$370,000

For sale

#3208 85 Queens Wharf Road, Toronto (Waterfront Communities) - Single Family for Sale

#3208 85 Queens Wharf Road, Toronto (Waterfront Communities), Ontario, M5V0J9

0 beds1 bath0 parking250 ft²$379/mo condo feeListed 31 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. It has been on the market 31 days, fresher than the Toronto average of 57 days.

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Description

Opportunity is knocking! Are you tired of paying for someone else's mortgage? This is your opportunity to build your new/existing real estate portfolio. Here we have a 438 sqft Studio Unit in the Spectra Condo By Concord Adex. Located in the heart of Downtown Toronto! Close To TTC, Steps From Major Banks (TD), Restaurants, Grocery (Loblaws, Starbucks) retail Stores, Library, Parks, the lake, & much more! This unit is functional and versatile with the space organizer. Enjoy the great views from the Juliet balcony including the CN Tower, green space, city skylines. The Building is equipped with multi Floors Of amazing Amenities. to name a few: indoor Pool, Hot Tub, Gym, Indoor Basketball Court, massage room, movie room. Rooftop Bbq, 24/7 Concierge & Security With Ample Visitor Parking. Do not Miss Out On This Great Unit, what are you waiting for? Do not wait to buy real estate, buy real estate and wait! (id:66096)

Property Details

MLS®: C13861220
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $379/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,025.7/yr
Listed: 31 days ago

Rooms

Flat

Kitchen: 3.84 x 2.27 meters
Living room: 8.2 x 4.94 meters
Dining room: 8.2 x 4.94 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate
Exterior: Concrete Block
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,483

List price

$370K

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 single family in Toronto (Waterfront Communities) has been listed for 31 days, which is 26 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · GORDON SU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $370,000, about 4.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $72,274 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$370,000· $1,483/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,500

Min 5%50%

Mortgage payment$1,949/mo

↳ CMHC premium ($14,060 capitalized)

Property tax (est.)$169/mo

Condo fee$379/mo

Total monthly$2,496

Cash Needed to Close

Down payment (5%)$18,500

Land transfer tax$8,050

Est. closing costs$3,610

Total cash needed$30,160

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