$465,000

For sale

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#642 7 Golden Lion Heights, Toronto (Newtonbrook East) - Single Family for Sale

#642 7 Golden Lion Heights, Toronto (Newtonbrook East), Ontario, M2M0C1

1 bed1 bath1 parking ft²

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For saleJust listed

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#1805 1 Pemberton Avenue, Toronto (Newtonbrook East), Ontario, M2M4L9

For saleJust listed

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Investment analysis

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$465,000

Toronto

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Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $465,000, it is attractively priced about 17% below the $560,000 median asking price in Toronto. It has been on the market 17 days, fresher than the Toronto average of 67 days.

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

Description

Bright South-Facing 1 Bedroom Suite At M2M Condos In The Heart Of North York! Enjoy An Unobstructed South Exposure With Excellent Natural Light. Located Steps From Finch Subway Station, YRT/Viva Transit, Shops, Restaurants, Parks And Everyday Conveniences. Exciting New H Mart Now Open At The Base Of The Community, Adding Even More Convenience Right At Your Doorstep. Exceptional Walkability, Transit Access And A Rapidly Growing Neighbourhood Make This An Ideal Home For End-Users Or Investors. Experience Modern Urban Living In One Of North York's Most Connected Communities. (id:66096)

Market Timing

Days on market

17d

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$846

List price

$465K

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.

Area context

Neighbourhood profile (M2M)

This home lists at $465,000, about 5.7× the local median household income of $81,000.

Carrying it typically needs a household income of about $90,831 (20% down, 25-yr amortization, stress-tested) — roughly 12% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$465,000· $846/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,250

Min 5%50%

Mortgage payment$2,449/mo

↳ CMHC premium ($17,670 capitalized)

Property tax (est.)$258/mo

Condo fee$421/mo

Total monthly$3,128

Cash Needed to Close

Down payment (5%)$23,250

Land transfer tax$11,550

Est. closing costs$3,895

Total cash needed$38,695

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

#642 7 Golden Lion Heights, Toronto (Newtonbrook East) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M2M)

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Full Cost Breakdown