$584,900

For sale

#412 251 Manitoba Street, Toronto (Mimico) - Single Family for Sale

#412 251 Manitoba Street, Toronto (Mimico), Ontario, M8Y0C7

2 beds2 baths1 parking750 ft²$509/mo condo feeListed 30 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $584,900, it is attractively priced about 10% below the $650,000 median asking price in Toronto. It has been on the market 30 days, fresher than the Toronto average of 58 days.

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Description

Welcome home to this bright and well designed modern 2 bedroom 2 bathroom condo in the Empire Phoenix development in the highly desirable Mimico Humber Bay Shores Community. This home comes with parking and locker conveniently located on the same floor as well as a large open balcony. The open living room and kitchen layout, equipped with stainless steel appliances and built in dishwasher, with floor to ceiling windows, laminate flooring and neutral finishes creates a welcoming and serene home. The condo has amazing amenities including an outdoor pool, sauna, fully equipped gym and yoga facilities, party and lounge room, 24 hour concierge and so much more to support a modern and healthy lifestyle. Situated close to the Lake, Yacht club, Transit, GO Station, and within minutes to Metro Grocery, restaurants and tons of parks and recreation facilities that maximizes a lifestyle for those that enjoy urban living close to Lake Ontario. Minutes to highway QEW / 427 / Gardiner and short drive to downtown. Come visit this home and make this yours! **EXTRAS** All light fixtures and window coverings and curtains, security alarm system, built in dishwasher, fridge, stove, microwave, washer, and dryer. (id:66096)

Property Details

MLS®: W13873372
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $509/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,793.01/yr
Listed: 30 days ago

Rooms

Flat

Living room: 6.07 x 2.95 meters
Kitchen: 6.07 x 2.95 meters
Primary Bedroom: 3.18 x 3.45 meters
Bedroom 2: 2.74 x 2.59 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, Alarm System, Window Coverings
Flooring: Laminate
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$780

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 (Mimico) has been listed for 30 days, which is 28 days fresher than the city average of 58. Act while there is still low competition.

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Listed by HOMELIFE NEW WORLD REALTY INC. · SANDRA TRAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Y)

This home lists at $584,900, about 6.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $114,251 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$584,900· $780/ft²

For sale

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Full Cost Breakdown

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Down Payment5.73% · $33,490.00

Min 5.73%50%

Mortgage payment$3,057/mo

↳ CMHC premium ($22,056 capitalized)

Property tax (est.)$233/mo

Condo fee$509/mo

Total monthly$3,799

Cash Needed to Close

Down payment (5.73%)$33,490

Land transfer tax$16,346

Est. closing costs$4,255

Total cash needed$54,091

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