$575,000

For saleJust listed

#507 127 Queen Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#507 127 Queen Street East, Toronto (Church-Yonge Corridor), Ontario, M5C1S3

2 beds1 bath0 parking750 ft²$790/mo condo feeListed 6 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Its $575,000 asking price sits right in line with the $595,000 median in Toronto. It has been on the market 6 days, fresher than the Toronto average of 63 days.

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Description

Welcome to Glass House Lofts, a boutique residence offering stylish urban living in the heart of downtown Toronto! This bright and spacious 711 sq. ft. 1 bedroom + den suite combines contemporary finishes with distinctive loft-inspired character. Featuring soaring exposed concrete ceilings, expansive floor-to-ceiling windows, a Juliette balcony and modern laminate flooring throughout, the generous open-concept living and dining area is filled with natural light and offers plenty of room to relax or entertain. The sleek kitchen features quartz countertops, stainless steel appliances including a gas stove and overlooks the living dining area. A generously sized den provides an ideal home office, reading nook or flexible living space, while the comfortable bedroom offers ample closet space. Additional highlights include a well-appointed 4-piece bathroom, convenient ensuite laundry and a separate storage locker. Ideally situated steps from the Queen streetcar, subway, St. Lawrence Market, Eaton Centre, Financial District and an incredible selection of restaurants, cafés and shops. Experience the character of boutique loft living with all the convenience and excitement of downtown Toronto right at your doorstep! (id:66096)

Property Details

MLS®: C14127904
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 750 ft²
Style: Loft
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $790/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,854.4/yr
Listed: 6 days ago

Rooms

Main level

Kitchen: 2.53 x 3.3 meters
Dining room: 5.16 x 3.65 meters
Living room: 5.16 x 3.65 meters
Primary Bedroom: 2.59 x 2.29 meters
Den: 2.7 x 3.52 meters
Bathroom: 1.57 x 2.28 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, Range, Dryer, Microwave
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$767

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 2-bed single family in Toronto (Church-Yonge Corridor) has been listed for 6 days, which is 57 days fresher than the city average of 63. Act while there is still low competition.

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Listed by KELLER WILLIAMS PORTFOLIO REALTY · PAUL KING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5C)

This home lists at $575,000, about 6.5× the local median household income of $89,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $89,000
Population: 3,149
Median age: 36.4
Owner / renter: 47% / 53%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5C)

$575,000· $767/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.)$238/mo

Condo fee$790/mo

Total monthly$4,035

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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