$498,000

For sale

#516 60 Tannery Road, Toronto (Waterfront Communities) - Single Family for Sale

#516 60 Tannery Road, Toronto (Waterfront Communities), Ontario, M5A0S8

1 bed1 bath1 parking550 ft²$615/mo condo feeListed 59 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $498,000, it is attractively priced about 21% below the $629,900 median asking price in Toronto.

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Description

Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected - prep dinner, catch your favourite show, and take in the view all at once.Your private balcony is the perfect reset: morning coffee, evening unwind, fresh air above the city.The primary bedroom is smartly designed with wall-to-wall closets that maximize every inch.Outside your door, it only gets better. Run the trails at Corktown Common, stroll the waterfront, work out at the YMCA, grab lunch at Souk Tabule or Impact Kitchen, and wander the Distillery District. With quick access to the Bayview Extension and DVP, commuting is easy.Full-service building with gym, co-working space, party room, 24-hr concierge, pet wash, bike storage, and BBQ area.City living. Done right. (id:66096)

Property Details

MLS®: C13752324
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $615/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,797.66/yr
Listed: 59 days ago

Rooms

Flat

Kitchen: 4.87 x 3.96 meters
Dining room: 4.87 x 3.96 meters
Living room: 4.87 x 3.96 meters
Primary Bedroom: 3.05 x 2.74 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, Hood Fan
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

59d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$906

List price

$498K

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 (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by BOSLEY REAL ESTATE LTD. · DAVELLE MORRISON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $498,000, about 7.0× the local median household income of $71,000.

Carrying it typically needs a household income of about $97,277 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$498,000· $906/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,900

Min 5%50%

Mortgage payment$2,623/mo

↳ CMHC premium ($18,924 capitalized)

Property tax (est.)$233/mo

Condo fee$615/mo

Total monthly$3,471

Cash Needed to Close

Down payment (5%)$24,900

Land transfer tax$12,870

Est. closing costs$3,994

Total cash needed$41,764

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