$585,000

For sale

#408 55 Regent Park Boulevard, Toronto (Regent Park) - Single Family for Sale

#408 55 Regent Park Boulevard, Toronto (Regent Park), Ontario, M5A0C2

2 beds1 bath1 parking650 ft²$624/mo condo feeListed 45 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. It has been on the market 45 days, fresher than the Toronto average of 86 days.

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Description

Most condos make you choose: ceiling height, usable outdoor space, convenient storage or great amenities. Unit 408 brings them together. Rare 10-foot ceilings give this home an open, airy feeling that many condos simply cannot offer. Step outside onto an approximately 200-square-foot private terrace-large enough to furnish, entertain and genuinely enjoy. Surrounded by greenery, it offers a welcome sense of privacy while still keeping you connected to the city. Even the practical details work harder here. Your locker is located on the same floor, making seasonal items and everyday storage easy to access. The building amenities are also just steps from your door-including the gym, so the old "I'd work out if it were closer" excuse is officially retired. And then there is Regent Park. This neighbourhood is not what it used to be-it is better. Parks, schools, sports fields, running tracks, the aquatic centre, local shops and TTC access are all close by, creating an active and connected downtown community. With its soaring ceilings, oversized terrace and uncommon everyday conveniences, this is more than another condo unit. It is a home that makes city living feel easier, brighter and considerably less boxed in. (id:66096)

Property Details

MLS®: C13812876
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $624/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,237/yr
Listed: 45 days ago

Rooms

Flat

Kitchen: 3.53 x 3.35 meters
Dining room: 3.51 x 3.45 meters
Living room: 3.51 x 3.45 meters
Primary Bedroom: 2.79 x 3.53 meters
Den: 2.9 x 2.06 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, Dishwasher, Stove, Dryer, Microwave, Blinds
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Toronto (Regent Park) listings, avg age

86d

Price / ft²

$901

List price

$585K

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 (Regent Park) has been listed for 45 days, which is 41 days fresher than the city average of 86. Act while there is still low competition.

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Listed by Century 21 Signature Service · MARLON DEOGRACIAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $585,000, about 8.2× the local median household income of $71,000.

Carrying it typically needs a household income of about $114,271 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$585,000· $901/ft²

For sale

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Full Cost Breakdown

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Down Payment5.73% · $33,500

Min 5.73%50%

Mortgage payment$3,058/mo

↳ CMHC premium ($22,060 capitalized)

Property tax (est.)$186/mo

Condo fee$624/mo

Total monthly$3,868

Cash Needed to Close

Down payment (5.73%)$33,500

Land transfer tax$16,350

Est. closing costs$4,255

Total cash needed$54,105

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