$650,000

For sale

#552 111 Elizabeth Street, Toronto (Bay Street Corridor) - Single Family for Sale

#552 111 Elizabeth Street, Toronto (Bay Street Corridor), Ontario, M5G1P7

2 beds1 bath1 parking650 ft²$666/mo condo feeListed 46 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $650,000, it is attractively priced about 5% below the $685,000 median asking price in Toronto. It has been on the market 46 days, fresher than the Toronto average of 59 days.

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Description

Location, Lifestyle & Exceptional Convenience! Welcome To One City Hall-Mere Steps From Toronto City Hall, The Eaton Centre And The Financial District.This Bright & Functional 1 Bedroom + Den Offers Approx. 637 Sq. Ft. Of Interior Living Space, Exclusive Of Two Balconies(Approx. 14' x 2' And 5'6" x 5'). Unit Not Blocked By Other Building. The Open-Concept Living/Dining Area Features Floor-To-Ceiling Windows, A Functional, Well-Lit Separate Den With Space For A Full Home Office, And A Modern Kitchen With An Expandable Mobile Island/Dining Table. Customizable, Dimmable Studio Track Lighting Provides Directional And Spatial Lighting Throughout The Living Space. Freshly Painted And Finished With New Luxury Waterproof Vinyl Flooring, With Major Appliances And Components Upgraded In Recent Years.A Rare Downtown Bonus: One Owned Parking Space + TWO Lockers(One Standard-Size And One Exceptionally Tall, Oversized Locker)-Both Conveniently Located Near The Elevator.24-Hour Concierge And Package Receiving Provide Security And Convenience. Recently Renovated Lobby And Hallways Complement Amenities Including A Large Indoor Pool, Whirlpool, Dry And Wet Saunas, Fitness Facilities, Large Two-Storey Party Room, Affordable Guest Suites For Visiting Family And Friends, And A Rooftop Terrace With BBQ And Downtown/CN Tower Views.T&T Supermarket, IKEA, Canadian Tire, Shoppers Drug Mart, Eaton Centre Shopping, Many Restaurants, Two TTC/Subway Stations And PATH Access Are All Within A 5-10 Minutes Walk. (id:66096)

Property Details

MLS®: C13807620
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $666/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,199.69/yr
Listed: 46 days ago

Rooms

Flat

Living room: 4.98 x 3.73 meters
Dining room: 4.98 x 3.73 meters
Bedroom: 3.35 x 2.65 meters
Den: 2.74 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, Blinds
Flooring: Vinyl
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Bay Street Corridor) listings, avg age

59d

Price / ft²

$1,001

List price

$650K

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 (Bay Street Corridor) has been listed for 46 days, which is 13 days fresher than the city average of 59. Act while there is still low competition.

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Listed by ROYAL LEPAGE CERTIFIED REALTY · SONG HE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $650,000, about 9.6× the local median household income of $67,500.

Carrying it typically needs a household income of about $126,968 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.

Median household income: $67,500
Population: 9,751
Median age: 30.8
Owner / renter: 30% / 70%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5G)

$650,000· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $40,000

Min 6.15%50%

Mortgage payment$3,382/mo

↳ CMHC premium ($24,400 capitalized)

Property tax (est.)$267/mo

Condo fee$666/mo

Total monthly$4,314

Cash Needed to Close

Down payment (6.15%)$40,000

Land transfer tax$18,950

Est. closing costs$4,450

Total cash needed$63,400

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