$609,000

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#501 7 Bishop Avenue, Toronto (Newtonbrook East) - Single Family for Sale

#501 7 Bishop Avenue, Toronto (Newtonbrook East), Ontario, M2M4J4

3 beds2 baths1 parking1,300 ft²$1,196/mo condo feeListed 80 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space.

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Description

Welcome to this newly renovated condo offering the perfect blend of comfort, style, and convenience in the heart of North York! This bright and airy condo features 2+1 bedrooms and 2 bathrooms with spacious living and dining areas, ideal for both relaxing and entertaining. Large windows and pot lights fill the space with plenty of light, creating a warm and inviting atmosphere throughout. Enjoy the convenience of ensuite laundry and 24-hour concierge. Included in this move-in ready condo are 3 storage lockers, and 1 parking spot in the condominium's underground parking garage. Additional amenities this condominium has to offer include a fitness center, sauna, squash/racquet court, indoor pool, visitor paring, and much more. Direct underground access to Finch Subway Station nd conveniently located near Yonge Street shopping, dining, public transportation, and parks - this condo is deal for commuters and those seeking vibrant city living with neighborhood charm. Don't miss this opportunity to own a move-in ready condo in a highly desirable location! (id:66096)

Property Details

MLS®: C13686398
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,196/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,842.91/yr
Listed: 80 days ago

Rooms

Flat

Living room: 5.65 x 5.12 meters
Dining room: 5.65 x 5.12 meters
Kitchen: 3.2 x 2.58 meters
Primary Bedroom: 5 x 3 meters
Bedroom 2: 4 x 3.3 meters
Den: 3 x 2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Tile, Laminate
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

80d

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$469

List price

$609K

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 3-bed single family in Toronto (Newtonbrook East) 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 KELLER WILLIAMS REFERRED URBAN REALTY · BEN EICHORN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $609,000, about 7.5× the local median household income of $81,000.

Carrying it typically needs a household income of about $118,959 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$609,000· $469/ft²

For sale

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Full Cost Breakdown

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Down Payment5.89% · $35,900

Min 5.89%50%

Mortgage payment$3,177/mo

↳ CMHC premium ($22,924 capitalized)

Property tax (est.)$237/mo

Condo fee$1,196/mo

Total monthly$4,610

Cash Needed to Close

Down payment (5.89%)$35,900

Land transfer tax$17,310

Est. closing costs$4,327

Total cash needed$57,537

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#501 7 Bishop Avenue, Toronto (Newtonbrook East) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M2M)

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Full Cost Breakdown