$299,000

For sale

##607 5 Massey Square, Toronto (Crescent Town) - Single Family for Sale

##607 5 Massey Square, Toronto (Crescent Town), Ontario, M4C5L6

1 bed1 bath1 parking750 ft²$613/mo condo feeListed 48 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $299,000, it is attractively priced about 25% below the $399,000 median asking price in Toronto. It has been on the market 48 days, fresher than the Toronto average of 55 days.

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Description

MUST SELL! Excellent opportunity to own this beautifully upgraded 1-bedroom apartment in a convenient and well-connected location!Featuring a bright and spacious open-concept layout, an upgraded kitchen with a stylish centre island, and a beautifully upgraded washroom. Step outside onto your private balcony and enjoy scenic views.Ideally located within walking distance to Victoria Park Subway Station and close to shopping, restaurants, schools, parks, public transit, and everyday amenities.Residents also enjoy access to fantastic building amenities, including a gym, squash courts, and more.Perfect for first-time buyers, investors, or anyone looking for convenient city living. A great opportunity not to be missed! (id:66096)

Property Details

MLS®: E13797894
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Radiant heat, Electric
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $613/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $912.45/yr
Listed: 48 days ago

Rooms

Ground level

Living room: 6.97 x 5.61 meters
Dining room: 6.97 x 5.61 meters
Kitchen: 3.44 x 2.19 meters
Primary Bedroom: 5.25 x 3.19 meters

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

Features

Flooring: Parquet
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Toronto (Crescent Town) listings, avg age

55d

Price / ft²

$399

List price

$299K

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 1-bed single family in Toronto (Crescent Town) has been listed for 48 days, which is 7 days fresher than the city average of 55. Act while there is still low competition.

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Listed by RE/MAX METROPOLIS REALTY · MANOJ REDDY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4C)

This home lists at $299,000, about 3.6× the local median household income of $83,000.

Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$299,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$76/mo

Condo fee$613/mo

Total monthly$2,264

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$5,920

Est. closing costs$3,397

Total cash needed$24,267

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