$389,235

For sale

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#504 921 Midland Avenue, Toronto (Eglinton East) - Single Family for Sale

#504 921 Midland Avenue, Toronto (Eglinton East), Ontario, M1K4G2

2 beds1 bath1 parking ft²

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Investment analysis

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$389,235

Toronto

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Description

Spacious and nicely renovated 2 bedroom Condo in super high demand location. The building is located just minutes away from the Kennedy subway and just steps away from the upcoming Eglinton crosstown LRT. The Midland Ave bus stop is right at the front door of the building and shopping is very convenient as supermarkets and shopping malls abound in the area. Schools and places of worship of all denominations are all within easy walking distance. One would be hard pressed to find a more convenient location, being literally minutes from downtown Toronto, easy drive or subway trip, 10 - 15 minutes to either the 401 or DVP highways. (id:66096)

Property Details

MLS®: E13484894
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Condo Fee: $755/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $995/yr
Listed: 133 days ago

Market Timing

Days on market

133d

Toronto (Eglinton East) listings, avg age

48d

Price / ft²

$458

List price

$389K

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 (M1K)

This home lists at $389,235, about 5.4× the local median household income of $72,500.

Carrying it typically needs a household income of about $76,031 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$389,235· $458/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,461.75

Min 5%50%

Mortgage payment$2,050/mo

↳ CMHC premium ($14,791 capitalized)

Property tax (est.)$83/mo

Condo fee$755/mo

Total monthly$2,888

Cash Needed to Close

Down payment (5%)$19,462

Land transfer tax$8,627

Est. closing costs$3,668

Total cash needed$31,757

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

#504 921 Midland Avenue, Toronto (Eglinton East) - Single Family for Sale

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M1K)

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Full Cost Breakdown