$489,000

For saleJust listed

#PH-F 7 Broadway Avenue, Toronto (Mount Pleasant West) - Single Family for Sale

#PH-F 7 Broadway Avenue, Toronto (Mount Pleasant West), Ontario, M4P3C5

1 bed1 bath1 parking650 ft²$1,000/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $489,000, it is attractively priced about 18% below the $598,000 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 46 days.

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Description

Location, location, location - steps to vibrant Yonge St. shops, restaurants, supermarket, Canada Sq, Mall, Eglington subway station and now open crosstown LRT. This PH unit is on the 11th floor of the Tower portion of the building with an unobstructed east view. There are only 6 units per Tower floor in this boutique bldg., 9ft ceiling, floor to ceiling windows, stainless steel appliances. Ensuite laundry, central vacuum system. Enclosed sunroom is insulated for year round use, accessed from the LR and bedroom. The kitchen features Corian counters, double sink, pass-thru, eating counter. Converted electric marble fireplace and iron hearth. The flue has been sealed, by condo corp.. Hardwood and marble floors, carpet free. 24 hr concierge, whirlpool, sauna, gym, games room. 1 exclusive use locker. Parking is rental with direct access to the building. As per seller-reserve fund now over $2M and the condo fees should start to come down now that the reserve is at a healthy level, subject to Board decisions. (id:66096)

Property Details

MLS®: C14127996
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $1,000/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,757.02/yr
Listed: 6 days ago

Rooms

Flat

Living room: 5.62 x 3.58 meters
Dining room: 5.62 x 3.58 meters
Bedroom: 3.32 x 2.95 meters
Kitchen: 3.41 x 2.4 meters
Sunroom: 1.21 x 2.9 meters
Foyer: 3.2 x 1.27 meters
Bathroom: 2.49 x 1.62 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, Central Vacuum, Dishwasher, Stove, Dryer
Flooring: Hardwood, Marble, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mount Pleasant West) listings, avg age

46d

Price / ft²

$753

List price

$489K

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 1-bed single family in Toronto (Mount Pleasant West) has been listed for 6 days, which is 40 days fresher than the city average of 46. Act while there is still low competition.

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Listed by HOMELIFE NEW WORLD REALTY INC. · MICHAEL A JAMES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4P)

This home lists at $489,000, about 6.6× the local median household income of $74,500.

Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.

Median household income: $74,500
Population: 25,057
Median age: 36.8
Owner / renter: 26% / 75%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M4P)

$489,000· $753/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,450

Min 5%50%

Mortgage payment$2,576/mo

↳ CMHC premium ($18,582 capitalized)

Property tax (est.)$146/mo

Condo fee$1,000/mo

Total monthly$3,722

Cash Needed to Close

Down payment (5%)$24,450

Land transfer tax$12,510

Est. closing costs$3,967

Total cash needed$40,927

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