$549,000

For sale

#506 8 The Esplanade Street, Toronto (Waterfront Communities) - Single Family for Sale

#506 8 The Esplanade Street, Toronto (Waterfront Communities), Ontario, M5E0A6

2 beds1 bath0 parking650 ft²$645/mo condo feeListed 70 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,000, it is attractively priced about 13% below the $629,900 median asking price in Toronto.

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Description

Downtown Living at Its Finest in the Iconic L Tower! Rarely offered corner 1 Bedroom + Den suite featuring 663 sq. ft. of beautifully designed living space, spectacular northwest city views and an abundance of natural light through expansive floor-to-ceiling windows. With 9-ft smooth ceilings and a sleek, sophisticated interior, this suite delivers the perfect combination of luxury, functionality and location.The contemporary kitchen impresses with premium Miele stainless steel appliances, granite countertops, stylish backsplash, undermount lighting and pot lights, opening seamlessly into the living space for effortless entertaining. The generous den is a true bonus, offering the flexibility of a second bedroom, private home office or elegant dining area.Complete with in-suite stacked laundry and a locker, plus access to outstanding amenities and 24-hour concierge service.And the location? Simply unbeatable. Steps to Union Station, the Financial District, St. Lawrence Market, the waterfront, PATH, transit, dining and entertainment. Live, work and experience Toronto from one of the city's most recognizable architectural landmarks. Perfect for end-users and investors alike-this is downtown living done right! (id:66096)

Property Details

MLS®: C13720704
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $645/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,300/yr
Listed: 70 days ago

Rooms

Flat

Living room: 5.48 x 3.2 meters
Dining room: 5.48 x 3.2 meters
Kitchen: 3.28 x 2.16 meters
Primary Bedroom: 3.05 x 2.9 meters
Den: 3.12 x 2.8 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
Flooring: Laminate
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

70d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$845

List price

$549K

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 (Waterfront Communities) 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 RE/MAX ULTIMATE REALTY INC. · TANIA MENICUCCI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $549,000, about 5.6× the local median household income of $98,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 9% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$549,000· $845/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$275/mo

Condo fee$645/mo

Total monthly$3,798

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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