$480,000

For sale

#707 38 Annie Craig Drive, Toronto (Mimico) - Single Family for Sale

#707 38 Annie Craig Drive, Toronto (Mimico), Ontario, M8V0G9

2 beds1 bath1 parking550 ft²$339/mo condo feeListed 37 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $480,000, it is attractively priced about 26% below the $650,000 median asking price in Toronto. It has been on the market 37 days, fresher than the Toronto average of 58 days.

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Description

Welcome to Waters Edge at The Cove, a spectacular 56-storey condominium offering an exceptional lifestyle on the majestic shores of Humber Bay. Located in one of Toronto's most sought-after water front communities, this residence combines modern elegance, breathtaking views, and resort-style amenities. This approximately 507 sg. ft. one-bedroom plus den suite features a stunning wrap-around Balcony, offering panoramic views and an ideal space to relax or entertain. The unit includes one parking space and one locker. The bright, open-concept living, dining, and kitchen area features sleek laminate flooring and a contemporary kitchen with custom quartz countertops, creating a stylish and functional space for everyday living. Residents can enjoy an impressive selection of amenities, including a 24-hour concierge, elegant lobby, indoor swimming pool, state-of-the-art fitness centre, hotel-inspired guest suites, and an elegant party room-perfect for entertaining family and friends. (id:66096)

Property Details

MLS®: W13842558
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Style: Multi-level
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $339/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Listed: 37 days ago

Rooms

Main level

Family room: 3.05 x 3.05 meters
Eating area: 3.05 x 3.05 meters
Primary Bedroom: 3.05 x 2.95 meters
Kitchen: 3.05 x 3.05 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, Range, Dryer, Microwave
Flooring: Laminate
Exterior: Concrete
Lot Features: Elevator, Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$874

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 2-bed single family in Toronto (Mimico) has been listed for 37 days, which is 21 days fresher than the city average of 58. Act while there is still low competition.

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Listed by RE/MAX REALTY SERVICES INC. · RAVINDER SINGH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $480,000, about 6.1× the local median household income of $79,000.

Carrying it typically needs a household income of about $93,761 (20% down, 25-yr amortization, stress-tested) — roughly 19% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$480,000· $874/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,000

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,240 capitalized)

Est. property tax$0/mo

Condo fee$339/mo

Total monthly$2,867

Cash Needed to Close

Down payment (5%)$24,000

Land transfer tax$12,150

Est. closing costs$3,940

Total cash needed$40,090

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