$489,000

For sale

#505 2287 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

#505 2287 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3Y1

1 bed1 bath1 parking750 ft²$925/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $489,000, it is attractively priced about 25% below the $650,000 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 58 days.

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Description

Resort-Style Living At The Grand Harbour! Ideally Located Right On The Boardwalk & Lake, WithThe 501 & 508 Streetcars At Your Doorstep For Easy Access To Downtown. Enjoy Superior Resort-Style Amenities, Beautifully Manicured Grounds, And A Lifestyle That Feels Like A Year-RoundGetaway.This Beautiful, Bright & Impeccably Maintained Unit Has Been Tastefully Updated By The CurrentOwner. The Open-Concept Layout Offers An Inviting Space For Both Everyday Living &Entertaining, While The Large Foyer Features A Double Closet For Excellent Storage.Recent Renovations Include Hardwood Floors & A Beautifully Updated Kitchen With GraniteCountertops, Glass Backsplash, Oversized Stainless Steel Sink & Convenient Under-CabinetLighting.Enjoy An Exceptional Collection Of Amenities, Including An Indoor Pool, Sauna, Hot Tub, FullyEquipped Gym, Squash Court, 24/7 Concierge, Car Wash & Exclusive Wine Cellar. Set WithinBeautifully Manicured Grounds & Just Steps From The Waterfront, This Is Resort-Style Living At Its Finest! (id:66096)

Property Details

MLS®: W14084750
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $925/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,164.23/yr
Listed: 22 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Exterior: Concrete, Stone
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$652

List price

$489K

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 (Mimico) has been listed for 22 days, which is 36 days fresher than the city average of 58. Act while there is still low competition.

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Listed by SKYBOUND REALTY · AMANDA BARRUCCO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $489,000, about 6.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$489,000· $652/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,450

Min 5%50%

Mortgage payment$2,576/mo

↳ CMHC premium ($18,582 capitalized)

Property tax (est.)$180/mo

Condo fee$925/mo

Total monthly$3,681

Cash Needed to Close

Down payment (5%)$24,450

Land transfer tax$12,510

Est. closing costs$3,967

Total cash needed$40,927

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