$816,640

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#5505 8 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

#5505 8 The Esplanade, Toronto (Waterfront Communities), Ontario, M5E0A6

2 beds2 baths1 parking950 ft²$1,025/mo condo feeListed 70 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space.

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Description

Unit 5505 At The L Tower Is A Fantastic North East Corner Unit That Offers Fantastic 1 Bedroom Plus Den And 2 Bath Setup With Breathtaking City And Water Views! Floor To Ceiling Window Throughout, Filling The Entire Unit With Light. Steps To St Lawrence Market, Union Station, Financial Centre, Entertainment, The Distillery, The Harbour Front, Scotiabank Arena, Roger Centre And The Airports. Living In The 6Ix Cannot Get Any More Convenient Than This Location. Building Amenities: Gym, Indoor Pool, Sauna, Theatre Room, Party/Meeting Room, Guest Suites Etc.*** Photos Are From Previous Listing And Does Not Reflect The Exact State/Furniture of Current Tenant; However, The Finishes and Layout Remain the Same*** (id:66096)

Property Details

MLS®: C13716558
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,025/mo
Fee Includes: Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,164/yr
Listed: 70 days ago

Features

Appliances: Refrigerator, Dishwasher, Oven, Microwave, Cooktop, Blinds
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

70d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$860

List price

$817K

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) 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 SOTHEBY'S INTERNATIONAL REALTY CANADA · CLIFF LIU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $816,640, about 8.3× the local median household income of $98,000.

Carrying it typically needs a household income of about $159,518 (20% down, 25-yr amortization, stress-tested) — roughly 63% 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)

$816,640· $860/ft²

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Full Cost Breakdown

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Down Payment6.94% · $56,664

Min 6.94%50%

Mortgage payment$4,213/mo

↳ CMHC premium ($30,399 capitalized)

Property tax (est.)$430/mo

Condo fee$1,025/mo

Total monthly$5,669

Cash Needed to Close

Down payment (6.94%)$56,664

Land transfer tax$25,616

Est. closing costs$4,950

Total cash needed$87,230

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#5505 8 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5E)

Book a showing

Full Cost Breakdown