$510,000

For sale

#605 716 The West Mall Road, Toronto (Eringate-Centennial-West Deane) - Single Family for Sale

#605 716 The West Mall Road, Toronto (Eringate-Centennial-West Deane), Ontario, M9C4X6

2 beds1 bath1 parking950 ft²$1,055/mo condo feeListed 13 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $510,000, it is attractively priced about 15% below the $599,000 median asking price in Toronto. It has been on the market 13 days, fresher than the Toronto average of 37 days.

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Description

Turn key 1+Den Etobicoke condo, perfect for first time buyers & investors. The versatile den can easily be used as a functional second bedroom or a spacious office. This unit features a bright, open concept layout with large principal rooms perfect for entertaining. The generous size master bedroom features durable laminate flooring, while the kitchen boasts elegant quartz countertops, a glass tile backsplash, ceramic floor, and stainless steel appliances. Situated in a fantastic location, you are just minutes away from highway 427, the airport, local parks, schools, shopping and public transit. This move in ready home is perfect for first time buyers, professionals or investors! (id:66096)

Property Details

MLS®: W14110032
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,055/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,388.83/yr
Listed: 13 days ago

Rooms

Main level

Foyer: 1.69 x 1.8 meters
Living room: 3.46 x 5.77 meters
Dining room: 2.52 x 3.61 meters
Kitchen: 4.16 x 3.39 meters
Primary Bedroom: 3.58 x 2.34 meters
Den: 2.43 x 3.58 meters
Bathroom: 2.39 x 1.38 meters
Laundry room: 3.07 x 1.96 meters

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

Features

Appliances: All, Window Coverings, Garage door opener remote(s)
Flooring: Laminate, Ceramic
Exterior: Brick
Lot Features: Cul-de-sac, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Toronto (Eringate-Centennial-West Deane) listings, avg age

37d

Price / ft²

$537

List price

$510K

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 (Eringate-Centennial-West Deane) has been listed for 13 days, which is 24 days fresher than the city average of 37. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · FRANK LOMBARDI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9C)

This home lists at $510,000, about 5.4× the local median household income of $95,000.

Carrying it typically needs a household income of about $99,621 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $95,000
Population: 38,725
Median age: 45.6
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M9C)

$510,000· $537/ft²

For sale

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Full Cost Breakdown

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Down Payment5.10% · $26,000

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,360 capitalized)

Property tax (est.)$116/mo

Condo fee$1,055/mo

Total monthly$3,854

Cash Needed to Close

Down payment (5.10%)$26,000

Land transfer tax$13,350

Est. closing costs$4,030

Total cash needed$43,380

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