$599,000

For sale

#B108 50 Morecambe Gate, Toronto (L'Amoreaux) - Single Family for Sale

#B108 50 Morecambe Gate, Toronto (L'Amoreaux), Ontario, M1W2N5

2 beds2 baths1 parking1,300 ft²$342/mo condo feeListed 162 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. Its $599,000 asking price sits right in line with the $579,000 median in Toronto.

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Description

Welcome to Victoria Gardens, a highly sought-after community ideally situated at Victoria Park & Finch in the heart of North York.This newer, beautifully upgraded residence offers an exceptionally rare and versatile layout featuring two spacious living areas, two dining spaces, two bedrooms with walk-in closets, and two separate entrances with private terraces. Each section of the unit has its own private living space and washroom, making it perfect for multi-generational living, work-from-home flexibility, or as an income-generating rental property.The unit also features an in-suite washer and dryer, with only the kitchen and laundry conveniently shared between both living spaces, giving each occupant maximum privacy and independence.Thoughtfully designed with thousands spent in upgrades, this stunning home showcases modern laminate flooring, upgraded bathrooms, and a chef-inspired kitchen complete with quartz countertops and stainless steel appliances.Enjoy unbeatable convenience just steps to transit, Seneca College, grocery stores, restaurants, and shopping, and just minutes to Highways 404 and 401 and Fairview Mall for effortless commuting and everyday living.A unique opportunity to own a stylish, functional, and income-flexible home in one of North York's most connected neighbourhoods. Don't miss this exceptional property. (id:66096)

Property Details

MLS®: E13208350
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $342/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,548.32/yr
Listed: 162 days ago

Rooms

Main level

Living room: 3.91 x 2.87 meters
Dining room: 3.51 x 2.64 meters
Kitchen: 3.71 x 2.79 meters
Dining room: 3.51 x 2.54 meters
Living room: 3.91 x 2.77 meters
Primary Bedroom: 3.81 x 3.07 meters
Bedroom 2: 3.81 x 3.18 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

162d

Toronto (L'Amoreaux) listings, avg age

47d

Price / ft²

$461

List price

$599K

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 (L'Amoreaux) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE/BAYVIEW REALTY INC. · LATIF MERALI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1W)

This home lists at $599,000, about 7.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $82,000
Population: 47,070
Median age: 48
Owner / renter: 74% / 26%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1W)

$599,000· $461/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$296/mo

Condo fee$342/mo

Total monthly$3,765

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$16,910

Est. closing costs$4,297

Total cash needed$56,107

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