$598,000

For saleJust listed

#701 390 Cherry Street, Toronto (Waterfront Communities) - Single Family for Sale

#701 390 Cherry Street, Toronto (Waterfront Communities), Ontario, M5A0E2

2 beds1 bath1 parking650 ft²$842/mo condo feeListed Yesterday

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $598,000, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 57 days.

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Description

Historic streets below, Toronto's skyline ahead - welcome to Suite 701 at The Gooderham, a peaceful retreat in the heart of the Distillery District. This beautifully appointed 1-bedroom + den offers 671 sq. ft. of thoughtfully designed living space, complete with parking and locker. The functional floor plan maximizes the interior space, with a well-proportioned bedroom, spacious bathroom, functional kitchen and a versatile den - perfect for a home office. The unobstructed city skyline is an ever-changing canvas that can be thoughtfully appreciated from every room in the home. The generous balcony extends your living space outdoors, offering the perfect place for a morning coffee, or to unwind as the city lights begin to twinkle. The Gooderham is a reputable, meticulously maintained and quiet building offering luxurious amenities, including an outdoor pool, gym, guest suites, and more. The Distillery District's restaurants, cafés, shops, galleries, fitness options and year-round happenings are just outside your door. (id:66096)

Property Details

MLS®: C14146188
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
Waterfront: Yes
Condo Fee: $842/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,253.4/yr

Rooms

Main level

Living room: 7.44 x 6.1 meters
Dining room: 6.1 x 2.64 meters
Kitchen: 6.1 x 2.64 meters
Den: 7.44 x 6.1 meters
Primary Bedroom: 2.74 x 3.05 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: Hardwood
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$921

List price

$598K

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 1 day, which is 56 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · NADIA SALOOJEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $598,000, about 8.4× the local median household income of $71,000.

Carrying it typically needs a household income of about $116,810 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$598,000· $921/ft²

For sale

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Full Cost Breakdown

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Down Payment5.82% · $34,800

Min 5.82%50%

Mortgage payment$3,122/mo

↳ CMHC premium ($22,528 capitalized)

Property tax (est.)$271/mo

Condo fee$842/mo

Total monthly$4,236

Cash Needed to Close

Down payment (5.82%)$34,800

Land transfer tax$16,870

Est. closing costs$4,294

Total cash needed$55,964

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