$449,800

For sale

#502 557 The East Mall, Toronto (Islington-City Centre West) - Single Family for Sale

#502 557 The East Mall, Toronto (Islington-City Centre West), Ontario, M9B4A5

2 beds1 bath1 parking950 ft²$628/mo condo feeListed 38 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $449,800, it is attractively priced about 13% below the $515,000 median asking price in Toronto. It has been on the market 38 days, fresher than the Toronto average of 57 days.

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Description

One of the Lowest-Cost Properties to Own in Toronto! The total monthly cost of maintaining this large, completely renovated 2-bedroom co-op apartment is only $628, including all utilities and property taxes. This is arguably one of the lowest monthly ownership costs you will find in Toronto. This spacious and beautifully renovated co-op apartment offers an excellent combination of size, comfort and value. It features two large bedrooms, a beautiful updated kitchen, spacious living and dining areas, and a large balcony perfect for relaxing or entertaining. One covered carport parking space is included. The location is excellent, with easy access to Highway 427, major roads, public transit, shopping, restaurants, parks and everyday amenities. Everything you need is close by, while the surrounding area offers plenty of green space and a convenient Etobicoke lifestyle .This is a rare opportunity to own a large, fully renovated 2-bedroom co-op apartment with parking and a large balcony, while keeping monthly carrying costs exceptionally low. Only $628/month including all utilities and property taxes - an exceptional value in Toronto! (id:66096)

Property Details

MLS®: W13838060
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Electric, Other
Cooling: Window air conditioner
Garage: Carport, No Garage
Condo Fee: $628/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Listed: 38 days ago

Rooms

Flat

Living room: 6.72 x 3.66 meters
Primary Bedroom: 4.86 x 3.34 meters
Dining room: 3.04 x 2.47 meters
Bedroom: 3.22 x 3.17 meters
Kitchen: 2.99 x 2.35 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Toronto (Islington-City Centre West) listings, avg age

57d

Price / ft²

$474

List price

$450K

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 (Islington-City Centre West) has been listed for 38 days, which is 19 days fresher than the city average of 57. Act while there is still low competition.

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Listed by GOWEST REALTY LTD. · PETER WOZNOWSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9B)

This home lists at $449,800, about 4.2× the local median household income of $108,000.

Carrying it typically needs a household income of about $87,862 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $108,000
Population: 33,236
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M9B)

$449,800· $474/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,490

Min 5%50%

Mortgage payment$2,369/mo

↳ CMHC premium ($17,092 capitalized)

Est. property tax$0/mo

Condo fee$628/mo

Total monthly$2,997

Cash Needed to Close

Down payment (5%)$22,490

Land transfer tax$10,942

Est. closing costs$3,849

Total cash needed$37,281

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