$439,000

For sale

#406 185 Stephen Drive, Toronto (Stonegate-Queensway) - Single Family for Sale

#406 185 Stephen Drive, Toronto (Stonegate-Queensway), Ontario, M8Y3N5

1 bed1 bath1 parking750 ft²$824/mo condo feeListed 46 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $439,000, it is attractively priced about 29% below the $614,900 median asking price in Toronto. It has been on the market 46 days, fresher than the Toronto average of 50 days.

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Description

Tranquil Retreat with City Convenience - 185 Stephen Drive, Suite 406. Nestled in the established, tree-lined community of Stonegate-Queensway, Situated just north of The Queensway and steps from Berry Road, you are minutes away from Humber River trails, Etienne Brûlé Park, Lake Ontario waterfront parks, transit, Sherway Gardens, and immediate Gardiner/QEW highway access for a seamless commute. This bright and generously proportioned top-tier 1-bedroom co-op residence combines timeless charm, practical low-maintenance living, and exceptional value. Expansive, open-concept living area with classic parquet hardwood floors and sun-filled southeast exposure. Step out from your dining room onto an open balcony-perfect for morning coffee surrounded by mature trees and views toward the Humber River valley. Renovated Kitchen featuring warm wood cabinetry accented with earth-toned floor tiles and matching backsplash. A dedicated window for natural ventilation and light over the double stainless steel sink, and a pantry and pot drawers provide a functional layout. The king-sized primary bedroom makes for a sizable retreat (over 16 feet long) with a large picture window and mirrored double-closet storage. (id:66096)

Property Details

MLS®: W13805312
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: None
Garage: Garage
Condo Fee: $824/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,272.96/yr
Listed: 46 days ago

Rooms

Flat

Living room: 7.16 x 3.81 meters
Dining room: 3.5 x 2.36 meters
Kitchen: 3.66 x 2.32 meters
Primary Bedroom: 3.66 x 5.03 meters

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

Features

Appliances: Refrigerator, Intercom, Stove, Window Coverings
Flooring: Tile, Parquet
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Stonegate-Queensway) listings, avg age

50d

Price / ft²

$586

List price

$439K

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 (Stonegate-Queensway) has been listed for 46 days, which is 4 days fresher than the city average of 50. Act while there is still low competition.

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Listed by CHERIE Y. MYRE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Y)

This home lists at $439,000, about 4.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $85,752 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$439,000· $586/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,950

Min 5%50%

Mortgage payment$2,312/mo

↳ CMHC premium ($16,682 capitalized)

Property tax (est.)$106/mo

Condo fee$824/mo

Total monthly$3,243

Cash Needed to Close

Down payment (5%)$21,950

Land transfer tax$10,510

Est. closing costs$3,817

Total cash needed$36,277

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