$489,000

For sale

#712 115 Mcmahon Drive, Toronto (Bayview Village) - Single Family for Sale

#712 115 Mcmahon Drive, Toronto (Bayview Village), Ontario, M2K0E3

2 beds1 bath1 parking650 ft²$628/mo condo feeListed 114 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $489,000, it is attractively priced about 18% below the $599,000 median asking price in Toronto.

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Description

Omega Condo, by Concord, is wonderful with modern finishing throughout. This 618 Sq Ft. 1bedroom plus 1 den layout is spacious with an additional 168 sq. ft. balcony. One parking and one locker included. 9 Foot ceilings with large floor-to-ceiling windows in the living area and bedroom allows for plenty of sunlight. Large Open concept den can be used as a bedroom. Quartz Countertop with integrated stove, microwave, dishwasher, and fridge. Close to Hwy401/404, Fairview Mall, Ikea, Starbucks, Bayview Village, Hospital, and subway station. Amazing amenities includes basketball court, bowling alley, tennis court, swimming pool, lounge, meeting room, BBQ and picnic area. (id:66096)

Property Details

MLS®: C13566586
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $628/mo
Fee Includes: Heat, Water
Ownership: Condo/Strata
Property Tax: $2,639.31/yr
Listed

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Microwave, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

114d

Toronto (Bayview Village) listings, avg age

50d

Price / ft²

$753

List price

$489K

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 (Bayview Village) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE EXCELSIOR REALTY INC. · HON YIU DANIEL LAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2K)

This home lists at $489,000, about 5.9× the local median household income of $83,000.

Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.

Median household income: $83,000
Population: 25,377
Median age: 40.4
Owner / renter: 56% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M2K)

$489,000· $753/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,450

Min 5%50%

Mortgage payment$2,576/mo

↳ CMHC premium ($18,582 capitalized)

Property tax (est.)$220/mo

Condo fee$628/mo

Total monthly$3,424

Cash Needed to Close

Down payment (5%)$24,450

Land transfer tax$12,510

Est. closing costs$3,967

Total cash needed$40,927

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