$299,900

$350,000For salePrice drop↓ $50,100 (14%)

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#504 117 Gerrard Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#504 117 Gerrard Street East, Toronto (Church-Yonge Corridor), Ontario, M5B2L4

1 bed1 bath0 parking550 ft²$700/mo condo feeListed 64 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space.

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Description

Exceptional Downtown Toronto Condo Offering Outstanding Value, Space, and Convenience! This Bright, East-Facing 597 Sq.Ft. Bachelor Suite Features a Functional, Versatile Layout With A Separate Dining Area And Sun-Filled Solarium. An Excellent Opportunity For First-Time Buyers, Students, Professionals, Parents Purchasing For A Student, Or Investors Seeking A Downtown Toronto Condo In A Highly Walkable Location. Maintenance Fees Include Utilities, High-Speed Internet and Cable, Offering Excellent Value And Predictable Monthly Expenses. The Suite Features A Renovated Bathroom And Plenty Of Potential To Personalize. Ideally Located Steps From Toronto Metropolitan University (TMU), With The University of Toronto, Eaton Centre, The Village, Grocery Stores, Restaurants, Shopping, Transit, and Everyday Amenities Close By. This Quiet Well-Maintained Building Offers 24-Hour Concierge, Visitor Parking, A Rooftop Terrace With BBQ And Hot Tub. Plus A Private Dog Park. An Incredible Opportunity To Own A Spacious Bachelor Condo In The Heart of Downtown Toronto! (id:66096)

Property Details

MLS®: C13735648
Property Type: Single Family
Zoning: Residential
Bedrooms: 1
Beds (above / below): 0 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $700/mo
Ownership: Condo/Strata
Property Tax: $1,848/yr
Listed: 64 days ago

Rooms

Flat

Kitchen: 2.31 x 2.51 meters
Living room: 3.48 x 3.42 meters
Dining room: 3.08 x 2.82 meters
Solarium: 1.87 x 2.48 meters
Den: 1.97 x 3.1 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
Flooring: Ceramic
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$546

List price

$300K

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 1-bed single family in Toronto (Church-Yonge Corridor) 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 REMAX YOUR COMMUNITY REALTY · JULIA ESTHER SEATON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5B)

This home lists at $299,900, about 5.2× the local median household income of $58,000.

Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.

Median household income: $58,000
Population: 17,422
Median age: 31.4
Owner / renter: 28% / 72%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5B)

$299,900· $546/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$154/mo

Condo fee$700/mo

Total monthly$2,434

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$5,947

Est. closing costs$3,400

Total cash needed$24,342

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#504 117 Gerrard Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5B)

Book a showing

Full Cost Breakdown