$549,000

$599,000For salePrice drop↓ $50,000 (8%)

#3901 70 Temperance Street, Toronto (Bay Street Corridor) - Single Family for Sale

#3901 70 Temperance Street, Toronto (Bay Street Corridor), Ontario, M5H0B1

3 beds2 baths0 parking750 ft²$556/mo condo feeListed 46 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $549,000, it is attractively priced about 20% below the $685,000 median asking price in Toronto. It has been on the market 46 days, fresher than the Toronto average of 59 days.

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Description

Welcome To This Contemporary 2 Bed + Den, 2 Bath Condo with Clear View at Toronto City Hall In The Heart Of Torontos Financial District! Bright & Functional 708 Sq.Ft. Layout Featuring 9' Ceilings, Floor-To-Ceiling Windows, Integrated Kitchen Appliances, Stone Countertops & Modern Laminate Flooring. Freshly Painted & Move-In Ready. Spacious Living & Dining Area Perfect For Entertaining Or Working From Home. Primary Bedroom With Ensuite & Double Closet.Walk Out To A Private Balcony With Stunning, Unobstructed Views Of Nathan Phillips Square & City Hall.Exceptional Building Amenities: Fitness Centre, Spin & Yoga Studios, Virtual Golf With Putting Green & Boardroom.Steps To Eaton Centre, PATH, Subway, Restaurants & Major Bank Headquarters. Ideal For End Users Or Investors! (id:66096)

Property Details

MLS®: C13808692
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $556/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,102.23/yr
Listed: 46 days ago

Rooms

Flat

Living room: 3.05 x 3.05 meters
Dining room: 3.96 x 2.74 meters
Kitchen: 3.96 x 2.74 meters
Primary Bedroom: 3 x 2.82 meters
Bedroom 2: 2.9 x 2.21 meters
Study: 2.59 x 1.17 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, Wine Fridge, Oven, Dryer, Cooktop, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$732

List price

$549K

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 (Bay Street Corridor) has been listed for 46 days, which is 13 days fresher than the city average of 59. Act while there is still low competition.

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Listed by HOMELIVING EMPIRE REALTY INC. · LUCY LIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $549,000, about 6.1× the local median household income of $90,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $90,000
Population: 3,248
Median age: 31.4
Owner / renter: 36% / 64%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5H)

$549,000· $732/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$342/mo

Condo fee$556/mo

Total monthly$3,776

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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