$1,489,000

For sale

#7507 388 Yonge Street, Toronto (Bay Street Corridor) - Single Family for Sale

#7507 388 Yonge Street, Toronto (Bay Street Corridor), Ontario, M5B0A4

3 beds2 baths2 parking1,500 ft²$1,300/mo condo feeListed 26 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 26 days, fresher than the Toronto average of 60 days.

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Description

Rare luxury penthouse-style living at Aura Condos (388 Yonge St)! This sprawling 3-bedroom residence offers a sun-drenched, highly functional floor plan with soaring ceilings and floor-to-ceiling windows framing gorgeous unobstructed panoramic city views. The modern chef-inspired kitchen features premium integrated appliances, stone countertops, custom cabinetry, and a large center island-perfect for family living and entertaining. Three generously proportioned bedrooms offer abundant natural light and ample storage, headlined by a primary retreat with a walk-in closet and a spa-like ensuite bathroom. Direct indoor PATH connection to College Subway Station, underground shopping, IKEA, and dining! Steps to Toronto Metropolitan University (TMU), U of T, Financial District, Hospital Row, and the Eaton Centre. World-class 5-star amenities include a 40,000 sq ft fitness facility (Crunch Fitness), 24hr concierge, guest suites, outdoor lounge terrace w/ BBQs, and private party lounges. Includes 2 parking & locker. An exceptional trophy asset in the heart of downtown Toronto! (id:66096)

Property Details

MLS®: C13883002
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,500 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,300/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $9,414.91/yr
Listed: 26 days ago

Rooms

Other

Living room: 9.14 x 4.57 meters
Dining room: 9.14 x 4.57 meters
Kitchen
Primary Bedroom: 3.05 x 4.34 meters
Bedroom 2: 3.66 x 3.05 meters
Bedroom 3: 3.51 x 3.73 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, Wine Fridge, Stove, Dryer, Hood Fan
Flooring: Hardwood
Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$993

List price

$1.49M

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 3-bed single family in Toronto (Bay Street Corridor) has been listed for 26 days, which is 34 days fresher than the city average of 60. Act while there is still low competition.

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Listed by CONDOWONG REAL ESTATE INC. · MICHAEL HO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5B)

This home lists at $1,489,000, about 25.7× the local median household income of $58,000.

Carrying it typically needs a household income of about $290,854 (20% down, 25-yr amortization, stress-tested) — roughly 401% above the area median.

Median household income: $58,000
Population: 17,422
Median age: 31.4
Owner / renter: 28% / 72%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5B)

$1,489,000· $993/ft²

For sale

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Full Cost Breakdown

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Down Payment8.32% · $123,900

Min 8.32%50%

Mortgage payment$7,568/mo

↳ CMHC premium ($54,604 capitalized)

Property tax (est.)$785/mo

Condo fee$1,300/mo

Total monthly$9,652

Cash Needed to Close

Down payment (8.32%)$123,900

Land transfer tax$52,510

Est. closing costs$6,967

Total cash needed$183,377

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