$309,000

For sale

#506 915 Midland Avenue, Toronto (Eglinton East) - Single Family for Sale

#506 915 Midland Avenue, Toronto (Eglinton East), Ontario, M1K4G1

1 bed1 bath1 parking650 ft²$572/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $309,000, it is attractively priced about 28% below the $429,000 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 48 days.

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Description

Welcome to 915 Midland Ave, Suite 506! This bright, move in ready 1-bedroom condo features an open-concept layout, large windows, upgraded warm wood-look vinyl flooring, an updated kitchen with new backsplash, fridge and stove, updated 4-piece bath, and a spacious balcony. Includes 1 parking space. Maintenance fees cover heat, hydro, water, building insurance and common elements. Ideally located steps to TTC, minutes to Kennedy Subway, GO Transit, Eglinton Crosstown LRT and the upcoming Scarborough Subway Extension, with easy access to the DVP, Hwy 401, shopping, schools and parks. An excellent opportunity for first-time buyers or investors seeking affordable ownership and long-term potential. Some photos have been virtually staged. Don't miss this opportunity! (id:66096)

Property Details

MLS®: E14021918
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Natural gas
Cooling: None
Garage: No Garage
Condo Fee: $572/mo
Fee Includes: Heat, Electricity, Water, Parking
Ownership: Condo/Strata
Property Tax: $859.65/yr
Listed: 22 days ago

Rooms

Main level

Living room: 3.86 x 6.29 meters
Dining room: 2.3 x 2.89 meters
Kitchen: 2.2 x 2.22 meters
Bedroom: 3.36 x 3.93 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove
Flooring: Vinyl
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Eglinton East) listings, avg age

48d

Price / ft²

$476

List price

$309K

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 (Eglinton East) has been listed for 22 days, which is 26 days fresher than the city average of 48. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · ZARINA GIRACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1K)

This home lists at $309,000, about 4.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $60,359 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$309,000· $476/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,450

Min 5%50%

Mortgage payment$1,627/mo

↳ CMHC premium ($11,742 capitalized)

Property tax (est.)$72/mo

Condo fee$572/mo

Total monthly$2,271

Cash Needed to Close

Down payment (5%)$15,450

Land transfer tax$6,220

Est. closing costs$3,427

Total cash needed$25,097

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