$649,000

For sale

#408 456 COLLEGE Street, Toronto (Palmerston-Little Italy) - Single Family for Sale

#408 456 COLLEGE Street, Toronto (Palmerston-Little Italy), Ontario, M6G4A3

2 beds1 bath1 parking750 ft²$1,102/mo condo feeListed 10 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $649,000, it is attractively priced about 19% below the $799,000 median asking price in Toronto. It has been on the market 10 days, fresher than the Toronto average of 57 days.

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Description

Holy character! Anchored by a restored 1884 Gothic Revival church tower, this boutique residence brings heritage charm to the heart of Palmerston and Little Italy. Inside, 721 square feet of bright, west facing living space delivers a functional layout with plenty of storage throughout. The spacious bedroom easily fits a king size bed and features a walk in closet, while the versatile den can serve as a private office or be converted into a second bedroom. Enjoy beautiful afternoon light, one parking space and one locker, both conveniently located on P2. Building amenities include a rooftop terrace with skyline views, fitness centre, sauna and party room. Steps from incredible restaurants, cafes, Kensington Market, U of T, parks, groceries and the 24 hour College and Bathurst streetcars. A home with smart space, sunshine and some serious architectural soul! (id:66096)

Property Details

MLS®: C14116102
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,102/mo
Fee Includes: Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,670.24/yr
Listed: 10 days ago

Rooms

Flat

Living room: 2.69 x 3.61 meters
Dining room: 3.02 x 2.11 meters
Kitchen: 4.04 x 2.77 meters
Bedroom: 2.79 x 3.73 meters
Den: 3.12 x 2.13 meters
Bathroom: 1.68 x 3.02 meters
Foyer: 2.26 x 1.96 meters

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

Features

Appliances: Window Coverings
Foundation: Unknown
Exterior: Brick
Lot Features: Elevator

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto (Palmerston-Little Italy) listings, avg age

57d

Price / ft²

$866

List price

$649K

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 (Palmerston-Little Italy) has been listed for 10 days, which is 47 days fresher than the city average of 57. Act while there is still low competition.

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Listed by SAGE REAL ESTATE LIMITED · MIKAYLA RUGALA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6G)

This home lists at $649,000, about 7.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $91,000
Population: 30,600
Median age: 39.6
Owner / renter: 49% / 51%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6G)

$649,000· $866/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$223/mo

Condo fee$1,102/mo

Total monthly$4,702

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$18,910

Est. closing costs$4,447

Total cash needed$63,257

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