$479,995

$499,995For salePrice drop↓ $20,000 (4%)

#329 250 Wellington Street, Toronto (Waterfront Communities) - Single Family for Sale

#329 250 Wellington Street, Toronto (Waterfront Communities), Ontario, M5V3P6

2 beds1 bath0 parking550 ft²$659/mo condo feeListed 18 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $479,995, it is attractively priced about 24% below the $629,900 median asking price in Toronto. It has been on the market 18 days, fresher than the Toronto average of 57 days.

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Description

Beautifully updated and move-in ready! This stunning, spacious Tridel built suite at The Icon features engineered hardwood floors throughout, a sleek brand new bathroom, contemporary light fixtures, updated interior doors, and a large-capacity LG washer/dryer. The kitchen offers a brand-new fridge alongside upgraded stainless steel appliances. Located in the heart of the Entertainment District, you're just steps from the CN Tower, Rogers Centre, King West dining, and transit. Enjoy premium building amenities including 24/7 concierge, an indoor pool, gym, sauna, and a rooftop terrace with breathtaking city views. A true turnkey gem in an unbeatable location. (id:66096)

Property Details

MLS®: C14095590
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $659/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,398/yr
Listed: 18 days ago

Rooms

Flat

Living room
Dining room
Kitchen
Bedroom
Den

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

Features

Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$874

List price

$480K

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) has been listed for 18 days, which is 39 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · HASSAN RAZA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $479,995, about 5.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $93,760 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$479,995· $874/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,999.75

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,240 capitalized)

Property tax (est.)$200/mo

Condo fee$659/mo

Total monthly$3,387

Cash Needed to Close

Down payment (5%)$24,000

Land transfer tax$12,150

Est. closing costs$3,940

Total cash needed$40,090

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