$399,888

For sale

#602 101 PETER Street, Toronto (Waterfront Communities) - Single Family for Sale

#602 101 PETER Street, Toronto (Waterfront Communities), Ontario, M5V0G6

0 beds1 bath0 parking250 ft²$331/mo condo feeListed 26 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $399,888, it is attractively priced about 37% below the $629,900 median asking price in Toronto. It has been on the market 26 days, fresher than the Toronto average of 57 days.

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Description

A Luxurious Condo In The Heart Of Toronto's Entertainment District. Modern Studio Condo With 9' Ceilings With Floor To Ceiling Windows, Granite Countertops And BRAND NEW Flooring Throughout and Freshly Painted. King West Neighborhood With 100 Walk Score, Steps To Restaurants. Theatres, And Financial District. Freshly Painted.24 Hrs Concierge, Fully Equipped Exercise Room, Party Room, Yoga Area, Theatre W/Servery,Lounge & Kitchen & Dining Rm, Billiard, Guest Suite, StarBucks.Steps Away From the Financial District, CN Tower, Rogers Centre, Public Transit, Shopping, Theaters, Restaurants, and Supermarkets & Starbucks. 24 hr Concierge, fully equipped Gym, Party Room, Yoga Area, Theatre/ Servery, Lounge, Kitchen, Dining Room, Billiards, Guest Suite, and easy access to all essential facilities. The open & airy Atmosphere perfectly suited for students or young professionals seeking a high-end lifestyle. Don't miss this opportunity to live in one of the Toronto's most vibrant neighbourhoods.Airbnb allowed( great source of income). (id:66096)

Property Details

MLS®: C13880816
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $331/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,934.54/yr
Listed: 26 days ago

Rooms

Main level

Kitchen: 4.11 x 3.67 meters
Living room: 4.11 x 3.67 meters
Dining room: 4.11 x 3.67 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, Oven, Dryer, Microwave
Flooring: Vinyl
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,603

List price

$400K

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 single family in Toronto (Waterfront Communities) has been listed for 26 days, which is 31 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · VALAREZA GHAFFARIAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $399,888, about 4.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $78,112 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$399,888· $1,603/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,994.40

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$161/mo

Condo fee$331/mo

Total monthly$2,599

Cash Needed to Close

Down payment (5%)$19,994

Land transfer tax$8,947

Est. closing costs$3,700

Total cash needed$32,641

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