$575,000

For sale

#401 265 Ridley Boulevard, Toronto (Bedford Park-Nortown) - Single Family for Sale

#401 265 Ridley Boulevard, Toronto (Bedford Park-Nortown), Ontario, M5M4N8

2 beds2 baths2 parking950 ft²$1,061/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $575,000, it is attractively priced about 32% below the $849,800 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 52 days.

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Description

Welcome to Suite 401 at 265 Ridley Blvd! A 1+1, 2 bath condo, in a beloved destination building in the heart of Bedford Park. The foyer entrance welcomes you with a double closet for extra storage and a private 2pc powder room for all your guests. The bright kitchen offers a full range of high end Bosch appliances including a rare gas stove plus tons of storage and counter space. The den is tucked away off the kitchen to enjoy as a cozy den or eat in area. The combined dining and living area offers great flexibility of use for a variety of entertaining or everyday living needs. The generous Principle Bedroom boasts a 4pc Ensuite and a walk-in closet equipped with California Closet Custom Wardrobe System. Hardwood floors throughout and custom Hunter Douglas window coverings. Enjoy the added convenience of two parking spaces, a rare and valuable feature for a one-bedroom suite. The residents have access to 24 Hour Concierge, a gym, meeting room & pet friendly environment plus everything the area has to offer. Perfectly situated close to parks, transit, shopping, dining, and major highways, this is an excellent opportunity for first-time buyers, downsizers, or investors looking for a well-located property. (id:66096)

Property Details

MLS®: C14097424
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,061/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $2,692/yr
Listed: 16 days ago

Rooms

Flat

Foyer: 2.56 x 1.31 meters
Kitchen: 4.24 x 2.65 meters
Den: 2.53 x 1.19 meters
Living room: 6.89 x 3.84 meters
Dining room: 6.89 x 3.84 meters
Bedroom: 4.33 x 3.48 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, Blinds, Garage door opener remote(s)
Flooring: Tile, Laminate
Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$606

List price

$575K

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 (Bedford Park-Nortown) has been listed for 16 days, which is 36 days fresher than the city average of 52. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · RACHEL GOLD LEVY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $575,000, about 3.5× the local median household income of $164,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$575,000· $606/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$224/mo

Condo fee$1,061/mo

Total monthly$4,293

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$15,950

Est. closing costs$4,225

Total cash needed$52,675

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