$1,450,000

For sale

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#5306 138 Downes Street, Toronto (Waterfront Communities) - Single Family for Sale

#5306 138 Downes Street, Toronto (Waterfront Communities), Ontario, M5E0E4

3 beds3 baths1 parking ft²

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Investment analysis

Rental cashflow calculator

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$1,450,000

Toronto

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Description

Sugar Wharf Luxury Condo by Menkes! Beautiful Corner Unit With Excellent South/East Water View, Marina Model 1,011 Sq. Ft. + 393 Sq. Ft Balcony (1,401 Sq. Ft.) Bright & Spacious Open Concept 3 Bedrooms Plus 3 Bathrooms. 1 Parking & 1 Locker , Internet included in the Maint. Fee. Step Away from Sugar Beach, Shops, Restaurant, Farm Boy, Loblaws, LCBO , Walking Distance to George Brown College, St. Lawrence Market, Union Station, CN Tower, Close To Gardiner /QEW. Direct Access To Future Park & Schools. Live in the Largest Toronto Water Front Community. (id:66096)

Property Details

MLS®: C13694280
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,220/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $7,450/yr
Listed: 77 days ago

Market Timing

Days on market

77d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,319

List price

$1.45M

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 (M5E)

This home lists at $1,450,000, about 14.8× the local median household income of $98,000.

Carrying it typically needs a household income of about $283,236 (20% down, 25-yr amortization, stress-tested) — roughly 189% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$1,450,000· $1,319/ft²

For sale

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Full Cost Breakdown

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Down Payment8.28% · $120,000

Min 8.28%50%

Mortgage payment$7,374/mo

↳ CMHC premium ($53,200 capitalized)

Property tax (est.)$621/mo

Condo fee$1,220/mo

Total monthly$9,215

Cash Needed to Close

Down payment (8.28%)$120,000

Land transfer tax$50,950

Est. closing costs$6,850

Total cash needed$177,800

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

#5306 138 Downes Street, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5E)

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