$1,075,000

For sale

#416 90 Sumach Street, Toronto (Regent Park) - Single Family for Sale

#416 90 Sumach Street, Toronto (Regent Park), Ontario, M5A4R4

2 beds1 bath1 parking1,300 ft²$938/mo condo feeListed 30 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 86 days.

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Description

Spacious and stylish two-storey hard loft in downtown Toronto with many unique industrial features and attention to detail throughout. 14 foot ceilings, huge floor to ceiling warehouse windows with motorized blinds, exposed ductwork and original concrete mushroom columns. Track lighting either manually or app controlled. Sleek modern open-concept kitchen overlooks the dining and living area with immaculate hardwood flooring and gas fireplace. There's a large updated bathroom with dual glass sinks and a separate 2nd bedroom/den area. Walk up the tempered glass stairs to the mezzanine primary bedroom with lots of closet space. Amenities include a rooftop deck with gas BBQs, a tree lined courtyard for gatherings, visitor parking and a dog run. If you want to live in an exceptional Toronto hard loft with stunning industrial vibe, you'll love this condo at the Brewery Lofts. (id:66096)

Property Details

MLS®: C13861032
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 1,300 ft²
Style: Loft
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $938/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,580.85/yr

Rooms

Flat

Living room: 6.39 x 4.23 meters
Dining room: 6.39 x 3.12 meters
Kitchen: 6.39 x 3.12 meters
Den: 4.13 x 3.49 meters
Foyer: 8.1 x 2.9 meters

Upper Level

Primary Bedroom: 6.39 x 2.96 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, Oven, Dryer, Microwave, Blinds
Flooring: Hardwood
Exterior: Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Regent Park) listings, avg age

86d

Price / ft²

$827

List price

$1.07M

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 30 days, which is 56 days fresher than the city average of 86. Act while there is still low competition.

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Listed by ROYAL LEPAGE WEST REALTY GROUP LTD. · DIETER KRAMKOWSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $1,075,000, about 15.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $209,985 (20% down, 25-yr amortization, stress-tested) — roughly 196% 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)

$1,075,000· $827/ft²

For sale

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Full Cost Breakdown

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Down Payment7.67% · $82,500

Min 7.67%50%

Mortgage payment$5,503/mo

↳ CMHC premium ($39,700 capitalized)

Property tax (est.)$382/mo

Condo fee$938/mo

Total monthly$6,822

Cash Needed to Close

Down payment (7.67%)$82,500

Land transfer tax$35,950

Est. closing costs$5,725

Total cash needed$124,175

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