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$499,000
Toronto
#806 138 Downes Street, Toronto (Waterfront Communities), Ontario, M5E0E4
This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $499,000, it is attractively priced about 21% 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.
Welcome To Sugar Wharf By Menkes - A Stunning East-Facing 696 Sq.Ft. 2-Bedroom, 2-Bathroom Waterfront Residence In The Heart Of Toronto's Most Exciting Downtown Community! This Bright And Efficient Suite Features Soaring 9-Ft Ceilings, An Open-Concept Kitchen/Living Layout, Engineered Hardwood Floors, Stone Countertops, Stainless Steel Appliances, Ensuite Laundry, And Two Full Bathrooms For Exceptional Everyday Comfort. Residents Enjoy The Best Of "The Lake, The Life, The City" - Steps To Sugar Beach, Harbourfront, Loblaws, Farm Boy, LCBO, St. Lawrence Market, Union Station, The Financial District, CN Tower, Parks, Shops, Restaurants, Schools, And Future PATH Connection. Built By Reputable Developer Menkes, Sugar Wharf Offers Outstanding Amenities Including 24-Hour Concierge, Fitness Centre/Membership, Indoor Pool, Basketball Court, Party Room, Theatre Room, Kids/Arts Rooms, Arcade Room, Outdoor Terrace With BBQ Area, And More. With Strong Rental Cash Flow Potential And Exceptional Downtown Convenience, This Is An Ideal Opportunity For Investors, First-Time Home Buyers, Or End-Users Seeking A Vibrant Waterfront Lifestyle. Do Not Miss! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 57 days across the listings currently for sale in this city
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.
This 2-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.
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 5.1× the local median household income of $98,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA M5E)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice