$489,900

For sale

#403 115 Richmond Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#403 115 Richmond Street East, Toronto (Church-Yonge Corridor), Ontario, M5C3H6

1 bed1 bath1 parking$708/mo condo feeListed 129 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $489,900, it is attractively priced about 17% below the $588,000 median asking price in Toronto.

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Description

Welcome To This Well-Maintained 1-Bedroom Suite In The Heart Of Downtown Toronto. Proudly Offered By The Original Owner, This Well-Kept Unit Features A Functional Open-Concept Layout Filled With Natural Light. The Spacious Living And Dining Area Flows Seamlessly Into The Kitchen, Offering A Practical Space For Both Everyday Living And Entertaining. The Generous Bedroom Provides Excellent Comfort With Ample Closet Space, While Ensuite Laundry Adds Everyday Convenience. An Excellent Opportunity For First-Time Buyers, Professionals, Or Investors.Boutique-Style Building Featuring On Site Concierge, One Of The Nicest Roof-Top Terraces & Fully Equipped Gym. Ideally Located Just Steps To St. Lawrence Market, The Financial District, Eaton Centre, TMU, George Brown College, TTC, Restaurants, Cafés, Shops, And Everyday Conveniences. Enjoy The Convenience Of Downtown Living In One Of Toronto's Most Established And Desirable Neighbourhoods. (id:66096)

Property Details

MLS®: C13506096
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $708/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,562.82/yr
Listed: 129 days ago

Rooms

Main level

Living room: 4.98 x 3.16 meters
Dining room: 4.98 x 3.16 meters
Kitchen: 3.05 x 2.87 meters
Primary Bedroom: 3.67 x 3.08 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, Range, Dryer
Flooring: Hardwood, Carpeted, Ceramic
Exterior: Concrete
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

129d

Toronto (Church-Yonge Corridor) listings, avg age

63d

List price

$490K

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 (Church-Yonge Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX EXCEL REALTY LTD. · EMILY ZHANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5C)

This home lists at $489,900, about 5.5× the local median household income of $89,000.

Carrying it typically needs a household income of about $95,695 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $89,000
Population: 3,149
Median age: 36.4
Owner / renter: 47% / 53%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5C)

$489,900

For sale

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Full Cost Breakdown

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Down Payment5% · $24,495

Min 5%50%

Mortgage payment$2,580/mo

↳ CMHC premium ($18,616 capitalized)

Property tax (est.)$214/mo

Condo fee$708/mo

Total monthly$3,502

Cash Needed to Close

Down payment (5%)$24,495

Land transfer tax$12,546

Est. closing costs$3,970

Total cash needed$41,011

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