$235,000

For sale

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#804 207 Galloway Road, Toronto (West Hill) - Single Family for Sale

#804 207 Galloway Road, Toronto (West Hill), Ontario, M1E4X3

2 beds1 bath1 parking ft²

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Investment analysis

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$235,000

Toronto

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Description

Great opportunity to own a bright and spacious 2-bedroom condo featuring an open-concept living and dining area with a walkout to a private balcony. Conveniently located just steps to public transit and minutes from parks, schools, the University of Toronto Scarborough Campus, Centennial College, library, hospital, shopping and everyday amenities. An excellent opportunity for first-time buyers, downsizers or investors. (id:66096)

Property Details

MLS®: E13729640
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Garage, Underground
Condo Fee: $996/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $724/yr
Listed: 65 days ago

Market Timing

Days on market

65d

Toronto (West Hill) listings, avg age

61d

Price / ft²

$277

List price

$235K

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.

Area context

Neighbourhood profile (M1E)

This home lists at $235,000, about 2.9× the local median household income of $82,000.

Carrying it typically needs a household income of about $45,904 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 48,033
Median age: 41.2
Owner / renter: 63% / 37%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1E)

$235,000· $277/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $11,750

Min 5%50%

Mortgage payment$1,238/mo

↳ CMHC premium ($8,930 capitalized)

Property tax (est.)$60/mo

Condo fee$996/mo

Total monthly$2,295

Cash Needed to Close

Down payment (5%)$11,750

Land transfer tax$4,150

Est. closing costs$3,205

Total cash needed$19,105

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#804 207 Galloway Road, Toronto (West Hill) - Single Family for Sale

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Description

Property Details

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Market Timing

Location

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Neighbourhood profile (M1E)

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