$999,998

$1,049,900For salePrice drop↓ $49,902 (5%)

#3408 390 Cherry Street, Toronto (Waterfront Communities) - Single Family for Sale

#3408 390 Cherry Street, Toronto (Waterfront Communities), Ontario, M5A3L7

2 beds2 baths1 parking850 ft²$1,056/mo condo feeListed 51 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 51 days, fresher than the Toronto average of 57 days.

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Description

CORNER SUB-PENTHOUSE LIVING, REDEFINED**A rare opportunity to own a sophisticated corner suite with spectacular, unobstructed southwest views of Lake Ontario and the Toronto skyline. This bright and spacious 2-bedroom Signature Suite features a desirable split-bedroom layout, offering both privacy and comfort, along with a dedicated custom office area ideal for working from home. Thoughtfully designed and beautifully appointed, the residence showcases Brazilian hardwood flooring, custom built-ins and bespoke shelving, organized closets with additional storage, specialty lighting, elegant privacy blinds, and a refined kitchen and baths. The expansive wraparound balcony creates a private outdoor retreat, perfectly positioned to enjoy morning sunshine, open lake views and the city skyline. Ideally located with walking distance of the TTC, Distillery District, waterfront, Sugar Beach, Harbourfront, trails, restaurants and downtown amenities. A rare combination of elevated position, exceptional light, expansive views and thoughtful custom finishes in one of Toronto's most sought-after waterfront neighbourhoods. (id:66096)

Property Details

MLS®: C13784428
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,056/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,283.06/yr
Listed: 51 days ago

Rooms

Main level

Dining room: 3.26 x 2.6 meters
Living room: 3.93 x 3.35 meters
Kitchen: 3.88 x 2.16 meters
Primary Bedroom: 3.81 x 2.78 meters
Bedroom 2: 2.78 x 3.01 meters
Office: 2.77 x 3.74 meters
Bathroom: 3.05 x 1.68 meters
Bathroom: 2.56 x 1.55 meters

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

Features

Appliances: Washer, Dryer
Flooring: Tile, Hardwood
Exterior: Concrete
Lot Features: Conservation/green belt, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,177

List price

$1000K

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 51 days, which is 6 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · MARIELLA COMPARELLI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $999,998, about 14.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 175% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$999,998· $1,177/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,999.80

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($37,000 capitalized)

Property tax (est.)$190/mo

Condo fee$1,056/mo

Total monthly$6,375

Cash Needed to Close

Down payment (7.50%)$75,000

Land transfer tax$32,950

Est. closing costs$5,500

Total cash needed$113,450

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