$670,000

For sale

#404 2055 Danforth Avenue, Toronto (Woodbine Corridor) - Single Family for Sale

#404 2055 Danforth Avenue, Toronto (Woodbine Corridor), Ontario, M4C1J8

2 beds2 baths0 parking750 ft²$552/mo condo feeListed 49 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Its $670,000 asking price sits right in line with the $695,000 median in Toronto. It has been on the market 49 days, fresher than the Toronto average of 58 days.

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Description

Welcome to 2055 Danforth Ave., Unit 404, where vibrant city living meets comfort and convenience in the heart of the Danforth! This spacious and well-maintained 2-bedroom, 2-bathroom suite offers a functional layout and a welcoming atmosphere, perfect for first-time buyers, downsizers, or investors. Enjoy the energy and charm of the Danforth community, with an excellent selection of restaurants, cafés, shops, and everyday amenities just steps away. Ideally located at Woodbine & Danforth, with easy access to transit and just minutes from the beautiful Toronto Beaches. Residents also enjoy fantastic building amenities, including a gym, party room, welcoming lobby, and more. A wonderful opportunity to own in one of Toronto's vibrant and connected neighbourhoods! (id:66096)

Property Details

MLS®: E13795742
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $552/mo
Fee Includes: Water
Ownership: Condo/Strata
Property Tax: $2,526/yr
Listed: 49 days ago

Rooms

Flat

Bedroom: 2.74 x 2.65 meters
Bedroom 2: 2.59 x 2.44 meters

Main level

Living room: 6.95 x 3.4 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Oven - Built-In
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Woodbine Corridor) listings, avg age

58d

Price / ft²

$894

List price

$670K

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 (Woodbine Corridor) has been listed for 49 days, which is 9 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · SHANIA QUAZI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $670,000, about 8.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $130,874 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$670,000· $894/ft²

For sale

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Full Cost Breakdown

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Down Payment6.27% · $42,000

Min 6.27%50%

Mortgage payment$3,482/mo

↳ CMHC premium ($25,120 capitalized)

Property tax (est.)$211/mo

Condo fee$552/mo

Total monthly$4,244

Cash Needed to Close

Down payment (6.27%)$42,000

Land transfer tax$19,750

Est. closing costs$4,510

Total cash needed$66,260

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