$598,000

For sale

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#4508 295 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

#4508 295 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V0L4

2 beds1 bath0 parking ft²

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Investment analysis

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$598,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $598,000, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 50 days, fresher than the Toronto average of 57 days.

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

Description

**South Exposure With Lake View** One Bedroom Plus Den** Spacious Layout** Den Can Be Used As Second Bedroom**Around 650 Square Feet Plus Balcony** 9 Ft Ceiling** One locker and one small bike locker. Steps To Financial District, Subway Station, TTC, Street Cars, Restaurants, Theatres, And Shops.**24 HR Concierge** Amazing Facilities: Indoor Pool, Party Room, Visitor Parking, Gym, Outdoor Terrance.** (id:66096)

Property Details

MLS®: C13796158
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Half Baths: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $524/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,452.9/yr
Listed: 50 days ago

Market Timing

Days on market

50d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$921

List price

$598K

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.

Area context

Neighbourhood profile (M5V)

This home lists at $598,000, about 6.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $116,810 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$598,000· $921/ft²

For sale

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Full Cost Breakdown

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Down Payment5.82% · $34,800

Min 5.82%50%

Mortgage payment$3,122/mo

↳ CMHC premium ($22,528 capitalized)

Property tax (est.)$288/mo

Condo fee$524/mo

Total monthly$3,934

Cash Needed to Close

Down payment (5.82%)$34,800

Land transfer tax$16,870

Est. closing costs$4,294

Total cash needed$55,964

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

#4508 295 Adelaide Street West, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5V)

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