$469,000

For sale

#413 8 Drummond Street, Toronto (Mimico) - Single Family for Sale

#413 8 Drummond Street, Toronto (Mimico), Ontario, M8V1Y8

1 bed1 bath1 parking550 ft²$263/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $469,000, it is attractively priced about 28% below the $650,000 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 58 days.

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Description

Enjoy the convenience of Mimico living in this freshly painted one-bedroom, one-bathroom stacked townhome at 8 Drummond St. With approximately 540 sq. ft., two private entrances and a practical open-concept layout, this home makes use of every inch of square footage. The kitchen features white cabinetry, S/S appliances, a subway tile backsplash and a breakfast bar overlooking the living area. Crown moulding, pot lights and window shutters add character, while in-suite laundry, one parking space and a locker cover the everyday essentials. Mimico GO Station is just a short walk away, making the downtown commute easy. Nearby grocery shopping (No Frills), local bakeries (SanRemo), cafés and restaurants along Royal York Road put daily errands close to home, with neighbourhood parks and waterfront trails within easy reach. A great option for first-time buyers or anyone looking to simplify. (id:66096)

Property Details

MLS®: W14081180
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $263/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,209.86/yr
Listed: 22 days ago

Rooms

Main level

Living room: 5.27 x 2.98 meters
Dining room: 5.27 x 2.98 meters
Bedroom: 2.56 x 3.2 meters
Kitchen: 1.7 x 3.17 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, Stove, Dryer, Microwave, Blinds
Flooring: Laminate
Exterior: Brick, Stone
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$854

List price

$469K

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 (Mimico) has been listed for 22 days, which is 36 days fresher than the city average of 58. Act while there is still low competition.

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Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED · VICTOR DENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $469,000, about 5.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $91,612 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$469,000· $854/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,450

Min 5%50%

Mortgage payment$2,470/mo

↳ CMHC premium ($17,822 capitalized)

Property tax (est.)$184/mo

Condo fee$263/mo

Total monthly$2,917

Cash Needed to Close

Down payment (5%)$23,450

Land transfer tax$11,710

Est. closing costs$3,907

Total cash needed$39,067

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