Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale. Listed at $415,000, it is attractively priced about 15% below the $487,000 median asking price in Toronto.

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Description

Rare Opportunity in Prime Etobicoke! Welcome to this bright, spacious, and functional 2-bedroom, 1-bathroom condominium apartment situated in one of Etobicoke's most vibrant and high-demand neighborhoods. Perfect for first-time homebuyers, downsizers, or savvy investors seeking exceptional value and high returns, this unit boasts UNBEATABLE CARRYING COSTS WITH ANNUAL PROPERTY TAXES UNDER $500/YEAR! Step into a beautifully designed layout featuring seamless laminate flooring throughout and an abundance of natural light. The combined living and dining area provides a versatile space for everyday living and entertaining, with a seamless walkout to a large open balcony ideal for relaxing or enjoying outdoor views. The upgraded kitchen is a delight, complete with quartz countertops, ample cabinet space, and great finishes. Both bedrooms are generously sized, with the primary bedroom featuring a walk-in closet for ultimate convenience. The unit is equipped with hookups ready for ensuite laundry and includes 1 secure underground parking space. Residents enjoy access to top-tier building amenities, including a fully equipped fitness gym, an indoor pool, a games room, an outdoor tennis court and two expansive party rooms for special occasions. Unmatched location with superior transit access! Step out your door to the TTC, and enjoy immediate connectivity to the NEW Finch West LRT and major GTA highways. Walking distance to Albion Mall, shopping plazas, top schools, public libraries, parks, places of worship, and everyday essentials. Move-in ready with ultra-low overhead costs in a thriving location. A must-see gem-book your private tour today! (id:66096)

Property Details

MLS®: W13621410
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Electric, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $640/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $498.75/yr
Listed: 99 days ago

Rooms

Main level

Primary Bedroom: 4.9 x 3.3 meters
Bedroom 2: 3.4 x 2.8 meters
Dining room: 3.5 x 3.3 meters
Other: 1.8 x 2.1 meters
Kitchen: 4.2 x 2.4 meters

Second level

Living room: 5.2 x 3.5 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

99d

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

64d

List price

$415K

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 (M9V)

This home lists at $415,000, about 5.1× the local median household income of $82,000.

Carrying it typically needs a household income of about $81,064 (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)

$415,000

For sale

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Full Cost Breakdown

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Down Payment5% · $20,750

Min 5%50%

Mortgage payment$2,186/mo

↳ CMHC premium ($15,770 capitalized)

Property tax (est.)$42/mo

Condo fee$640/mo

Total monthly$2,867

Cash Needed to Close

Down payment (5%)$20,750

Land transfer tax$9,550

Est. closing costs$3,745

Total cash needed$34,045

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

Investment analysis

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#807 40 Panorama Court, Toronto (Mount Olive-Silverstone-Jamestown) - Single Family for Sale