$649,900

For sale

#402 74 Spadina Road, Toronto (Annex) - Single Family for Sale

#402 74 Spadina Road, Toronto (Annex), Ontario, M5R2T5

1 bed1 bath1 parking850 ft²$807/mo condo feeListed 15 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $649,900, it is attractively priced about 35% below the $1,000,500 median asking price in Toronto. It has been on the market 15 days, fresher than the Toronto average of 58 days.

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Description

Discover an exceptional blend of character, comfort, and urban sophistication in the heart of Toronto's coveted Annex neighborhood. Nestled within a distinctive Art Deco-inspired boutique residence, where opportunities to own are seldom available, this beautifully appointed suite offers approximately 800 sq. ft. of inviting, thoughtfully designed living space. An desirable east-facing exposure fills the interiors with natural light while showcasing unobstructed views of Toronto's iconic downtown skyline. Featuring a generously proportioned bedroom with a big Walk-in closet and a private balcony! The social area has been extended to make this a beautiful and very comfortable 1 bedroom unit (converted from 2 bedrooms to 1 bedroom) the residence has been tastefully updated and designed, elegant engineered hardwood flooring, convenient in-suite laundry, and 2 spacious private balconies. Beyond its charming architecture and intimate setting, this remarkable address places you within walking distance of Spadina and Dupont subway stations, the University of Toronto, George Brown College, and the countless boutiques, cafés, restaurants, and lifestyle amenities that define the vibrant Bloor Street corridor. A rare opportunity to enjoy boutique living in one of Toronto's most established and sought-after neighborhoods. Parking is available for rent within the building at $100 per month. (id:66096)

Property Details

MLS®: C14105444
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: Garage, Underground
Condo Fee: $807/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,152/yr
Listed: 15 days ago

Features

Appliances: Washer, Refrigerator, Dryer, Microwave, Cooktop, Blinds
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Toronto (Annex) listings, avg age

58d

Price / ft²

$765

List price

$650K

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 1-bed single family in Toronto (Annex) has been listed for 15 days, which is 43 days fresher than the city average of 58. Act while there is still low competition.

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Listed by BONNATERA REALTY · ALVARO DE LA TORRE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $649,900, about 7.6× the local median household income of $86,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$649,900· $765/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$263/mo

Condo fee$807/mo

Total monthly$4,451

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$18,946

Est. closing costs$4,450

Total cash needed$63,386

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