$650,000

For sale

#706 251 Manitoba Street, Toronto (Mimico) - Single Family for Sale

#706 251 Manitoba Street, Toronto (Mimico), Ontario, M8Y0B7

2 beds1 bath1 parking650 ft²$521/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $650,000 asking price sits right in line with the $649,900 median in Toronto. It has been on the market 8 days, fresher than the Toronto average of 56 days.

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Description

There's something special about waking up to sunshine and lake views. Welcome to Suite 706 at 251 Manitoba Street, a bright and spacious 2-bedroom condo with sunny southern exposure and a great layout that makes the most of its nearly 700 sq. ft. of living space. The main living area is comfortable and functional, with plenty of natural light and a walkout to your private balcony. Whether it's a quiet morning with coffee overlooking the lake or relaxing after a long day, this is a space you'll actually want to spend time in. Both bedrooms are well proportioned, and the unit comes complete with underground parking and a locker. The building offers fantastic amenities, including an outdoor pool, a fully equipped fitness centre, rooftop terrace with BBQ's, sauna and steam room, party room with catering kitchen, private dining room, games room, media room, shared workspace/business centre, guest suites and concierge. And then there's the location. Grand Avenue Park is just steps away, with Humber Bay Shores, waterfront trails, great restaurants, cafes and everyday conveniences all nearby. Mimico GO, the Gardiner and downtown Toronto are easily accessible, giving you the best of both worlds: a quieter neighbourhood without giving up the convenience of the city. (id:66096)

Property Details

MLS®: W14119432
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $521/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,724/yr
Listed: 8 days ago

Rooms

Main level

Foyer: 2.15 x 1.5 meters
Kitchen: 3.33 x 3.33 meters
Dining room: 3.33 x 3.33 meters
Living room: 2.77 x 3.33 meters
Primary Bedroom: 3.44 x 3.01 meters
Bedroom 2: 2.7 x 2.82 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
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mimico) listings, avg age

56d

Price / ft²

$1,001

List price

$650K

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 (Mimico) has been listed for 8 days, which is 48 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · IGOR VERIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Y)

This home lists at $650,000, about 7.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $126,968 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$650,000· $1,001/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $40,000

Min 6.15%50%

Mortgage payment$3,382/mo

↳ CMHC premium ($24,400 capitalized)

Property tax (est.)$227/mo

Condo fee$521/mo

Total monthly$4,130

Cash Needed to Close

Down payment (6.15%)$40,000

Land transfer tax$18,950

Est. closing costs$4,450

Total cash needed$63,400

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