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$625,000

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#605 2261 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

#605 2261 Lake Shore Boulevard West, Toronto (Mimico), Ontario, M8V3X1

2 beds1 bath1 parking750 ft²$829/mo condo feeListed 5 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Its $625,000 asking price sits right in line with the $649,900 median in Toronto. It has been on the market 5 days, fresher than the Toronto average of 56 days.

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Description

Experience The Best Of Marina Del Rey's Resort-Style Waterfront Living! This Beautifully Appointed 1+Den Corner Suite Offers An Exceptional Open-Concept Layout, Combining Comfort, Functionality, And Outstanding Value. Featuring A Modern Kitchen With Breakfast Bar Overlooking A Generous Living And Dining Area, Perfect For Everyday Living And Entertaining. The Versatile Den Offers Endless Possibilities As A Second Bedroom, Home Office, Or Formal Dining Space. Bright, Quiet, And Move-In Ready, This Inviting Residence Is The Perfect Place To Call Home! Enjoy Exclusive Access To The Renowned Malibu Club, Offering An Impressive Array Of Recreational Amenities. Maintenance Fees Include All Utilities Including High Speed Internet, Plus Rogers Ignite TV! Ideally Situated Just Steps From The Waterfront, Scenic Trails, TTC, Shopping, And Everyday Conveniences, With Downtown Toronto Only Minutes Away. An Exceptional Opportunity To Enjoy The Marina Del Rey Lifestyle! (id:66096)

Property Details

MLS®: W14132668
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $829/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,258.42/yr
Listed: 5 days ago

Rooms

Flat

Living room: 7.5 x 3.55 meters
Dining room: 7.5 x 3.35 meters
Kitchen: 3 x 2.52 meters
Primary Bedroom: 5.5 x 3.25 meters
Den: 3.29 x 2.51 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Refrigerator, Sauna, Dishwasher, Stove, Window Coverings
Flooring: Laminate
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mimico) listings, avg age

56d

Price / ft²

$834

List price

$625K

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 (Mimico) has been listed for 5 days, which is 51 days fresher than the city average of 56. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · PETER RICHTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $625,000, about 7.9× the local median household income of $79,000.

Carrying it typically needs a household income of about $122,084 (20% down, 25-yr amortization, stress-tested) — roughly 55% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$625,000· $834/ft²

For sale

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Full Cost Breakdown

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Down Payment6% · $37,500

Min 6%50%

Mortgage payment$3,257/mo

↳ CMHC premium ($23,500 capitalized)

Property tax (est.)$188/mo

Condo fee$829/mo

Total monthly$4,274

Cash Needed to Close

Down payment (6%)$37,500

Land transfer tax$17,950

Est. closing costs$4,375

Total cash needed$59,825

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Open houses

#605 2261 Lake Shore Boulevard West, Toronto (Mimico) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M8V)

Book a showing

Full Cost Breakdown