$1,499,900

For saleJust listed

#GPH 35 1 Edgewater Drive, Toronto (Waterfront Communities) - Single Family for Sale

#GPH 35 1 Edgewater Drive, Toronto (Waterfront Communities), Ontario, M5A0L1

2 beds2 baths2 parking1,500 ft²$1,582/mo condo feeListed Yesterday

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 1 day, fresher than the Toronto average of 58 days.

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Description

PENTHOUSE PERFECTION. WATERFRONT LIVING. THREE TERRACES. Some homes just have that WOW factor. This is one of them! Perched above the water, this spectacular two-bedroom, two-bathroom penthouse is making its market debut. One owner. One extraordinary model suite. And incredible southwest lake views! Built in 2019 and fully upgraded from day one, this is boutique luxury meets waterfront living. Think gorgeous herringbone hardwood floors, soaring 9 and 10-ft ceilings, custom millwork, designer finishes and natural light pouring through an effortless open-concept layout. The kitchen? A total showstopper! An oversized 8-ft waterfall island, sleek quartz surfaces, integrated Miele appliances and wine fridge make entertaining a dream. The primary suite is pure indulgence with custom closets and a spa-worthy, five-piece marble ensuite featuring a freestanding soaker tub, double vanity and luxurious fixtures. The second bedroom is equally clever with custom millwork and a queen-sized Murphy bed. But the real magic? THREE private, southwest-facing terraces! Morning coffee overlooking the lake, sunset cocktails, sailboats drifting by and your very own VIP viewing spot for the airshow and fireworks. This is outdoor living on another level! Steps to the waterfront promenade, Sugar Beach, Sherbourne Common and the Martin Goodman Trail, with the Distillery District and downtown at your fingertips. City energy meets lakeside serenity. Two-car parking, a locker, dedicated bike storage, California Closets organizers and custom Hunter Douglas blinds complete the package. Original owner. Fully upgraded. Absolutely unforgettable. Because life really is better at the top! (id:66096)

Property Details

MLS®: C14144318
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,500 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $1,582/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $9,069.62/yr

Rooms

Main level

Foyer: 2.47 x 2.96 meters
Living room: 5.09 x 6.58 meters
Dining room: 3.35 x 3.2 meters
Kitchen: 4.27 x 5.52 meters
Primary Bedroom: 4.85 x 4.91 meters
Bedroom 2: 4 x 3.29 meters

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

Features

Appliances: Oven - Built-In
Flooring: Hardwood
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

58d

Price / ft²

$1,000

List price

$1.50M

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 (Waterfront Communities) has been listed for 1 day, which is 57 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · SHEA ELIZABETH WARRINGTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $1,499,900, about 21.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $292,983 (20% down, 25-yr amortization, stress-tested) — roughly 313% 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)

$1,499,900· $1,000/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,990.00

Min 8.33%50%

Mortgage payment$7,623/mo

↳ CMHC premium ($54,996 capitalized)

Property tax (est.)$756/mo

Condo fee$1,582/mo

Total monthly$9,960

Cash Needed to Close

Down payment (8.33%)$124,990

Land transfer tax$52,946

Est. closing costs$7,000

Total cash needed$184,936

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