$324,900

$339,900For salePrice drop↓ $15,000 (4%)

#406 895 Kennedy Road, Toronto (Ionview) - Single Family for Sale

#406 895 Kennedy Road, Toronto (Ionview), Ontario, M1K2E9

2 beds2 baths1 parking850 ft²$707/mo condo feeListed 5 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $324,900, it is attractively priced about 28% below the $449,000 median asking price in Toronto. It has been on the market 5 days, fresher than the Toronto average of 81 days.

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Description

*Welcome to this spacious 2-bedroom, 2-bathroom condo in the heart of Scarborough! Offering approx. 838 sq. ft. of well-designed living space, this bright and functional suite features a comfortable layout ideal for first-time buyers, downsizers, or investors. Shows Spotless* Enjoy a convenient location near Kennedy Road & Lawrence Avenue, with easy access to TTC/public transit, shopping, restaurants, grocery stores, schools, parks, & major highways. The generous living & dining areas provide plenty of space for everyday living & entertaining, with walk out Balcony & Ensuite Laundry Situated in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, location, and value. A fantastic opportunity to own a Beautiful 2-bedroom suite in a convenient GTA location! 1 Parking Spot and 1 Locker is Included. Cable TV, Internet & landline incl. in Maintenance Fees! (id:66096)

Property Details

MLS®: E14134092
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Natural gas
Cooling: Window air conditioner
Garage: Garage
Condo Fee: $707/mo
Fee Includes: Heat, Water
Ownership: Condo/Strata
Property Tax: $1,227.7/yr
Listed: 5 days ago

Rooms

Flat

Living room: 5.42 x 3.31 meters
Dining room: 2.43 x 2.87 meters
Kitchen: 2.92 x 2.79 meters
Primary Bedroom: 3.95 x 4.01 meters
Bedroom 2: 2.81 x 2.85 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, Stove, Dryer, Window Coverings, Water Heater
Flooring: Parquet, Ceramic
Exterior: Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Ionview) listings, avg age

81d

Price / ft²

$382

List price

$325K

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 (Ionview) has been listed for 5 days, which is 76 days fresher than the city average of 81. Act while there is still low competition.

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Listed by RE/MAX ROUGE RIVER REALTY LTD. · CARMELA LAMANNA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $324,900, about 4.5× the local median household income of $72,500.

Carrying it typically needs a household income of about $63,464 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$324,900· $382/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,245

Min 5%50%

Mortgage payment$1,711/mo

↳ CMHC premium ($12,346 capitalized)

Property tax (est.)$102/mo

Condo fee$707/mo

Total monthly$2,521

Cash Needed to Close

Down payment (5%)$16,245

Land transfer tax$6,697

Est. closing costs$3,475

Total cash needed$26,417

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