$518,000

For sale

#505 2 Old Mill Drive, Toronto (High Park-Swansea) - Single Family for Sale

#505 2 Old Mill Drive, Toronto (High Park-Swansea), Ontario, M6S0A2

1 bed1 bath1 parking550 ft²$759/mo condo feeListed 55 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $518,000, it is attractively priced about 14% below the $599,999 median asking price in Toronto.

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Description

Welcome to this Elegant Tridel-Built 1-Bedroom Suite in the Prestigious Old Mill Community! Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated Living Space. The Modern Kitchen Features Stainless Steel Appliances, Granite Countertops, Breakfast Bar, and Stylish Ceramic Tile Backsplash. The Well-Appointed Bathroom Showcases Premium Porcelain Tile, Marble Countertop, and Upscale Fixtures. Includes 1 Parking Space and 1 Locker for Added Convenience. Enjoy an Exceptional Building with an Impressive Selection of Amenities. Ideally Located Just Steps to Old Mill Subway Station, Bloor West Village, the Humber River, Scenic Walking & Cycling Trails, Shops, Restaurants, and More. Experience the Perfect Combination of Luxury, Convenience, and Nature in One of Toronto's Most Desirable Neighbourhoods! Property is virtually staged. (id:66096)

Property Details

MLS®: W13775206
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, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $759/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,107.6/yr
Listed: 55 days ago

Rooms

Main level

Kitchen: 3.2 x 2.74 meters
Primary Bedroom: 3.35 x 3.05 meters
Dining room: 5.79 x 3.51 meters
Living room: 5.79 x 3.51 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, Microwave, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Ravine, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Toronto (High Park-Swansea) listings, avg age

55d

Price / ft²

$943

List price

$518K

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 (High Park-Swansea) has been listed for 55 days, right at the city average. A solid opportunity worth looking into.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · LOUIE LUK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6S)

This home lists at $518,000, about 4.8× the local median household income of $108,000.

Carrying it typically needs a household income of about $101,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $108,000
Population: 34,029
Median age: 41.6
Owner / renter: 68% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6S)

$518,000· $943/ft²

For sale

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Full Cost Breakdown

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Down Payment5.17% · $26,800.00

Min 5.17%50%

Mortgage payment$2,723/mo

↳ CMHC premium ($19,648 capitalized)

Property tax (est.)$259/mo

Condo fee$759/mo

Total monthly$3,742

Cash Needed to Close

Down payment (5.17%)$26,800

Land transfer tax$13,670

Est. closing costs$4,054

Total cash needed$44,524

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