$589,000

For sale

#802 400 Wellington Street West, Toronto (Waterfront Communities) - Single Family for Sale

#802 400 Wellington Street West, Toronto (Waterfront Communities), Ontario, M5V0B5

1 bed1 bath1 parking650 ft²$620/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $589,000, it is attractively priced about 6% below the $629,900 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 57 days.

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Description

Boutique living in the heart of King West. Tucked into one of the neighbourhood's most sought after boutique buildings, this 616 sq ft one bedroom is laid out with 9 ft ceilings and a sleek kitchen with stainless steel appliances, giving you a bright, modern space that's easy to live in and easy to love. Start your morning with coffee on the north facing balcony overlooking the city, or unwind there at the end of the day. Ensuite laundry, parking and a locker are all included, the trio every downtown buyer is looking for. Step outside and The Well is right across the street, with Wellington Market, Indigo, Shoppers, banks and cafés at your doorstep. Some of Toronto's best restaurants, shops and nightlife are a short walk away, and the Financial District, Queens Quay and Spadina are just minutes from home. (id:66096)

Property Details

MLS®: C14082536
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $620/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,911/yr
Listed: 22 days ago

Rooms

Main level

Living room: 6.2 x 2.6 meters
Dining room: 6.2 x 2.6 meters
Kitchen: 2.7 x 2.7 meters
Primary Bedroom: 3.2 x 3.2 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, Window Coverings
Flooring: Laminate
Exterior: Brick
Lot Features: Elevator, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$907

List price

$589K

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 1-bed single family in Toronto (Waterfront Communities) has been listed for 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by COLDWELL BANKER THE REAL ESTATE CENTRE · JACQUELINE MANITAROS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $589,000, about 6.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 26% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$589,000· $907/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,900

Min 5.76%50%

Mortgage payment$3,078/mo

↳ CMHC premium ($22,204 capitalized)

Property tax (est.)$243/mo

Condo fee$620/mo

Total monthly$3,940

Cash Needed to Close

Down payment (5.76%)$33,900

Land transfer tax$16,510

Est. closing costs$4,267

Total cash needed$54,677

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