$569,000

For sale

#608 560 Front Street West, Toronto (Waterfront Communities) - Single Family for Sale

#608 560 Front Street West, Toronto (Waterfront Communities), Ontario, M5V1C1

1 bed1 bath1 parking550 ft²$568/mo condo feeListed 10 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $569,000, it is attractively priced about 10% below the $629,900 median asking price in Toronto. It has been on the market 10 days, fresher than the Toronto average of 57 days.

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Description

Elevated urban living meets a turnkey investment opportunity. This spacious, newly updated furnished 1 bedroom suite is fully move-in ready, in a building that welcomes short-term rentals. Functional layout, nine-foot ceilings and brand-new, durable, beautiful flooring set an airy, refined tone, while thoughtfully curated furnishings complete the space, with a private outdoor balcony. Residents enjoy resort-calibre amenities, including 24-hour concierge service and a spectacular BBQ rooftop terrace with sweeping city views. Entertain in the party room, unwind in the sauna, stay active in the fitness centre, or enjoy the billiards room. Guest suites and visitor parking make hosting effortless. The location is the crown jewel - stroll to the waterfront, nightlife, and acclaimed restaurants. Walk everywhere. Convenience is simply unmatched. 1 parking and 1 locker included. Whether you're an investor or seeking a sophisticated city pied-à-terre, this is downtown living at its finest. (id:66096)

Property Details

MLS®: C14120906
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: $568/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $2,731.63/yr
Listed: 10 days ago

Features

Exterior: Steel, Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,035

List price

$569K

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 (Waterfront Communities) has been listed for 10 days, which is 47 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · Chialing Ku

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $569,000, about 6.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $111,146 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$569,000· $1,035/ft²

For sale

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Full Cost Breakdown

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Down Payment5.61% · $31,900.00

Min 5.61%50%

Mortgage payment$2,978/mo

↳ CMHC premium ($21,484 capitalized)

Property tax (est.)$228/mo

Condo fee$568/mo

Total monthly$3,773

Cash Needed to Close

Down payment (5.61%)$31,900

Land transfer tax$15,710

Est. closing costs$4,207

Total cash needed$51,817

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