$650,000

For saleJust listed

#5001 7 Grenville Street, Toronto (Bay Street Corridor) - Single Family for Sale

#5001 7 Grenville Street, Toronto (Bay Street Corridor), Ontario, M4Y1W9

2 beds2 baths0 parking650 ft²$542/mo condo feeListed Today

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $650,000 asking price sits right in line with the $672,000 median in Toronto. It has been on the market 0 days, fresher than the Toronto average of 59 days.

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Description

Stunning High Floor 2 Bedroom, 2 Bathroom Suite In The Heart Of Downtown Toronto With Unobstructed West Views And Floor-To-Ceiling Windows Offering Abundant Natural Light. Bright And Functional Layout Featuring Open Concept Living/Dining Area, Modern Kitchen With Centre Island, And Spacious Bedrooms. Newly Painted Throughout With Brand New Flooring. Primary Bedroom Includes Ensuite Bath And Large Closet. Excellent Building Amenities Including 24 Hr Concierge, Gym, Indoor Pool, Party Room And Visitor Parking. Steps To U Of T, TMU, Hospitals, Subway, Restaurants, Shopping, Financial District And More. Exceptional Opportunity For End Users Or Investors. (id:66096)

Property Details

MLS®: C14146278
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $542/mo
Fee Includes: Common Area Maintenance, Heat, Water
Ownership: Condo/Strata
Property Tax: $3,419.08/yr
Listed: Today

Rooms

Flat

Kitchen: 3.58 x 3.06 meters
Living room: 3.58 x 3.06 meters
Primary Bedroom: 3.13 x 2.59 meters
Bedroom 2: 2.75 x 2.08 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, Stove, Dryer, Oven - Built-In
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,001

List price

$650K

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 (Bay Street Corridor) has been listed for 0 days, which is 59 days fresher than the city average of 59. Act while there is still low competition.

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Listed by HOMELIFE GOLCONDA REALTY INC. · DAN LIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $650,000, about 10.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $126,968 (20% down, 25-yr amortization, stress-tested) — roughly 103% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$650,000· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $40,000

Min 6.15%50%

Mortgage payment$3,382/mo

↳ CMHC premium ($24,400 capitalized)

Property tax (est.)$285/mo

Condo fee$542/mo

Total monthly$4,208

Cash Needed to Close

Down payment (6.15%)$40,000

Land transfer tax$18,950

Est. closing costs$4,450

Total cash needed$63,400

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