$738,000

For sale

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#6802 138 Downes Street, Toronto (Waterfront Communities) - Single Family for Sale

#6802 138 Downes Street, Toronto (Waterfront Communities), Ontario, M5E0E4

2 beds2 baths0 parking ft²

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2 bd2 ba650 ft²+$401/mo

Listed by RE/MAX EXCEL REALTY LTD.

Investment analysis

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$738,000

Toronto

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$630/mo condo fee

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 32 days, fresher than the Toronto average of 57 days.

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

Description

Welcome to Sugar Wharf by Menkes! Beautiful 1 Bedroom + Den with 2 Full Bathrooms, featuring 799 sq. ft. of interior living space plus a 110 sq. ft. balcony with unobstructed views. Bright open-concept layout, freshly painted and professionally cleaned, ready to move in. Excellent waterfront location steps to Sugar Beach, Farm Boy, Loblaws, LCBO, transit, restaurants and shopping. Easy access to downtown, Gardiner Expressway and DVP. Enjoy luxury waterfront living in the heart of Toronto! (id:66096)

Property Details

MLS®: C13860316
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $630/mo
Ownership: Condo/Strata
Property Tax: $3,747.82/yr
Listed: 32 days ago

Rooms

Main level

Kitchen: 3.01 x 3.43 meters
Dining room: 3.01 x 3.43 meters
Living room: 2.74 x 3.32 meters
Den: 2.82 x 2.44 meters
Primary Bedroom: 2.74 x 2.87 meters

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

Features

Appliances: Oven - Built-In
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$985

List price

$738K

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 2-bed single family in Toronto (Waterfront Communities) has been listed for 32 days, which is 25 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REAL LAND REALTY INC. · SHABNAM NEMATY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $738,000, about 7.5× the local median household income of $98,000.

Carrying it typically needs a household income of about $144,157 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$738,000· $985/ft²

For sale

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Full Cost Breakdown

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Down Payment6.61% · $48,800

Min 6.61%50%

Mortgage payment$3,821/mo

↳ CMHC premium ($27,568 capitalized)

Property tax (est.)$312/mo

Condo fee$630/mo

Total monthly$4,763

Cash Needed to Close

Down payment (6.61%)$48,800

Land transfer tax$22,470

Est. closing costs$4,714

Total cash needed$75,984

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