$569,000

For sale

#538 1 Concord Cityplace Way, Toronto (Waterfront Communities) - Single Family for Sale

#538 1 Concord Cityplace Way, Toronto (Waterfront Communities), Ontario, M5V0X3

2 beds1 bath0 parking650 ft²$463/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $569,000, it is attractively priced about 10% below the $629,900 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Concord Canada House, a landmark luxury residence in Toronto s prestigious waterfront community. Ideally located in the heart ofdowntown, just steps from the CN Tower, Rogers Centre, Scotiabank Arena, Union Station, the Financial District, waterfront, restaurants,shopping, and entertainment. This 1+Den suite offers approximately 602 sq. ft. of thoughtfully designed interior living space plus an oversized 143 sq.ft. heated balcony with durable composite flooring, perfect for year-round enjoyment. The versatile den can function as a home office, making this an ideal opportunity for both end-users and investors. Featuring floor-to-ceiling windows, the bright open concept layout is filled with natural light and showcases beautiful city and lake views. The modern kitchen is equipped with premium built-in Miele appliances, quartz countertops, and stylish cabinetry. Spacious bedroom with large windows and an elegant bathroom with contemporary finishes. In-suite laundry included. Residents enjoy access to world-class amenities, including Canada s highest residential amenity spaces: theSky Gym on the 71st floor and the Sky Lounge on the 82nd floor. Additional luxury amenities include an indoor swimming pool, ice skating rink,touchless car wash, and more (some amenities to be available at a later date).Move in right away and experience elevated urban water front living at its finest. Property taxes have not yet been assessed. (id:66096)

Property Details

MLS®: C14086848
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $463/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Listed: 21 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$876

List price

$569K

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 (Waterfront Communities) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HOMELIFE NEW WORLD REALTY INC. · JAY CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $569,000, about 6.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$569,000· $876/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,900.00

Min 5.61%50%

Mortgage payment$2,978/mo

↳ CMHC premium ($21,484 capitalized)

Est. property tax$0/mo

Condo fee$463/mo

Total monthly$3,441

Cash Needed to Close

Down payment (5.61%)$31,900

Land transfer tax$15,710

Est. closing costs$4,207

Total cash needed$51,817

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