$349,000

For sale

#401 5155 Sheppard East Avenue, Toronto (Malvern) - Single Family for Sale

#401 5155 Sheppard East Avenue, Toronto (Malvern), Ontario, M1B0C8

0 beds1 bath0 parking250 ft²$301/mo condo feeListed 34 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $349,000, it is attractively priced about 27% below the $474,900 median asking price in Toronto. It has been on the market 34 days, fresher than the Toronto average of 61 days.

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Description

Welcome to your perfect urban living opportunity! This stylish studio condo is ideally situated in a vibrant master-planned community by Daniels Corporation, offering exceptional convenience and modern comfort. This unit maximizes every inch of living space.Perfect for first-time home buyers, students, or investors, the location provides easy access to Highway 401, the University of Toronto Scarborough campus, and Centennial College. Enjoy the convenience of transit just steps from your door, along with a wide range of nearby shopping, dining, and everyday amenities.The contemporary kitchen features stainless steel appliances, while the suite also includes a full-sized stacked washer and dryer for added convenience. Rental parking information is available upon request. (id:66096)

Property Details

MLS®: E13851204
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $301/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,462.93/yr
Listed: 34 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$1,399

List price

$349K

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 single family in Toronto (Malvern) has been listed for 34 days, which is 27 days fresher than the city average of 61. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · LLOYD SERRANO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $349,000, about 3.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $68,172 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$349,000· $1,399/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,450

Min 5%50%

Mortgage payment$1,838/mo

↳ CMHC premium ($13,262 capitalized)

Property tax (est.)$122/mo

Condo fee$301/mo

Total monthly$2,261

Cash Needed to Close

Down payment (5%)$17,450

Land transfer tax$7,420

Est. closing costs$3,547

Total cash needed$28,417

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