$480,000

For saleJust listed

#601 25 Maitland Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#601 25 Maitland Street, Toronto (Church-Yonge Corridor), Ontario, M4Y2W1

2 beds1 bath0 parking850 ft²$1,018/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $480,000, it is attractively priced about 19% below the $595,000 median asking price in Toronto. It has been on the market 2 days, fresher than the Toronto average of 63 days.

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Description

Welcome To The Cosmopolitan! This bright and exceptionally well-laid-out 2-bedroom, 1-bath suite offers approximately 860 sq ft of comfortable living space in one of downtown Toronto's most convenient locations. Flooded with natural light, the home features clearly defined living and dining areas, a refreshed kitchen with updated cabinetry, countertops, backsplash, stainless steel appliances and a rare kitchen window, plus an updated bathroom. Extra-large windows offer open views combining the Toronto skyline with surrounding greenery. A true residence in a well-managed, community-based building with excellent staff, strong owner occupancy and fantastic amenities including a rooftop pool. Just steps to the subway and close to the Financial District, U of T, TMU, Eaton Centre, restaurants, shopping and more. (id:66096)

Property Details

MLS®: C14139910
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,018/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,723.96/yr
Listed: 2 days ago

Rooms

Flat

Living room: 5.3 x 3.86 meters
Dining room: 5.3 x 3.68 meters
Kitchen: 2.74 x 2.76 meters
Bedroom: 2.33 x 3.93 meters
Primary Bedroom: 3 x 4.87 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, Range, Oven, Dryer, Freezer, Hood Fan, Window Coverings
Flooring: Tile, Laminate
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$565

List price

$480K

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 (Church-Yonge Corridor) has been listed for 2 days, which is 61 days fresher than the city average of 63. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · KEVIN SHAPIRO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $480,000, about 7.7× the local median household income of $62,400.

Carrying it typically needs a household income of about $93,761 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$480,000· $565/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,000

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,240 capitalized)

Property tax (est.)$227/mo

Condo fee$1,018/mo

Total monthly$3,773

Cash Needed to Close

Down payment (5%)$24,000

Land transfer tax$12,150

Est. closing costs$3,940

Total cash needed$40,090

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