$1,398,000

For saleJust listed

#716 1 Gloucester Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#716 1 Gloucester Street, Toronto (Church-Yonge Corridor), Ontario, M4Y1L8

2 beds2 baths0 parking1,100 ft²$916/mo condo feeListed 2 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 2 days, fresher than the Toronto average of 63 days.

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Description

Welcome To An Exceptional Private Residence At The Gloucester On Yonge, Offering Approx. 1,320 Sq. Ft. Of Total Living Space (1,154 Sq. Ft. Interior + 166 Sq. Ft. Balcony). This Spacious 2-Bedroom + Library, 2-Bath Suite Features A Highly Functional Layout, 9-Ft Ceilings, Generous Principal Rooms And Walk-In Closets In Both Bedrooms. The Separate Library Is Ideal As A Home Office, Study Or Flexible Living Space. Enjoy Premium Built-In Stainless Steel Appliances, Concord BioSpace Air-Purification System And Water Leak Detection System. A Rare Dual-Access Design Offers Direct Elevator Access To The Residence, Plus A Separate Back Entrance Connecting To 3 Gloucester St.-Ideal For Added Privacy, A Nanny, Helper Or Service Access. Residents Enjoy Direct Indoor Access To Wellesley Subway Station From The P1 Level-No Need To Step Outside. An Exceptional Downtown Location Just Steps To Yorkville, The Four Seasons, Luxury Shopping And Dining, With Easy Access To U Of T, TMU, Major Hospitals And The Financial Core. A Rare Combination Of Space, Privacy, Convenience And Sophisticated Downtown Living. (id:66096)

Property Details

MLS®: C14139836
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Condo Fee: $916/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $7,095.95/yr
Listed: 2 days ago

Rooms

Flat

Living room: 5 x 4.74 meters
Dining room: 5.73 x 4.74 meters
Den: 1.82 x 2.89 meters
Primary Bedroom: 4.38 x 3.54 meters
Bedroom 2: 3.66 x 2.74 meters
Kitchen: 5.73 x 4.57 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, Oven - Built-In, Hood Fan
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$1,271

List price

$1.40M

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 (Church-Yonge Corridor) has been listed for 2 days, which is 61 days fresher than the city average of 63. Act while there is still low competition.

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Listed by RE/MAX ADVANCE REALTY · MANNI XU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $1,398,000, about 22.4× the local median household income of $62,400.

Carrying it typically needs a household income of about $273,078 (20% down, 25-yr amortization, stress-tested) — roughly 338% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$1,398,000· $1,271/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,800

Min 8.21%50%

Mortgage payment$7,114/mo

↳ CMHC premium ($51,328 capitalized)

Property tax (est.)$591/mo

Condo fee$916/mo

Total monthly$8,622

Cash Needed to Close

Down payment (8.21%)$114,800

Land transfer tax$48,870

Est. closing costs$6,694

Total cash needed$170,364

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