$589,000

For sale

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#515 25 Neighbourhood Lane, Toronto (Stonegate-Queensway) - Single Family for Sale

#515 25 Neighbourhood Lane, Toronto (Stonegate-Queensway), Ontario, M8Y0C4

3 beds2 baths1 parking ft²

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For saleJust listed

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#407 935 Royal York Road, Toronto (Stonegate-Queensway), Ontario, M8Y4H1

For sale

13 days ago

$1.70M

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3 bd2 ba2 pk1,700 ft²+$2442/mo

Listed by ROYAL LEPAGE TERREQUITY REALTY

Investment analysis

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$589,000

Toronto

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Description

2 Bedroom + Large Den, Open Concept Floor Plan with lots of Natural Light and Floor to Ceiling Windows. 9Ft Ceilings with East Facing Views from your Spacious Balcony. 828 interior living space with 98sqft balcony for a total of 926sqft of functional living space. Enjoy these Elegant Finishes in a Cozy Boutique Low Rise Condominium. Amenities include: Roof Top Terrace, Party Room, Guest Suites, BBQ area, Fitness Center. Steps to Public Transit, Major Highways, Restaurants, Shopping, Humber River, Waterfront. Minutes from Go Station and Old Mill Subway Station. (id:66096)

Property Details

MLS®: W13629828
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $753/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,843/yr
Listed: 95 days ago

Market Timing

Days on market

95d

Toronto (Stonegate-Queensway) listings, avg age

51d

Price / ft²

$693

List price

$589K

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.

Area context

Neighbourhood profile (M8Y)

This home lists at $589,000, about 6.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$589,000· $693/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,900

Min 5.76%50%

Mortgage payment$3,078/mo

↳ CMHC premium ($22,204 capitalized)

Property tax (est.)$237/mo

Condo fee$753/mo

Total monthly$4,068

Cash Needed to Close

Down payment (5.76%)$33,900

Land transfer tax$16,510

Est. closing costs$4,267

Total cash needed$54,677

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#515 25 Neighbourhood Lane, Toronto (Stonegate-Queensway) - Single Family for Sale

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Neighbourhood profile (M8Y)

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