$1,199,000

For sale

#516 1177 Yonge Street, Toronto (Rosedale-Moore Park) - Single Family for Sale

#516 1177 Yonge Street, Toronto (Rosedale-Moore Park), Ontario, M4T2Y4

2 beds2 baths1 parking1,500 ft²$2,150/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. Its $1,199,000 asking price sits right in line with the $1,150,000 median in Toronto. It has been on the market 35 days, fresher than the Toronto average of 45 days.

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Description

An exceptional opportunity to enjoy a maintenance-free lifestyle in the heart of Yonge & Summerhill! Unit 516 is an exceptionally spacious 1,471 sq. ft. residence offering generous principal rooms, tons of natural light and beautiful south- and east-facing treetop views. An ideal city home for downsizers, the thoughtful layout is perfect for both everyday living and entertaining. Dramatic curved wrap-around windows fill the expansive living room with light and frame the wonderful treed views, while a fireplace and custom built-ins add warmth and character. The separate formal dining room comfortably seats eight and offers a beautiful setting for dinner parties and gatherings. The updated kitchen features stone countertops, tiled backsplash, stainless steel appliances and ample cabinetry. Hardwood floors throughout.The spacious primary retreat features a large walk-in closet with custom built-ins and a modern ensuite with floating double vanity, deep soaker tub and separate glass-enclosed shower. A generous second bedroom and second full bathroom complete the space. The Ports is a coveted boutique building in one of Toronto's most desirable neighbourhoods, offering 24-hour concierge, gym, sauna, games room, private gardens and tennis court. Automatic accessibility doors provide convenient access to Yonge Street and the parking levels, along with a mobility access ramp. Enjoy the very best of Summerhill just outside your door - a short walk to incredible restaurants, cafés, shops and boutiques, Summerhill TTC station and nearby ravine trails for walking, running and hiking. Includes one underground parking space and a private locker room conveniently located directly behind the parking space. (id:66096)

Property Details

MLS®: C13845070
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,500 ft²
Basement: None
Heating: Heat Pump, Baseboard heaters, Electric, Natural gas
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $2,150/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,972/yr
Listed: 35 days ago

Rooms

Main level

Living room: 5.49 x 5.11 meters
Dining room: 3.73 x 2.92 meters
Kitchen: 3.35 x 3 meters
Primary Bedroom: 4.8 x 3.66 meters
Bedroom 2: 4.12 x 3.02 meters
Foyer: 2.54 x 1.85 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, Dishwasher, Stove, Dryer, Microwave, Blinds, Window Coverings
Flooring: Tile, Hardwood, Carpeted
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Toronto (Rosedale-Moore Park) listings, avg age

45d

Price / ft²

$800

List price

$1.20M

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 (Rosedale-Moore Park) has been listed for 35 days, which is 10 days fresher than the city average of 45. Act while there is still low competition.

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · SUSAN FROESE-MCHARDY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4T)

This home lists at $1,199,000, about 10.5× the local median household income of $114,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 105% above the area median.

Median household income: $114,000
Population: 10,332
Median age: 46.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M4T)

$1,199,000· $800/ft²

For sale

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Full Cost Breakdown

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Down Payment7.91% · $94,900

Min 7.91%50%

Mortgage payment$6,121/mo

↳ CMHC premium ($44,164 capitalized)

Property tax (est.)$498/mo

Condo fee$2,150/mo

Total monthly$8,769

Cash Needed to Close

Down payment (7.91%)$94,900

Land transfer tax$40,910

Est. closing costs$6,097

Total cash needed$141,907

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