$549,000

For sale

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#616 478 King Street West, Toronto (Waterfront Communities) - Single Family for Sale

#616 478 King Street West, Toronto (Waterfront Communities), Ontario, M5V0A8

1 bed1 bath0 parking condo fee

#3812 115 Blue Jays Way, Toronto (Waterfront Communities), Ontario, M5V0N4

1 bd1 ba550 ft²+$415/mo

Listed by CENTURY 21 LEADING EDGE REALTY INC.

#613 25 Oxley Street, Toronto (Waterfront Communities), Ontario, M5V2J5

For saleJust listed

Today

$500K

#613 25 Oxley Street, Toronto (Waterfront Communities), Ontario, M5V2J5

1 bd1 ba550 ft²+$383/mo

Listed by RE/MAX ESCARPMENT REALTY INC.

#3106 19 Grand Trunk Crescent, Toronto (Waterfront Communities), Ontario, M5J3A3

For saleJust listed

Today

$830K

#3106 19 Grand Trunk Crescent, Toronto (Waterfront Communities), Ontario, M5J3A3

2 bd2 ba1 pk850 ft²+$779/mo

Listed by PROPERTY.CA INC.

#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

For saleJust listed

Today

$1.07M

#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

3 bd2 ba1 pk1,100 ft²+$909/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$549,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $549,000, it is attractively priced about 13% below the $629,900 median asking price in Toronto.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome to Victory Lofts - a stunning soft loft with just 12 storeys! This open concept, bright and modern loft is located in the heart of King West next to amazing restaurants, entertainment and lots of transit options. One of the best features of this unit is the huge balcony, spanning the entire length of the loft and overlooking a quiet courtyard - a perfect spot for relaxing or entertaining. This loft also has tons of storage with a large double closet in the primary bedroom, spacious front entry closet along with two owned storage lockers. **EXTRAS** The boutique building offers great amenities like a well equipped gym, concierge, party room and guest suites. Other room noted in listing is the balcony. (id:66096)

Property Details

MLS®: C13530188
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $424/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,337.67/yr
Listed: 122 days ago

Rooms

Main level

Living room: 4.01 x 3.68 meters
Dining room: 4.01 x 3.68 meters
Kitchen: 4.01 x 3.68 meters
Primary Bedroom: 2.9 x 3.23 meters
Other: 7.67 x 2.08 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, Dishwasher, Stove, Dryer, Microwave
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

122d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$549K

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) 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 ON THE BLOCK · KATIE STEINFELD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $549,000, about 6.0× the local median household income of $91,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$549,000

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$195/mo

Condo fee$424/mo

Total monthly$3,497

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$14,910

Est. closing costs$4,147

Total cash needed$48,957

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice