$679,900

For sale

#838 250 Manitoba Street, Toronto (Mimico) - Single Family for Sale

#838 250 Manitoba Street, Toronto (Mimico), Ontario, M8Y4G8

2 beds2 baths2 parking1,100 ft²$1,095/mo condo feeListed 30 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 58 days.

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Description

Welcome to this spacious 2-storey loft in the sought-after Mystic Pointe community in Mimico. Offering approximately 1,090 sq. ft. of living space, this bright 1+1 bedroom, 2 bathroom suite features soaring 17 ft ceilings, dramatic floor-to-ceiling windows, a gas fireplace, and an open-concept main floor ideal for everyday living and entertaining. The upper level offers a generous primary bedroom with walk-in closet and a versatile den that can be used as a home office, guest area, or additional living space. Includes two owned underground parking spaces and one owned locker. Conveniently located close to the waterfront, parks, trails, TTC, Mimico GO, shopping, restaurants, and major highways. A unique loft-style residence offering space, character, and excellent access to downtown Toronto. (id:66096)

Property Details

MLS®: W13869664
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,100 ft²
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $1,095/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata

Rooms

Main level

Living room: 4.84 x 4.94 meters
Dining room: 2.76 x 2.58 meters
Kitchen: 3.7 x 2.44 meters

Upper Level

Primary Bedroom: 4.76 x 3.71 meters
Den: 2.63 x 2.5 meters

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

Features

Flooring: Laminate, Ceramic, Vinyl
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$618

List price

$680K

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 (Mimico) has been listed for 30 days, which is 28 days fresher than the city average of 58. Act while there is still low competition.

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Listed by REAL ESTATE ADVISORS INC. · RICHARD CHHABRA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Y)

This home lists at $679,900, about 7.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $132,808 (20% down, 25-yr amortization, stress-tested) — roughly 46% above the area median.

Median household income: $91,000
Population: 21,986
Median age: 40.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M8Y)

$679,900· $618/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,990.00

Min 6.32%50%

Mortgage payment$3,531/mo

↳ CMHC premium ($25,476 capitalized)

Property tax (est.)$236/mo

Condo fee$1,095/mo

Total monthly$4,862

Cash Needed to Close

Down payment (6.32%)$42,990

Land transfer tax$20,146

Est. closing costs$4,540

Total cash needed$67,676

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