$479,900

For sale

#704 2 Augusta Avenue, Toronto (Waterfront Communities) - Single Family for Sale

#704 2 Augusta Avenue, Toronto (Waterfront Communities), Ontario, M5V0T3

1 bed1 bath0 parking550 ft²$450/mo condo feeListed 32 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $479,900, it is attractively priced about 24% below the $629,900 median asking price in Toronto. It has been on the market 32 days, fresher than the Toronto average of 57 days.

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Description

Experience stylish downtown living in this like-new 1-bedroom condo at 2 Augusta Ave. Designed with a modern urban aesthetic, this bright east-facing suite features soaring 9-foot concrete ceilings, floor-to-ceiling windows that flood the space with natural morning light, and a charming Juliette balcony that brings the outdoors in. The thoughtfully designed layout offers a sleek, contemporary feel with clean lines and an airy atmosphere-perfect for professionals, first-time buyers, or investors seeking a turnkey home in one of Toronto's most vibrant neighbourhoods. Step outside and discover the city's best at your doorstep. Walk to Kensington Market, Queen West, Chinatown, and the Entertainment District, with countless cafes, restaurants, boutiques, galleries, parks, and transit options just minutes away. Whether you're grabbing your morning coffee, meeting friends for dinner, or exploring Toronto's most iconic neighbourhoods, everything you love about city living is within easy reach. A rare opportunity to own a sophisticated urban retreat in an unbeatable downtown location. (id:66096)

Property Details

MLS®: C13861994
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $450/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,500/yr
Listed: 32 days ago

Rooms

Main level

Living room: 6.4 x 3.24 meters
Dining room: 6.4 x 3.24 meters
Kitchen: 6.4 x 3.24 meters
Primary Bedroom: 2.79 x 2.67 meters

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

Features

Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

32d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$873

List price

$480K

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 (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 RIGHT AT HOME REALTY · MICHAEL CORMACK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $479,900, about 5.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$479,900· $873/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,995

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,236 capitalized)

Property tax (est.)$208/mo

Condo fee$450/mo

Total monthly$3,186

Cash Needed to Close

Down payment (5%)$23,995

Land transfer tax$12,146

Est. closing costs$3,940

Total cash needed$40,081

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