$897,000

$932,000For salePrice drop↓ $35,000 (4%)

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#703 32 Davenport Road, Toronto (Annex) - Single Family for Sale

#703 32 Davenport Road, Toronto (Annex), Ontario, M5R0B5

3 beds2 baths parking

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3 bd2 ba1 pk850 ft²+$885/mo

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Investment analysis

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$897,000

Toronto

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Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $897,000, it is attractively priced about 13% below the $1,029,000 median asking price in Toronto. It has been on the market 47 days, fresher than the Toronto average of 58 days.

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

Description

Luxury 2 Bedroom & Den Bright Corner Unit With A Great Practical Layout In The Heart Of Yorkville With Stunning North East Views Over Rosedale With 2 Balconies, Parking & Locker. 856 Square Feet & 128 Square Feet Of Balcony With 9Ft Smooth Ceilings, Brand New Hardwood Floors Throughout. Steps To World Class Shopping, Museums, Luxury Hotels, Restaurants, & Parks With A Walking Score Of 97. Buyer Must Assume the Existing Tenant Until April 30, 2027. Tenant Is Willing to Stay. (id:66096)

Property Details

MLS®: C13801522
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $889/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $6,155.47/yr
Listed: 47 days ago

Market Timing

Days on market

47d

Toronto (Annex) listings, avg age

58d

Price / ft²

$1,056

List price

$897K

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 (M5R)

This home lists at $897,000, about 10.4× the local median household income of $86,000.

Carrying it typically needs a household income of about $175,215 (20% down, 25-yr amortization, stress-tested) — roughly 104% 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)

$897,000· $1,056/ft²

For sale

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Full Cost Breakdown

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Down Payment7.21% · $64,700.00

Min 7.21%50%

Mortgage payment$4,614/mo

↳ CMHC premium ($33,292 capitalized)

Property tax (est.)$513/mo

Condo fee$889/mo

Total monthly$6,016

Cash Needed to Close

Down payment (7.21%)$64,700

Land transfer tax$28,830

Est. closing costs$5,191

Total cash needed$98,721

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

#703 32 Davenport Road, Toronto (Annex) - Single Family for Sale

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