$590,000

For sale

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#501 1400 Kingston Road, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

#501 1400 Kingston Road, Toronto (Birchcliffe-Cliffside), Ontario, M1N0C2

2 beds2 baths1 parking ft²

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Investment analysis

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$590,000

Toronto

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Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $590,000, it is attractively priced about 19% below the $729,000 median asking price in Toronto. It has been on the market 8 days, fresher than the Toronto average of 47 days.

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

Description

Overlooking Lake Ontario, boutique condo with only 42 Suites. This low rise South facing 2 bedroom + 2 washroom is almost 800 sq ft +50 sq ft balcony. Open concept layout with view of the golf course and lake Ontario. Close to Scarborough Bluffs, the Beaches. Upgraded kitchen cabinets, counter tops and pot lights. Sold Under Power Of SaleTherefore As Is/Where Is Without Any Warranties From The Seller. (id:66096)

Property Details

MLS®: E14122166
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: Garage, Underground
Condo Fee: $1,005/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,284/yr
Listed: 8 days ago

Market Timing

Days on market

Toronto (Birchcliffe-Cliffside) listings, avg age

47d

Price / ft²

$787

List price

$590K

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 (M1N)

This home lists at $590,000, about 6.6× the local median household income of $90,000.

Carrying it typically needs a household income of about $115,248 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.

Median household income: $90,000
Population: 22,976
Median age: 44.8
Owner / renter: 65% / 35%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M1N)

$590,000· $787/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $34,000

Min 5.76%50%

Mortgage payment$3,083/mo

↳ CMHC premium ($22,240 capitalized)

Property tax (est.)$274/mo

Condo fee$1,005/mo

Total monthly$4,361

Cash Needed to Close

Down payment (5.76%)$34,000

Land transfer tax$16,550

Est. closing costs$4,270

Total cash needed$54,820

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

#501 1400 Kingston Road, Toronto (Birchcliffe-Cliffside) - Single Family for Sale

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Neighbourhood profile (M1N)

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