$399,900

For sale

#804 2901 Kipling Avenue, Toronto (Mount Olive-Silverstone-Jamestown) - Single Family for Sale

#804 2901 Kipling Avenue, Toronto (Mount Olive-Silverstone-Jamestown), Ontario, M9V5E5

2 beds2 baths1 parking1,100 ft²$908/mo condo feeListed 55 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. Listed at $399,900, it is attractively priced about 18% below the $484,900 median asking price in Toronto. It has been on the market 55 days, fresher than the Toronto average of 63 days.

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Description

Welcome to this bright and sun-filled end-unit condo offering breathtaking, unobstructed views and an abundance of natural light through oversized windows. This spacious, beautifully maintained suite features 2 generously sized bedrooms along with 2 full bathrooms and a large open-concept living and dining area designed for comfortable everyday living and effortless entertaining. Enjoy the convenience of ensuite laundry, 1 underground parking space, and a private locker for additional storage. There is also an ADDITIONAL PARKING SPACE that is currently being rented through Property Management. Residents enjoy exceptional building amenities including an outdoor pool, sauna, fitness centre, party/meeting room, BBQ area, visitor parking, and a secure entry system. Ideally situated with TTC transit at your doorstep and quick access to Highways 400, 401, and 407. Minutes from shopping, schools, parks, banks, York University, Humber College, and Toronto Pearson International Airport. An outstanding opportunity to own a spacious, move-in-ready home in a well-managed building with unbeatable convenience and spectacular views. (id:66096)

Property Details

MLS®: W13770766
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $908/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,350.47/yr
Listed: 55 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Concrete
Lot Features: Ravine, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Toronto (Mount Olive-Silverstone-Jamestown) listings, avg age

63d

Price / ft²

$364

List price

$400K

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 (Mount Olive-Silverstone-Jamestown) has been listed for 55 days, which is 8 days fresher than the city average of 63. Act while there is still low competition.

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Listed by RE/MAX NOBLECORP REAL ESTATE · DOMENIC D'AGOSTINO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9V)

This home lists at $399,900, about 4.9× the local median household income of $82,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 53,878
Median age: 37.2
Owner / renter: 54% / 46%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M9V)

$399,900· $364/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$113/mo

Condo fee$908/mo

Total monthly$3,127

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$8,947

Est. closing costs$3,700

Total cash needed$32,642

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