$545,000

For sale

#508 38 Dan Leckie Way, Toronto (Waterfront Communities) - Single Family for Sale

#508 38 Dan Leckie Way, Toronto (Waterfront Communities), Ontario, M5V2V6

2 beds1 bath1 parking650 ft²$464/mo condo feeListed 41 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $545,000, it is attractively priced about 13% below the $629,900 median asking price in Toronto. It has been on the market 41 days, fresher than the Toronto average of 57 days.

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Description

Welcome to 38 Dan Leckie Way, where vibrant downtown living meets the tranquility of the waterfront. This meticulously maintained 1-bedroom + den, south-facing residence offers beautiful water views from its open balcony and an exceptional CityPlace location. The thoughtfully designed layout features a bright, open-concept living space and a versatile den with its own door and natural light - ideal for a home office, guest room or additional living space. The spacious kitchen offers modern finishes and ample room for everyday cooking and entertaining, while the living area captures the beauty of the waterfront beyond. Enjoy the best of Toronto right outside your door. Take a morning walk, run or bike ride along the waterfront promenade, or enjoy being just minutes from The Well, one of Toronto's premier destinations for dining, shopping, fitness, entertainment and everyday conveniences. The Entertainment District, Rogers Centre, restaurants, cafes, nightlife and transit are also just minutes away. A rare opportunity to enjoy south-facing water views, a highly functional layout and an unbeatable downtown location - offering the perfect balance of waterfront serenity and city convenience, with The Well and the best of downtown Toronto at your doorstep. (id:66096)

Property Details

MLS®: C13831178
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $464/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,693.27/yr
Listed: 41 days ago

Rooms

Main level

Kitchen: 3.05 x 2.69 meters
Living room: 3.35 x 2.29 meters
Dining room: 3.05 x 2.29 meters
Primary Bedroom: 2.95 x 2.87 meters
Den: 2.74 x 2.13 meters

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

Features

Appliances: Washer, Stove, Oven, Dryer, Hood Fan, Blinds
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$839

List price

$545K

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) has been listed for 41 days, which is 16 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · SHAY MOHAMED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $545,000, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $106,458 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$545,000· $839/ft²

For sale

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Full Cost Breakdown

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Down Payment5.41% · $29,500

Min 5.41%50%

Mortgage payment$2,858/mo

↳ CMHC premium ($20,620 capitalized)

Property tax (est.)$224/mo

Condo fee$464/mo

Total monthly$3,546

Cash Needed to Close

Down payment (5.41%)$29,500

Land transfer tax$14,750

Est. closing costs$4,135

Total cash needed$48,385

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