$612,888

For saleJust listed

#505 5 Hanna Avenue, Toronto (Niagara) - Single Family for Sale

#505 5 Hanna Avenue, Toronto (Niagara), Ontario, M6K0B3

1 bed2 baths0 parking650 ft²$517/mo condo feeListed Today

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $612,888 asking price sits right in line with the $615,000 median in Toronto. It has been on the market 0 days, fresher than the Toronto average of 48 days.

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Description

Experience loft living in the heart of Liberty Village at Liberty Market Lofts. This striking one-bedroom, two-bathroom residence features a two-storey layout with soaring 17-foot ceilings and expansive windows that fill the living space with natural light. The open-concept main floor offers an inviting setting for everyday living and entertaining, complemented by a contemporary kitchen with granite countertops and integrated appliances. Step onto the south-facing balcony to enjoy lake and city views, or unwind in the upper-level bedroom overlooking the living area below. A four-piece ensuite, convenient main-floor powder room and ensuite laundry complete this thoughtfully designed space. Building amenities include concierge service, a fitness centre, party room, business centre and guest suites. With cafés, restaurants, shopping and everyday essentials close by, plus convenient access to transit, parks and the waterfront, this loft brings character and convenience together in one of Toronto's most vibrant neighbourhoods. (id:66096)

Property Details

MLS®: C14154252
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 650 ft²
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $517/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,980/yr

Rooms

Main level

Kitchen: 2.77 x 3.66 meters
Den: 2.77 x 3.66 meters
Living room: 2.77 x 4.57 meters
Primary Bedroom: 3.5 x 3.04 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, Range, Oven, Dryer, Microwave, Cooktop
Flooring: Laminate
Exterior: Steel, Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Niagara) listings, avg age

48d

Price / ft²

$944

List price

$613K

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 (Niagara) has been listed for 0 days, which is 48 days fresher than the city average of 48. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · ASHTONNE TESORO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6K)

This home lists at $612,888, about 8.5× the local median household income of $72,000.

Carrying it typically needs a household income of about $119,718 (20% down, 25-yr amortization, stress-tested) — roughly 66% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$612,888· $944/ft²

For sale

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Full Cost Breakdown

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Down Payment5.92% · $36,288.80

Min 5.92%50%

Mortgage payment$3,197/mo

↳ CMHC premium ($23,064 capitalized)

Property tax (est.)$248/mo

Condo fee$517/mo

Total monthly$3,962

Cash Needed to Close

Down payment (5.92%)$36,289

Land transfer tax$17,466

Est. closing costs$4,339

Total cash needed$58,093

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