$479,000

For sale

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#421 8 Drummond Street, Toronto (Mimico) - Single Family for Sale

#421 8 Drummond Street, Toronto (Mimico), Ontario, M8V1Y8

1 bed1 bath0 parking condo fee

#327 2261 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X1

1 bd2 ba1 pk750 ft²+$863/mo

Listed by RE/MAX REALTY SERVICES INC.

5 Marine Parade Drive, Toronto (Mimico), Ontario, M8V4B4

For saleJust listed

Today

$2.50M

5 Marine Parade Drive, Toronto (Mimico), Ontario, M8V4B4

3 bd5 ba2 pk2,375 ft²+$2063/mo

Listed by ORION REALTY CORPORATION

#511 2269 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X6

For saleJust listed

Yesterday

$799K

#511 2269 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X6

2 bd2 ba1 pk1,100 ft²+$1153/mo

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

#WL08 80 Marine Parade Drive, Toronto (Mimico), Ontario, M8V0A3

For saleJust listed

Yesterday

$879K

#WL08 80 Marine Parade Drive, Toronto (Mimico), Ontario, M8V0A3

2 bd2 ba2 pk1,100 ft²+$1035/mo

Listed by PROPERTY.CA INC.

Investment analysis

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$479,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $479,000, it is attractively priced about 26% below the $650,000 median asking price in Toronto.

Condos for Sale in Toronto →All real estate in Toronto →

Description

This Mimico townhome has been completely renovated from top to bottom with brand new flooring, kitchen cabinets and countertops, bathroom vanity, fresh paint and brand new appliances and shows like a brand-new model suite. Located just steps from Mimico GO station, this townhome offers great value for first-time homebuyers, investors or downsizers. Listed under POWER OF SALE. (id:66096)

Property Details

MLS®: W12727464
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $183/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,036/yr
Listed: 285 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater - Tankless, Water Heater
Exterior: Brick, Concrete Block
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

285d

Toronto (Mimico) listings, avg age

58d

List price

$479K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by GET SOLD REALTY INC. · CHRISTOPHER BORKOWSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $479,000, about 6.1× the local median household income of $79,000.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$479,000

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$170/mo

Condo fee$183/mo

Total monthly$2,876

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$12,110

Est. closing costs$3,937

Total cash needed$39,997

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice