$499,000

For sale

#702 88 Charles Street East, Toronto (Church-Yonge Corridor) - Single Family for Sale

#702 88 Charles Street East, Toronto (Church-Yonge Corridor), Ontario, M4Y2W7

1 bed2 baths0 parking950 ft²$1,207/mo condo feeListed 36 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $499,000, it is attractively priced about 15% below the $588,000 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 63 days.

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Description

Welcome to suite 702 - 88 Charles St E in the Church/Yonge Corridor of Toronto. This unique penthouse condo offers a combination of livability design and quality in a sought after boutique building. Originally The Waldorf Astoria Hotel now converted to condo living. This luxurious and exceptionally unique 2 storey penthouse near Younge + Bloor offers a large primary bedroom on the upper level with a large closet + spa like ensuite bathroom. An open concept floor plan with wood flooring throughout, updated kitchen with s/s appliances + stone countertops. Skylit upper landing with built ins allow natural lighting. This condo wont disappoint as it features old meeting new and location is fantastic. Walking distance to great shopping and TTC. This condo has it all! (id:66096)

Property Details

MLS®: C13849634
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 950 ft²
Storeys: 2
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $1,207/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,015.53/yr

Rooms

Main level

Kitchen: 3.1 x 2.74 meters
Living room: 4.46 x 3.84 meters
Dining room: 4.46 x 3.84 meters

Upper Level

Primary Bedroom: 4.76 x 4.56 meters

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

Features

Appliances: Washer, Dryer
Flooring: Hardwood
Foundation: Block
Exterior: Concrete, Stucco
Lot Features: Elevator

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$526

List price

$499K

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 (Church-Yonge Corridor) has been listed for 36 days, which is 27 days fresher than the city average of 63. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · JACQUELYN BURKE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $499,000, about 8.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 56% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$499,000· $526/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$251/mo

Condo fee$1,207/mo

Total monthly$4,086

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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