$979,000

For sale

#506 181 Davenport Road, Toronto (Annex) - Single Family for Sale

#506 181 Davenport Road, Toronto (Annex), Ontario, M5R1J1

2 beds1 bath1 parking750 ft²$1,119/mo condo feeListed 36 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $979,000, it is attractively priced about 5% below the $1,029,000 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 58 days.

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Description

A rare opportunity to own an exquisitely designed two-bedroom, 743 sq. ft. residence at Mizrahi's celebrated 181 Davenport Road, an exclusive boutique building with just 68 suites. This is the highest floor available for this sought-after 2-bedroom layout, offering a sophisticated urban retreat in the heart of Yorkville. The beautifully appointed suite features premium Miele appliances, Waterworks bathroom fixtures, a generous walk-in pantry, and a private balcony overlooking the treetops of Ramsden Park. The current owner has elevated the residence with exquisite custom details, including NewWall wallpaper, custom drapery with blackout lining, and California Closets inserts. Residents enjoy an exceptional collection of five-star amenities, including full-service concierge and valet, a state-of-the-art gym, media room, guest suite, and an impressive party room designed for elegant entertaining and holiday gatherings. Complete with one parking space and a private storage room, this exceptional residence offers the ultimate in lock-and-leave convenience and refined city living. Ideally situated in one of Toronto's most sophisticated neighbourhoods, with effortless access to the Bay subway station, hospital district, Financial Core, University of Toronto, ROM, Koerner Hall, and the very best of Yorkville's shopping. (id:66096)

Property Details

MLS®: C13842602
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 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: $1,119/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,849.4/yr
Listed: 36 days ago

Features

Appliances: Barbeque, Oven - Built-In
Exterior: Concrete
Lot Features: Lighting, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,306

List price

$979K

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

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · JEFF KNIGHT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $979,000, about 11.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $191,233 (20% down, 25-yr amortization, stress-tested) — roughly 122% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$979,000· $1,306/ft²

For sale

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Full Cost Breakdown

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Down Payment7.45% · $72,900

Min 7.45%50%

Mortgage payment$5,024/mo

↳ CMHC premium ($36,244 capitalized)

Property tax (est.)$404/mo

Condo fee$1,119/mo

Total monthly$6,547

Cash Needed to Close

Down payment (7.45%)$72,900

Land transfer tax$32,110

Est. closing costs$5,437

Total cash needed$110,447

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