$479,000

For saleJust listed

#607 55 Ontario Street, Toronto (Moss Park) - Single Family for Sale

#607 55 Ontario Street, Toronto (Moss Park), Ontario, M5A0T8

1 bed1 bath1 parking550 ft²$611/mo condo feeListed 5 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $479,000, it is attractively priced about 17% below the $574,900 median asking price in Toronto. It has been on the market 5 days, fresher than the Toronto average of 61 days.

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Description

Experience the best of downtown living in this thoughtfully designed 540 sq.ft. 1 bedroom condo, where style meets everyday convenience. The bright, open-concept layout extends seamlessly to a spacious 112 sq.ft. balcony complete with a gas BBQ hookup - perfect for morning coffee, evening cocktails, or effortless entertaining. The modern kitchen features a gas stove, while the spacious bathroom offers both comfort and style. Energy-efficient smart lighting in the principal rooms can be controlled from your mobile device, allowing you to adjust brightness and set timers with ease. Complete with 1 underground parking space and 1 storage locker, this home also offers outstanding building amenities. An example of some amenities residents enjoy include: a 24-hour gym, outdoor pool, and party room overlooking the pool. Ideally located just steps from St. Lawrence Market, TTC streetcars, restaurants, shopping, and with easy access to major highways, this is an exceptional opportunity for first-time buyers, investors, or professionals seeking the best of Toronto's vibrant downtown lifestyle. (id:66096)

Property Details

MLS®: C14131380
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $611/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,892.76/yr
Listed: 5 days ago

Rooms

Flat

Kitchen: 3.07 x 2.16 meters
Dining room: 4.74 x 3 meters
Living room: 4.74 x 3 meters
Bedroom: 3.85 x 2.69 meters
Other: 1.82 x 5.22 meters

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

Features

Appliances: Washer, Refrigerator, Gas stove(s), Dishwasher, Range, Dryer, Microwave, Window Coverings
Flooring: Concrete, Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Moss Park) listings, avg age

61d

Price / ft²

$872

List price

$479K

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 (Moss Park) has been listed for 5 days, which is 56 days fresher than the city average of 61. Act while there is still low competition.

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Listed by BRAD J. LAMB REALTY 2016 INC. · DUANE LESLIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $479,000, about 6.7× the local median household income of $71,000.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — roughly 32% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$479,000· $872/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$241/mo

Condo fee$611/mo

Total monthly$3,375

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$12,110

Est. closing costs$3,937

Total cash needed$39,997

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