$499,000

For sale

#339 250 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#339 250 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V3P6

3 beds2 baths1 parking850 ft²$1,037/mo condo feeListed 15 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $499,000, it is attractively priced about 21% below the $629,900 median asking price in Toronto. It has been on the market 15 days, fresher than the Toronto average of 57 days.

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Description

Experience the best of Downtown Living, Tridel-built Icon 2! This 18-storey condo tower has 100 Transit Score, 99 Walk Score, so convenient to work, live and play in the city! Near The Well Shops and World-class restaurants, events, Financial, Entertainment and Harbourfront Districts, where you can walk or bike to work, enjoy your Blue Jays games, musicals, concerts, shops, gourmet lifestyle. Then be home in minutes, relax in the comfort of your 2 bedroom plus den with a functional Split Bedroom layout, South exposure. An open-concept living, dining and kitchen. This unit has been well-kept with a true pride of ownership. Full size appliances including Samsung Washer and Dryer. Walk-In closet in Primary Bedroom, Murphy Bed in 2nd Bedroom and Ample amount of Storage! The building boasts a new chic lobby design, a full-size strength training gym, workout pool jacuzzi, tanning on the rooftop deck, enjoying the CN Tower view while you BBQ or stargazing! Also includes parking AND locker! Maintenance Fee includes all utilities! Now is your best opportunity to live or invest in this downtown Toronto Tridel-built condo!!! Click on Virtual Tour! (id:66096)

Property Details

MLS®: C14108082
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,037/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,713.79/yr
Listed: 15 days ago

Rooms

Main level

Living room: 5.1 x 3.3 meters
Dining room: 5.1 x 3.3 meters
Primary Bedroom: 3.9 x 3.3 meters
Bedroom 2: 3.7 x 3.1 meters
Den: 3.3 x 3.3 meters
Foyer: 2.1 x 1.1 meters
Kitchen: 3.3 x 2.6 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: Hardwood
Exterior: Concrete Block
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$587

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 3-bed single family in Toronto (Waterfront Communities) has been listed for 15 days, which is 42 days fresher than the city average of 57. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · MARY ANN GUTIERREZ

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· $587/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.)$309/mo

Condo fee$1,037/mo

Total monthly$3,975

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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