$509,900

For saleJust listed

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#919 60 Tannery Road, Toronto (Waterfront Communities) - Single Family for Sale

#919 60 Tannery Road, Toronto (Waterfront Communities), Ontario, M5A0S8

2 beds1 bath parking

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#2903 270 Queens Quay West, Toronto (Waterfront Communities), Ontario, M5J2N4

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Investment analysis

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$509,900

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $509,900, it is attractively priced about 19% below the $629,900 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 57 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome to the incredible Canary District! This spacious unit offers an open concept layout with upgraded laminate flooring, loads of natural light, built in appliances, large den for the perfect office, all within walking distance of public transit and loads of amenities. Come take a look at this amazing unit! 1 Locker included. (id:66096)

Property Details

MLS®: C14142940
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $580/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $1,756/yr
Listed: Yesterday

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$785

List price

$510K

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 (M5A)

This home lists at $509,900, about 7.2× the local median household income of $71,000.

Carrying it typically needs a household income of about $99,601 (20% down, 25-yr amortization, stress-tested) — roughly 40% 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)

$509,900· $785/ft²

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Full Cost Breakdown

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Down Payment5.10% · $25,990

Min 5.10%50%

Mortgage payment$2,683/mo

↳ CMHC premium ($19,356 capitalized)

Property tax (est.)$146/mo

Condo fee$580/mo

Total monthly$3,409

Cash Needed to Close

Down payment (5.10%)$25,990

Land transfer tax$13,346

Est. closing costs$4,030

Total cash needed$43,366

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

#919 60 Tannery Road, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5A)

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