$482,000

$498,000For salePrice drop↓ $16,000 (3%)

#711 225 Sumach Street, Toronto (Regent Park) - Single Family for Sale

#711 225 Sumach Street, Toronto (Regent Park), Ontario, M5A0P8

2 beds2 baths0 parking750 ft²$644/mo condo feeListed 42 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $482,000, it is attractively priced about 14% below the $558,888 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 86 days.

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Description

Beautifully designed 2-bedroom, 2-bath spacious corner condo, 785sqf, in the heart of Regent Park's award-winning revitalization by Daniels. This bright unit offers 270 degrees of natural light through expansive windows and a very large private balcony, at 105sqf, with vibrant cityscape views. The functional layout features a sleek kitchen with stone countertops, built-in stainless steel appliances, and a versatile island for extra workspace and casual dining. Live in one of Downtown East's most dynamic master-planned communities, anchored by Daniels' 20+ years of integrated residential, park, and cultural development. Steps to the 6-acre Regent Park Community Park, Aquatic Centre, and Daniels Spectrum arts hub, plus shops and dining just downstairs. Walkable to TMU (formerly Ryerson), and minutes to Dundas Square, Eaton Centre, and U of T via streetcar or the DVP. A rare opportunity to own in one of Toronto's most talked-about up-and-coming neighbourhoods - perfect for urban professionals, investors, or anyone seeking space, light, and connectivity in the downtown core. (id:66096)

Property Details

MLS®: C13827828
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $644/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,061.57/yr
Listed: 42 days ago

Rooms

Flat

Primary Bedroom: 2.74 x 3.58 meters
Bedroom 2: 2.85 x 2.59 meters
Kitchen: 4.06 x 3.18 meters
Dining room: 4.06 x 3.18 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, Oven, Dryer, Microwave, Cooktop
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Regent Park) listings, avg age

86d

Price / ft²

$643

List price

$482K

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 (Regent Park) has been listed for 42 days, which is 44 days fresher than the city average of 86. Act while there is still low competition.

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Listed by CAREFREE HOME SOLD REALTY INC. · PRIS HAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $482,000, about 6.8× the local median household income of $71,000.

Carrying it typically needs a household income of about $94,151 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$482,000· $643/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,100

Min 5%50%

Mortgage payment$2,539/mo

↳ CMHC premium ($18,316 capitalized)

Property tax (est.)$255/mo

Condo fee$644/mo

Total monthly$3,438

Cash Needed to Close

Down payment (5%)$24,100

Land transfer tax$12,230

Est. closing costs$3,946

Total cash needed$40,276

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