$389,000

For sale

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#505 1 Neighbourhood Lane, Toronto (Stonegate-Queensway) - Single Family for Sale

#505 1 Neighbourhood Lane, Toronto (Stonegate-Queensway), Ontario, M8Y0C7

1 bed1 bath1 parking ft²

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#407 935 Royal York Road, Toronto (Stonegate-Queensway), Ontario, M8Y4H1

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3 bd2 ba2 pk1,700 ft²+$2442/mo

Listed by ROYAL LEPAGE TERREQUITY REALTY

Investment analysis

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$389,000

Toronto

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Description

Lowest price ever- priced for action. This exceptional and boutique "Backyard Condos" building is just steps from the scenic Humber Trail, with trendy shops, restaurants, TTC and highway access - downtown only minutes away. The open concept suite with a stunning west facing exposure, boasting 9' ceilings - take advantage and enjoy the building's exceptional and state of the art facilities/amenities with it's splendid rooftop terrace with fire pit, concierge service and guest suites and much, much more! (id:66096)

Property Details

MLS®: W13714222
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $501/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,898/yr
Listed: 70 days ago

Market Timing

Days on market

70d

Toronto (Stonegate-Queensway) listings, avg age

51d

Price / ft²

$708

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 (M8Y)

This home lists at $389,000, about 4.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $75,985 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$389,000· $708/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,450

Min 5%50%

Mortgage payment$2,049/mo

↳ CMHC premium ($14,782 capitalized)

Property tax (est.)$158/mo

Condo fee$501/mo

Total monthly$2,708

Cash Needed to Close

Down payment (5%)$19,450

Land transfer tax$8,620

Est. closing costs$3,667

Total cash needed$31,737

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

#505 1 Neighbourhood Lane, Toronto (Stonegate-Queensway) - Single Family for Sale

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Description

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Neighbourhood profile (M8Y)

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