$488,888

For sale

#1708 47 Mutual Street, Toronto (Moss Park), Ontario, M5B0C6

2 bd1 ba550 ft²+$435/mo

#1050 313 Richmond Street East, Toronto (Moss Park), Ontario, M5A4S7

2 bd1 ba1 pk750 ft²+$759/mo

Listed by RE/MAX ULTIMATE REALTY INC.

#402 105 George Street, Toronto (Moss Park), Ontario, M5A0L4

For saleJust listed

Yesterday

$398K

#402 105 George Street, Toronto (Moss Park), Ontario, M5A0L4

2 bd1 ba550 ft²+$585/mo

#407 90 Sherbourne Street, Toronto (Moss Park), Ontario, M5A2R1

2 bd1 ba1 pk1,500 ft²+$1548/mo

Listed by PSR

Investment analysis

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$488,888

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $488,888, it is attractively priced about 15% below the $574,900 median asking price in Toronto. It has been on the market 49 days, fresher than the Toronto average of 62 days.

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

Description

Best value! Priced to sell! Stylish and very convenient location in the building. Don't spend hours finding a parking spot in busy downtown Toronto. This unit is the only One-Bedroom condo UNDER $500K with one parking spot and locker in this building. The bright, open living space is perfect for relaxing or entertaining, with premium laminate floors keeps floor easy to clean. Soaring 9-foot ceilings make everything feel bigger and brighter. No worries about monthly utility costs, as the Maintenance fee covers Water and Heat and parking and a locker. Just a few minutes' walk to the Distillery District, St Lawrence Market, & Sugar Beach, Parliament Square & Princess St Park! Only 10 min walk to Union Station and two minutes to No-Frills and shopping (id:66096)

Property Details

MLS®: C13800368
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
Pool: Yes
Condo Fee: $535/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,900/yr
Listed: 49 days ago

Market Timing

Days on market

49d

Toronto (Moss Park) listings, avg age

62d

Price / ft²

$890

List price

$489K

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 (M5A)

This home lists at $488,888, about 6.9× the local median household income of $71,000.

Carrying it typically needs a household income of about $95,497 (20% down, 25-yr amortization, stress-tested) — roughly 35% 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)

$488,888· $890/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,444.40

Min 5%50%

Mortgage payment$2,575/mo

↳ CMHC premium ($18,578 capitalized)

Property tax (est.)$242/mo

Condo fee$535/mo

Total monthly$3,352

Cash Needed to Close

Down payment (5%)$24,444

Land transfer tax$12,506

Est. closing costs$3,967

Total cash needed$40,917

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

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#456 121 Lower Sherbourne Street, Toronto (Moss Park) - Single Family for Sale

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