$389,000

$410,000For salePrice drop↓ $21,000 (5%)

#806 21 Lawren Harris Square, Toronto (Waterfront Communities) - Single Family for Sale

#806 21 Lawren Harris Square, Toronto (Waterfront Communities), Ontario, M5A0T4

1 bed1 bath0 parking250 ft²$450/mo condo feeListed 23 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $389,000, it is attractively priced about 38% below the $629,900 median asking price in Toronto. It has been on the market 23 days, fresher than the Toronto average of 57 days.

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Description

Attention Investors! Tenant-Occupied Downtown Loft Offering Immediate Rental Income from Day One! **Modern Boutique Loft in a Vibrant Downtown Location!** An exceptional opportunity for **investors seeking a stylish, income-generating property in Toronto's dynamic downtown core!** This contemporary boutique loft showcases soaring 9-ft exposed concrete ceilings, floor-to-ceiling windows, and engineered hardwood flooring throughout, offering the modern industrial-chic design that appeals to today's urban renters. The sleek kitchen with a centre island flows seamlessly into the open-concept living and dining area, complemented by a private walk-out balcony. Situated in the sought-after King St. East corridor, with easy access to the Distillery District, Cherry Beach, George Brown College, the YMCA, trendy restaurants, cafés, and everyday conveniences. Residents enjoy desirable amenities, including a fully equipped fitness centre, yoga studio, and rooftop terrace with BBQS. (id:66096)

Property Details

MLS®: C13886496
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: Apartment in basement, N/A
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $450/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,232.09/yr
Listed: 23 days ago

Features

Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,559

List price

$389K

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 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · CATHY LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $389,000, about 5.5× the local median household income of $71,000.

Carrying it typically needs a household income of about $75,985 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$389,000· $1,559/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,450

Min 5%50%

Mortgage payment$2,049/mo

↳ CMHC premium ($14,782 capitalized)

Property tax (est.)$186/mo

Condo fee$450/mo

Total monthly$2,685

Cash Needed to Close

Down payment (5%)$19,450

Land transfer tax$8,620

Est. closing costs$3,667

Total cash needed$31,737

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