$397,000

For sale

#408 38 Stewart Street, Toronto (Waterfront Communities) - Single Family for Sale

#408 38 Stewart Street, Toronto (Waterfront Communities), Ontario, M5V0H1

1 bed1 bath0 parking250 ft²$489/mo condo feeListed 84 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $397,000, it is attractively priced about 37% below the $629,900 median asking price in Toronto.

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Description

Experience urban living at its finest in the iconic Thompson Residences, perfectly situated in the heart of King West. This bright and spacious one-bedroom suite features an open-concept layout, floor-to-ceiling windows that fill the space with natural light, and soaring 9-foot exposed concrete ceilings that create a modern, loft-inspired feel. Complete with a private storage locker, this suite offers the perfect blend of style and functionality. Residents enjoy premium amenities, including a full-service concierge and a two-storey fitness centre, withStarbucks conveniently located in the building. Step outside and enjoy everything King West has to offer, just moments from The Well, Lavelle Rooftop Lounge, Café Oretta, renowned restaurants, boutique shopping, parks, and convenient transit. Whether you're a first-time buyer, professional, or investor, this is an exceptional opportunity to own in one of Toronto's most desirable communities. (id:66096)

Property Details

MLS®: C13668744
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $489/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,578.97/yr
Listed: 84 days ago

Features

Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,591

List price

$397K

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 (Waterfront Communities) 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 PROPERTY.CA INC. · Jazmin Zadeh

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $397,000, about 4.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $77,548 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$397,000· $1,591/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,850

Min 5%50%

Mortgage payment$2,091/mo

↳ CMHC premium ($15,086 capitalized)

Property tax (est.)$215/mo

Condo fee$489/mo

Total monthly$2,795

Cash Needed to Close

Down payment (5%)$19,850

Land transfer tax$8,860

Est. closing costs$3,691

Total cash needed$32,401

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