$499,000

For sale

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#603 100 Echo Point, Toronto (L'Amoreaux) - Single Family for Sale

#603 100 Echo Point, Toronto (L'Amoreaux), Ontario, M1W2V2

3 beds2 baths1 parking ft²

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Investment analysis

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$499,000

Toronto

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Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $499,000, it is attractively priced about 14% below the $579,000 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 47 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Bright & Spacious 3-Bedroom Condo in Prime Scarborough Location! Welcome to this sun-filled and generous 3-bedroom, 2-bathroom condo unit situated in a high-demand Scarborough neighborhood. Featuring low-maintenance laminate flooring throughout, this home offers a functional layout designed for easy living. The primary bedroom boasts a private walk-in closet and a dedicated 2-piece ensuite bath. Unbeatable location-steps to TTC transit and major shopping malls, with quick access to parks, schools, Scarborough Health Network hospital, banks, and medical centers. Commuters will love the seamless access to Highways 401 and 404. Fantastic value for families and investors alike! (id:66096)

Property Details

MLS®: E13825900
Property Type: Single Family
Zoning: M
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Natural gas, Other
Cooling: None
Garage: Garage, Underground
Condo Fee: $785/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $1,644/yr
Listed: 42 days ago

Market Timing

Days on market

42d

Toronto (L'Amoreaux) listings, avg age

47d

Price / ft²

$384

List price

$499K

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.

Area context

Neighbourhood profile (M1W)

This home lists at $499,000, about 6.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $82,000
Population: 47,070
Median age: 48
Owner / renter: 74% / 26%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1W)

$499,000· $384/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$137/mo

Condo fee$785/mo

Total monthly$3,550

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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

#603 100 Echo Point, Toronto (L'Amoreaux) - Single Family for Sale

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