$474,900

For sale

#803 25 Lower Simcoe Street, Toronto (Waterfront Communities) - Single Family for Sale

#803 25 Lower Simcoe Street, Toronto (Waterfront Communities), Ontario, M5J3A1

1 bed1 bath0 parking$532/mo condo feeListed 99 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $474,900, it is attractively priced about 25% below the $629,900 median asking price in Toronto.

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Description

Welcome to 25 Lower Simcoe St #803 - A Very Well Laid Out 1 Bedroom Condo With Locker At The Final Phase Of Infinity! This Executive Suite Features A Function Floorplan, With Bright Floor To Ceiling Windows In The Living / Dining Room, A Walk Out To A Large Balcony, A Modern Kitchen With Stainless Steel Appliances, And Laminate Floors. Truly An Incredible Location; Close To The Path, Plus Only A Short Walk To The Financial District, Air Canada Centre, And The Best Shops, Dining, and Entertainment In Downtown. Fantastic Building Amenities Include Indoor Pool, Gym, 24 Hour Concierge, Guest Suites, Games Room, Rooftop Deck, Theatre, Sauna. 1 Locker Included. (id:66096)

Property Details

MLS®: C13622074
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $532/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,524.45/yr
Listed: 99 days ago

Rooms

Flat

Primary Bedroom: 4.04 x 2.94 meters
Kitchen: 3.62 x 2.63 meters
Dining room: 4.8 x 2.96 meters
Living room: 4.8 x 2.96 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, Stove, Dryer, Microwave, Hood Fan, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

99d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$475K

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) 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 PROPERTY.CA INC. · PAUL SIKSNA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5J)

This home lists at $474,900, about 5.1× the local median household income of $94,000.

Carrying it typically needs a household income of about $92,765 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 16,879
Median age: 33.6
Owner / renter: 43% / 57%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5J)

$474,900

For sale

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Full Cost Breakdown

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Down Payment5% · $23,745

Min 5%50%

Mortgage payment$2,501/mo

↳ CMHC premium ($18,046 capitalized)

Property tax (est.)$210/mo

Condo fee$532/mo

Total monthly$3,243

Cash Needed to Close

Down payment (5%)$23,745

Land transfer tax$11,946

Est. closing costs$3,925

Total cash needed$39,616

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