$579,000

$615,000For salePrice drop↓ $36,000 (6%)

#512 1 Balmoral Avenue, Toronto (Yonge-St. Clair) - Single Family for Sale

#512 1 Balmoral Avenue, Toronto (Yonge-St. Clair), Ontario, M4V3B9

1 bed1 bath1 parking650 ft²$977/mo condo feeListed 23 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $579,000, it is attractively priced about 36% below the $899,000 median asking price in Toronto. It has been on the market 23 days, fresher than the Toronto average of 47 days.

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Description

All-inclusive with one parking space and one very large locker in the iconic Grande Dame of Summerhill-One Balmoral! This French Chateau architecture sets this condo apart from others in both elegance and luxury. The secret west garden oasis with a waterfall and covered sitting area is a welcoming surprise! The newly redesigned marble lobby entry is a testament to the ongoing pride of ownership of the residents. This immaculate, bright suite answers your 'bucket' list for the perfect pied-à-terre in one of the most sought-after, well-located buildings in prime Summerhill. Two Juliette balconies, wall-to-wall built-in bookcase, Moulded Feature Wall in Bedroom, Wood and travertine marble floors- all demonstrate the quality of construction. Rooms are spacious, with the Primary Bedroom large enough for a King bed. Ample underground parking and guest suites make this ideal for guests. Amenities include a well-equipped gym and spacious, recently renovated party/entertainment area. This building is impeccably maintained and well-managed with a healthy reserve. Enjoy elegant, carefree living at its best! (id:66096)

Property Details

MLS®: C14031048
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 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: $977/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,583.34/yr
Listed: 23 days ago

Rooms

Flat

Living room: 3.59 x 3.18 meters
Dining room: 2.32 x 3.95 meters
Primary Bedroom: 4.28 x 3.26 meters
Kitchen: 2.44 x 2.5 meters
Bathroom: 3.49 x 1.75 meters

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

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Range, Dryer, Cooktop, Blinds
Flooring: Hardwood
Exterior: Concrete, Stucco
Lot Features: Ravine, Wheelchair access, Balcony, Guest Suite

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Yonge-St. Clair) listings, avg age

47d

Price / ft²

$891

List price

$579K

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 (Yonge-St. Clair) has been listed for 23 days, which is 24 days fresher than the city average of 47. Act while there is still low competition.

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · ERICA ANNE COOK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4V)

This home lists at $579,000, about 5.8× the local median household income of $99,000.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $99,000
Population: 19,273
Median age: 45.2
Owner / renter: 44% / 56%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M4V)

$579,000· $891/ft²

For sale

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Full Cost Breakdown

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$299/mo

Condo fee$977/mo

Total monthly$4,303

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$16,110

Est. closing costs$4,237

Total cash needed$53,247

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