfer tax$23,746

Est. closing costs$4,810

Total cash needed$80,546

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