$625,000

$649,900For salePrice drop↓ $24,900 (4%)

#411 66 Portland Street, Toronto (Waterfront Communities) - Single Family for Sale

#411 66 Portland Street, Toronto (Waterfront Communities), Ontario, M5V2M6

2 beds1 bath1 parking650 ft²$570/mo condo feeListed 31 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $625,000 asking price sits right in line with the $629,900 median in Toronto. It has been on the market 31 days, fresher than the Toronto average of 57 days.

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Description

Loft living in the heart of King West. Suite 411 at 66 Portland is a bright one-bedroom plusden in a boutique nine-storey loft building, and Freed Developments' first project. Designed byCore Architects with interiors by Cecconi Simone, the suite has 10-foot ceilings,floor-to-ceiling windows and wood floors throughout. The open living and dining area is nearly20 feet wide and opens onto a 119 sq ft balcony with a gas line for the BBQ. The kitchenfeatures granite counters, a centre island and stainless steel appliances. The bedroom hassliding glass doors and a wall-length closet, while the separate den near the entry makes anideal home office. The bathroom has a deep soaker tub, and there is ensuite laundry. Parkingand a locker are included.Outside your door, you're surrounded by some of Toronto's best restaurants, cafes and shops,with King West and Queen West both close by. The 504 King streetcar and The Well are justaround the corner. (id:66096)

Property Details

MLS®: C13866888
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Style: Loft
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $570/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,345.48/yr
Listed: 31 days ago

Rooms

Flat

Living room: 5.99 x 3.2 meters
Dining room: 5.99 x 3.2 meters
Kitchen: 6.65 x 3.1 meters
Primary Bedroom: 2.87 x 2.82 meters
Den: 2.74 x 1.98 meters

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

Features

Appliances: Washer, Dryer, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$962

List price

$625K

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 (Waterfront Communities) has been listed for 31 days, which is 26 days fresher than the city average of 57. Act while there is still low competition.

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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA · TREVOR DANIEL FONTAINE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $625,000, about 6.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $122,084 (20% down, 25-yr amortization, stress-tested) — roughly 34% above 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)

$625,000· $962/ft²

For sale

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Full Cost Breakdown

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Down Payment6% · $37,500

Min 6%50%

Mortgage payment$3,257/mo

↳ CMHC premium ($23,500 capitalized)

Property tax (est.)$279/mo

Condo fee$570/mo

Total monthly$4,106

Cash Needed to Close

Down payment (6%)$37,500

Land transfer tax$17,950

Est. closing costs$4,375

Total cash needed$59,825

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