$630,000

For sale

#61 341 Military Trail, Toronto (Morningside) - Single Family for Sale

#61 341 Military Trail, Toronto (Morningside), Ontario, M1E4E4

3 beds2 baths2 parking1,100 ft²$563/mo condo feeListed 56 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. Its $630,000 asking price sits right in line with the $620,000 median in Toronto.

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Description

Welcome to this family friendly, quiet neighbourhood townhome. This well maintained home offers a bright and functional layout with 3 spacious bedrooms plus a finished basement. The main level features an open concept living and dining area, perfect for everyday living and entertaining. Ideal as a starter home. The visitor parking conveniently located just steps away. Situated close to shopping, parks, public transit, the University of Toronto Scarborough campus, and Centennial College. Walking distance to schools including Military Trail Public School and St. John Paul II Catholic Secondary School. An excellent opportunity in a highly desirable and convenient location. (id:66096)

Property Details

MLS®: E13773176
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,100 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: Attached Garage, Garage
Condo Fee: $563/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,271.24/yr

Rooms

Main level

Living room: 4.98 x 3.25 meters
Dining room: 2.82 x 2.77 meters
Kitchen: 3.98 x 3.09 meters

Second level

Bedroom: 5.02 x 3.14 meters
Bedroom 2: 4.27 x 2.64 meters
Bedroom 3: 3.68 x 3.3 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, Stove, Dryer, Window Coverings, Garage door opener, Garage door opener remote(s)
Flooring: Hardwood
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Toronto (Morningside) listings, avg age

49d

Price / ft²

$573

List price

$630K

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 3-bed single family in Toronto (Morningside) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE SILVERCITY REALTY INC. · MUNIR AHMAD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1E)

This home lists at $630,000, about 7.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $123,061 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$630,000· $573/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $38,000

Min 6.03%50%

Mortgage payment$3,282/mo

↳ CMHC premium ($23,680 capitalized)

Property tax (est.)$189/mo

Condo fee$563/mo

Total monthly$4,034

Cash Needed to Close

Down payment (6.03%)$38,000

Land transfer tax$18,150

Est. closing costs$4,390

Total cash needed$60,540

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