$575,000

$599,000For salePrice drop↓ $24,000 (4%)

#506B 25 Ritchie Avenue, Toronto (Roncesvalles) - Single Family for Sale

#506B 25 Ritchie Avenue, Toronto (Roncesvalles), Ontario, M6R2J6

1 bed1 bath1 parking650 ft²$670/mo condo feeListed 44 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $575,000 asking price sits right in line with the $579,000 median in Toronto.

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Description

Welcome to this unique top-floor loft at 25 Ritchie Ave, offering an incredible combination of indoor-outdoor living and panoramic city views. This bright and stylish 1-bedroom suite features 9-ft ceilings, hardwood floors, ensuite laundry, and roll-down blinds throughout. The modern kitchen is finished with a striking red quartz countertop and backsplash, stainless steel appliances, gas stove, and built-in microwave. Step outside to your private balcony or head up to the rooftop terrace with spectacular 360 views, complete with a BBQ and dedicated gas line-perfect for entertaining. Additional features include a glass-enclosed shower, owned AC, furnace and hot water heater, underground parking and locker. Enjoy the building's charming courtyard and an unbeatable Roncesvalles location close to transit, shops, restaurants, parks and everything the neighbourhood has to offer. (id:66096)

Property Details

MLS®: W13817522
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $670/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,992.51/yr
Listed: 44 days ago

Rooms

Main level

Living room: 3.31 x 5.42 meters
Kitchen: 3.31 x 5.42 meters
Primary Bedroom: 3.2 x 5.42 meters

Upper Level

Other: 10.36 x 5.42 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, Gas stove(s), Dishwasher, Dryer, Microwave, Hood Fan, Window Coverings
Flooring: Hardwood
Exterior: Steel, Stucco
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Roncesvalles) listings, avg age

46d

Price / ft²

$885

List price

$575K

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 (Roncesvalles) has been listed for 44 days, which is 2 days fresher than the city average of 46. Act while there is still low competition.

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Listed by SUTTON GROUP-ADMIRAL REALTY INC. · ANDREY ZAVIDOVSKIY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6R)

This home lists at $575,000, about 5.5× the local median household income of $104,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $104,000
Population: 19,349
Median age: 39.2
Owner / renter: 51% / 49%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M6R)

$575,000· $885/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$249/mo

Condo fee$670/mo

Total monthly$3,927

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$15,950

Est. closing costs$4,225

Total cash needed$52,675

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