$425,000

For sale

#419 222 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

#419 222 The Esplanade, Toronto (Waterfront Communities), Ontario, M5A4M8

2 beds1 bath0 parking550 ft²$672/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $425,000, it is attractively priced about 33% below the $629,900 median asking price in Toronto. It has been on the market 35 days, fresher than the Toronto average of 57 days.

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Description

Park views, south-facing light and fresh new feel in the heart of downtown Toronto! Suite 419 at 222 The Esplanade offers approximately 500-599 sq. ft. of bright, well-planned living space with an open-concept living and dining area, freshly painted interiors and select new appliances. Floor-to-ceiling windows in both the bathroom and den overlook the park, bringing in beautiful natural light and serene green outlook. A generous walk-in closet adds valuable storage to this thoughtfully designed new home. Steps to St. Lawrence Market, the Distillery District, restaurants, cafes, parks, transit and the waterfront. A fantastic opportunity to enjoy the best of downtown living in a bright, move-in-ready suite. (id:66096)

Property Details

MLS®: C13853068
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $672/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,074/yr
Listed: 35 days ago

Rooms

Flat

Living room: 2.77 x 3.96 meters
Dining room: 2.77 x 3.96 meters
Kitchen: 2.01 x 2.24 meters
Den: 2.21 x 2.49 meters
Primary Bedroom: 3 x 3.4 meters

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

Features

Flooring: Tile, Laminate
Exterior: Concrete, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$773

List price

$425K

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 35 days, which is 22 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REAL ESTATE HOMEWARD · BALDO MINAUDO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $425,000, about 6.0× the local median household income of $71,000.

Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 17% 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)

$425,000· $773/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,250

Min 5%50%

Mortgage payment$2,238/mo

↳ CMHC premium ($16,150 capitalized)

Property tax (est.)$173/mo

Condo fee$672/mo

Total monthly$3,083

Cash Needed to Close

Down payment (5%)$21,250

Land transfer tax$9,950

Est. closing costs$3,775

Total cash needed$34,975

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