$699,000

For sale

#704 5 Lakeview Avenue, Toronto (Trinity-Bellwoods) - Single Family for Sale

#704 5 Lakeview Avenue, Toronto (Trinity-Bellwoods), Ontario, M6J0H3

2 beds2 baths1 parking650 ft²$599/mo condo feeListed 18 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $699,000, it is attractively priced about 26% below the $949,999 median asking price in Toronto. It has been on the market 18 days, fresher than the Toronto average of 48 days.

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Description

Welcome To This Bright And Beautifully Appointed 2-Bedroom, 2-Bathroom Condo At The Twelve Hundred Building. Offering Approximately 628 Sq. Ft (+ 74 Sq. Ft Balcony) Of Thoughtfully Designed Living Space, This Modern Suite Features An Open-Concept Layout, Laminate Flooring Throughout, And An Abundance Of Natural Light. The Upgraded European Style Kitchen Showcases Contemporary Cabinetry, Stone Countertops And Stainless Steel Appliances Making It Both Stylish And Functional. The Spacious Primary Bedroom Offers The Convenience Of A Private 3 Piece Ensuite Bathroom, While Both Bedrooms Provide Generous Closet Space. Enjoy Ensuite Laundry And A Private Balcony With Impressive City And Conservation Views-An Ideal Spot For Morning Coffee Or Evening Relaxation. One Parking Space Is Included. Residents Enjoy An Impressive Selection Of Amenities, Including A Fitness Centre, Lobby Lounge, Party Room, Rooftop Deck Area And Bicycle Storage. Virtual Concierge. High Speed Internet Is Included In The Maintenance Fee. Currently Rented On A Month To Month Basis For $2,950 Plus Utilities. Great Tenants That Are Willing To Stay If Buyer Is Looking For An Investment Unit. Ideally Situated In Toronto's Vibrant Trinity-Bellwoods Area, Walk To Parks, Cafes, Restaurants, Shops And Public Transit. A Wonderful Chance For Those Seeking Contemporary Condo Living In A Dynamic West-End Neighbourhood. Don't Miss This Opportunity! (id:66096)

Property Details

MLS®: C14092642
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $599/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,967/yr
Listed: 18 days ago

Rooms

Main level

Kitchen: 3.3 x 3.1 meters
Dining room: 3.3 x 3.1 meters
Living room: 2.75 x 3.25 meters
Bedroom: 2.7 x 2.85 meters
Primary Bedroom: 2.95 x 2.95 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, Range, Oven, Dryer, Microwave, Cooktop, Oven - Built-In, Garage door opener remote(s)
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Toronto (Trinity-Bellwoods) listings, avg age

48d

Price / ft²

$1,076

List price

$699K

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 (Trinity-Bellwoods) has been listed for 18 days, which is 30 days fresher than the city average of 48. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · FILIPE FERREIRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6J)

This home lists at $699,000, about 7.8× the local median household income of $90,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$699,000· $1,076/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$331/mo

Condo fee$599/mo

Total monthly$4,556

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$20,910

Est. closing costs$4,597

Total cash needed$70,407

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