$498,000

For sale

#505 777 Steeles Avenue, Toronto (Newtonbrook West) - Single Family for Sale

#505 777 Steeles Avenue, Toronto (Newtonbrook West), Ontario, M2R3Y4

2 beds1 bath1 parking650 ft²$698/mo condo feeListed 58 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $498,000, it is attractively priced about 9% below the $549,000 median asking price in Toronto.

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Description

Luxury 1+Den in Prime Uptown Toronto. Experience sophisticated city living in this bright and spacious suite featuring 9' ceilings, floor-to-ceiling windows, and a functional open-concept layout. The den can easily serve as a second bedroom or home office. Enjoy a large private balcony, granite countertops. Located in a quiet boutique building surrounded by Uptown Toronto's most vibrant neighborhoods - minutes to York University, Finch & Downsview Subway, transit at your door step, Major grocery stores, Shoppers, Banks shopping, cafés, restaurants, and top-rated schools.... You are very close to all amenities.. truly a place that shows to perfection! (id:66096)

Property Details

MLS®: C13762312
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $698/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,968.16/yr
Listed: 58 days ago

Rooms

Main level

Living room: 5.48 x 3.08 meters
Dining room: 5.48 x 3.08 meters
Kitchen: 2.53 x 2.44 meters
Primary Bedroom: 4.12 x 3.05 meters
Den: 2.75 x 2.44 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, Window Coverings
Flooring: Tile, Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Newtonbrook West) listings, avg age

56d

Price / ft²

$767

List price

$498K

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 2-bed single family in Toronto (Newtonbrook West) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · AFROUZ BIBAK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2R)

This home lists at $498,000, about 6.4× the local median household income of $78,000.

Carrying it typically needs a household income of about $97,277 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.

Median household income: $78,000
Population: 40,581
Median age: 44.4
Owner / renter: 44% / 56%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M2R)

$498,000· $767/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,900

Min 5%50%

Mortgage payment$2,623/mo

↳ CMHC premium ($18,924 capitalized)

Property tax (est.)$164/mo

Condo fee$698/mo

Total monthly$3,485

Cash Needed to Close

Down payment (5%)$24,900

Land transfer tax$12,870

Est. closing costs$3,994

Total cash needed$41,764

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