Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $389,999, it is attractively priced about 26% below the $529,000 median asking price in Toronto.

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Description

Welcome to this beautifully upgraded one-bedroom condo in a highly sought-after Scarborough location. This Building offers an excellent combination of modern living, convenience, and amenities. The suite features a bright, open-concept layout with 9-foot ceilings and expansive floor-to-ceiling windows, providing plenty of natural light and unobstructed north-facing views. The spacious living and dining areas offer excellent flexibility, with enough room to create a dedicated home office if desired. The renovated kitchen has been thoughtfully updated with quartz countertops, a stylish ceramic backsplash, stainless steel sink and appliances, upgraded cabinetry, and plenty of storage. The generous dining area is ideal for everyday meals or entertaining guests. A modern bathroom and convenient ensuite laundry complete the interior.The location is exceptionally convenient, with TTC access right outside the building and easy connections to Highway 401, GO stations, Kennedy and Warden subway stations, and Eglinton Crosstown LRT. Additional features include one underground parking space. Residents enjoy an impressive selection of building amenities, including an indoor pool, hot tub, fitness centre, BBQ terrace, party room, guest suite, playground, ample visitor parking, and 24-hour concierge and security.You also get your own locker for your storage in a secured room. *Some pictures may be virtually staged* (id:66096)

Property Details

MLS®: E13748844
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $510/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $1,675/yr
Listed: 60 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Blinds, Garage door opener remote(s)
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

60d

Toronto (Wexford-Maryvale) listings, avg age

46d

Price / ft²

$710

List price

$390K

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 (M1R)

This home lists at $389,999, about 4.8× the local median household income of $81,000.

Carrying it typically needs a household income of about $76,180 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $81,000
Population: 30,467
Median age: 41.2
Owner / renter: 56% / 44%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1R)

$389,999· $710/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,499.95

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,820 capitalized)

Property tax (est.)$140/mo

Condo fee$510/mo

Total monthly$2,704

Cash Needed to Close

Down payment (5%)$19,500

Land transfer tax$8,650

Est. closing costs$3,670

Total cash needed$31,820

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

Investment analysis

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#607 1328 Birchmount Road, Toronto (Wexford-Maryvale) - Single Family for Sale