$499,000

For sale

#607 50 McCaul Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#607 50 McCaul Street, Toronto (Kensington-Chinatown), Ontario, M5T1V9

2 beds2 baths0 parking650 ft²$591/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $499,000, it is attractively priced about 26% below the $675,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 81 days.

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Description

Welcome to Tridel's Luxury Boutique Living @ Form Condo! LEED GOLD CERTIFIED! 14 Storey Mid-Rise, Low Density Building Offers: 2 Beds + 2 Baths Unit, over 600 square feet w/Floor-to-Ceiling Windows. Modern Floors, Smooth Ceilings. Bright & Spacious with a Modern Kitchen Equipped with Built-in Appliances: Fridge, Stove, Dishwasher, Microwave, Quartz Countertops & Backsplash. Centrally Located: Next to Grange Park (Playground & Swimming), Village by The Grange (Indoor Shopping Mall). Amenities Include: 24-Hour Concierge, Visitors' Parking, State of the Art Fitness Centre & Yoga Studio, Party Room & Lounge, Private Dining Space, Rooftop Terrace w BBQ's & Outdoor Lounge. Steps to Subway (St. Pat's & Osgoode), OCAD, U of T, AGO. Chinatown, Queen West Shopping/Restaurants. Close to: Financial District & The Eaton Centre! (id:66096)

Property Details

MLS®: C14091930
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $591/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,039/yr
Listed: 17 days ago

Rooms

Main level

Living room
Dining room
Kitchen
Primary Bedroom
Bedroom 2

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Flooring: Linoleum
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$768

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.

Haho

This 2-bed single family in Toronto (Kensington-Chinatown) has been listed for 17 days, which is 64 days fresher than the city average of 81. Act while there is still low competition.

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Listed by CENTURY 21 PARKLAND LTD. · ANNETTE NUNNO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $499,000, about 8.1× the local median household income of $61,600.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.

Median household income: $61,600
Population: 17,903
Median age: 36
Owner / renter: 32% / 68%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M5T)

$499,000· $768/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.)$253/mo

Condo fee$591/mo

Total monthly$3,472

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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