$540,000

$560,000For salePrice drop↓ $20,000 (4%)

#319 1603 Eglinton Avenue West, Toronto (Oakwood Village) - Single Family for Sale

#319 1603 Eglinton Avenue West, Toronto (Oakwood Village), Ontario, M6E0A1

2 beds2 baths1 parking750 ft²$721/mo condo feeListed 45 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $540,000, it is attractively priced about 6% below the $575,000 median asking price in Toronto. It has been on the market 45 days, fresher than the Toronto average of 55 days.

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Description

Beautiful 2-Bedroom, 2-Washroom with Parking at Empire Midtown Condos! Filled with natural light, this bright unit is ideally situated away from the elevator and garbage room for added privacy and peace. Located by the Oakwood LRT and just steps from Eglinton West Subway Station(University Line), this condo offers exceptional transit convenience. Enjoy quick access to Allen Road, making commuting North, East, or West a breeze. A short drive or bus ride takes you straight to downtown Toronto. Building Amenities Include:24-hour concierge, an elegant party lounge with fireplace and TV, fully equipped exercise and yoga studios, two inviting guest suites, and a spacious outdoor patio with BBQ's. Inside, enjoy floor-to-ceiling windows, stylish laminate flooring throughout the living area, and a full-length balcony offering unobstructed views. Both bedrooms boast large windows with north and south exposures, providing bright, airy spaces all day long (id:66096)

Property Details

MLS®: C13813106
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $721/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,954.14/yr
Listed: 45 days ago

Features

Appliances: Washer, Intercom, Dryer, Window Coverings, Garage door opener remote(s)
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Toronto (Oakwood Village) listings, avg age

55d

Price / ft²

$720

List price

$540K

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 (Oakwood Village) has been listed for 45 days, which is 10 days fresher than the city average of 55. Act while there is still low competition.

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Listed by FOREST HILL REAL ESTATE INC. · JEREMY PLANT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6E)

This home lists at $540,000, about 6.6× the local median household income of $82,000.

Carrying it typically needs a household income of about $105,481 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $82,000
Population: 37,684
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M6E)

$540,000· $720/ft²

For sale

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Full Cost Breakdown

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Down Payment5.37% · $29,000

Min 5.37%50%

Mortgage payment$2,833/mo

↳ CMHC premium ($20,440 capitalized)

Property tax (est.)$246/mo

Condo fee$721/mo

Total monthly$3,801

Cash Needed to Close

Down payment (5.37%)$29,000

Land transfer tax$14,550

Est. closing costs$4,120

Total cash needed$47,670

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