$530,000

For sale

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#904 2369 Danforth Avenue, Toronto (East End-Danforth) - Single Family for Sale

#904 2369 Danforth Avenue, Toronto (East End-Danforth), Ontario, M4C1K7

2 beds2 baths0 parking condo fee

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Investment analysis

Rental cashflow calculator

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$530,000

Toronto

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Description

Live in a new home in a great neighborhood in Danforth. New one bedroom + den with two full washrooms, 9ft ceiling, The kitchen is an open concept with upgraded cabinets and stainless steel appliances. FREE high speed internet is included in the maintenance fee. Public transit, shops, restaurants, schools, and parks are within close proximity. Close proximity to downtown Toronto. The building is equipped with modern technology. The building entrance and the unit have digital access, so there is no more carrying keys or fobs around. Open and lock your door through an app on your phone. The building is equipped with a Gym, party room, pet spa and visitor parking. (id:66096)

Property Details

MLS®: E12891254
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $466/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $2,800/yr
Listed: 234 days ago

Market Timing

Days on market

234d

Toronto (East End-Danforth) listings, avg age

55d

List price

$530K

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 (M4C)

This home lists at $530,000, about 6.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $103,528 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.

Median household income: $83,000
Population: 46,440
Median age: 40
Owner / renter: 53% / 47%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4C)

$530,000

For sale

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Full Cost Breakdown

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Down Payment5.28% · $28,000.00

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,080 capitalized)

Property tax (est.)$233/mo

Condo fee$466/mo

Total monthly$3,483

Cash Needed to Close

Down payment (5.28%)$28,000

Land transfer tax$14,150

Est. closing costs$4,090

Total cash needed$46,240

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

#904 2369 Danforth Avenue, Toronto (East End-Danforth) - Single Family for Sale

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Description

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Neighbourhood profile (M4C)

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