$719,000

$769,000For salePrice drop↓ $50,000 (7%)

#701 1 Bedford Road, Toronto (Annex) - Single Family for Sale

#701 1 Bedford Road, Toronto (Annex), Ontario, M5R2B5

2 beds1 bath1 parking650 ft²$820/mo condo feeListed 56 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $719,000, it is attractively priced about 28% below the $1,000,500 median asking price in Toronto.

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Description

*** Upscale Living at One Bedford *** Freshly Renovated Large 1 Bedroom Plus Den. The Versatile Den with Sliding Doors Can Be Used As a 2nd Bedroom or an Office. 9' Ceilings, Brand New Quality Laminate Floors Throughout, Freshly Painted. Located In Sophisticated Neighborhood Of Art & Culture, Across From University Of Toronto Campus, Royal Ontario Museum, Royal Conservatory Of Music. Steps To Subway Station, Starbucks, Trendy Shopping & Dinning On Bloor & Yorkville. Elegant Building with World-class Amenities, Including 24-hour Concierge Services, an Indoor Pool, Fully Equipped Exercise Facilities, Sauna, Steam Room, Hot Tub, Party Room, Guest Parking and More. Parking & Locker Are Included. (id:66096)

Property Details

MLS®: C13771452
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $820/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,343/yr
Listed: 56 days ago

Rooms

Flat

Living room: 3.42 x 2.41 meters
Dining room: 3.42 x 2.41 meters
Kitchen: 3.32 x 2.64 meters
Primary Bedroom: 3.2 x 2.89 meters
Den: 2.87 x 2.43 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, Oven, Dryer, Cooktop
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,107

List price

$719K

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 (Annex) has been listed for 56 days, which is 2 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · MIHAELA NITESCU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5R)

This home lists at $719,000, about 8.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $140,446 (20% down, 25-yr amortization, stress-tested) — roughly 63% above the area median.

Median household income: $86,000
Population: 26,197
Median age: 42
Owner / renter: 39% / 61%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5R)

$719,000· $1,107/ft²

For sale

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Full Cost Breakdown

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Down Payment6.52% · $46,900.00

Min 6.52%50%

Mortgage payment$3,726/mo

↳ CMHC premium ($26,884 capitalized)

Property tax (est.)$362/mo

Condo fee$820/mo

Total monthly$4,908

Cash Needed to Close

Down payment (6.52%)$46,900

Land transfer tax$21,710

Est. closing costs$4,657

Total cash needed$73,267

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