$499,999

For sale

#505 8 Fieldway Road, Toronto (Islington-City Centre West) - Single Family for Sale

#505 8 Fieldway Road, Toronto (Islington-City Centre West), Ontario, M8Z3L1

2 beds1 bath1 parking650 ft²$719/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $499,999 asking price sits right in line with the $519,000 median in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

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Description

Welcome To Suite 505 At The Westwood Condos A Tastefully Updated 1-Bedroom-Plus-Den Suite Offering A Spacious, Functional Layout, 9-Foot Ceilings And Beautiful Western Exposure With Plenty Of Natural Light. The Generous Eat-In Kitchen Features A Custom Island And New Appliances, Providing Excellent Prep, Storage And Entertaining Space. The Primary Bedroom Easily Accommodates A King-Size Bed And Offers Ample Closet Space Plus Blackout Blinds. Ideally Located In A Boutique Building At Bloor And Islington, Just Steps From The Subway, Shops, Restaurants And Everyday Conveniences, With Quick Access To Major Highways. Includes Parking And The Rare Convenience Of A Locker Located On The Same Floor As The Suite! (id:66096)

Property Details

MLS®: W14083676
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Other, No Garage
Condo Fee: $719/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,478.65/yr
Listed: 21 days ago

Rooms

Main level

Kitchen: 3.32 x 2.72 meters
Den: 2.49 x 2.34 meters
Primary Bedroom: 3.89 x 3.02 meters
Other: 2.84 x 1.47 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, Hood Fan
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Islington-City Centre West) listings, avg age

57d

Price / ft²

$770

List price

$500K

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 (Islington-City Centre West) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. · KRIS GNANENTHRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $499,999, about 4.5× the local median household income of $111,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$499,999· $770/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$207/mo

Condo fee$719/mo

Total monthly$3,559

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$12,950

Est. closing costs$4,000

Total cash needed$41,950

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