$408,888

For sale

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#PH10 3088 Kennedy Road, Toronto (Steeles) - Single Family for Sale

#PH10 3088 Kennedy Road, Toronto (Steeles), Ontario, M1V5M4

2 beds2 baths1 parking ft²

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For salePrice drop

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↓ $20K (5%) price drop

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For sale

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$588K

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Listed by BAY STREET GROUP INC.

Investment analysis

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$408,888

Toronto

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Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. Listed at $408,888, it is attractively priced about 9% below the $450,000 median asking price in Toronto. It has been on the market 29 days, fresher than the Toronto average of 40 days.

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

Description

**Retirement Condo** A rare opportunity to own both a corner unit as well as a penthouse suite. This spacious yet cozy retirement pad opens the door to a balance of freedom, support and social life in your golden years. Purposefully built to accommodate accessibility needs of the elderly, this building comes with 24/7 staff responding to medical emergencies and providing health monitoring. Welcoming to both independent retirees or those who choose to share the space with family members, this building has no shortage of social and recreational activities. (id:66096)

Property Details

MLS®: E13874270
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground, Shared
Condo Fee: $1,402/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,862.59/yr
Listed: 29 days ago

Market Timing

Days on market

29d

Toronto (Steeles) listings, avg age

40d

Price / ft²

$431

List price

$409K

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 (M1V)

This home lists at $408,888, about 5.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $79,870 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $82,000
Population: 50,825
Median age: 45.6
Owner / renter: 81% / 19%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1V)

$408,888· $431/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,444.40

Min 5%50%

Mortgage payment$2,154/mo

↳ CMHC premium ($15,538 capitalized)

Property tax (est.)$155/mo

Condo fee$1,402/mo

Total monthly$3,710

Cash Needed to Close

Down payment (5%)$20,444

Land transfer tax$9,306

Est. closing costs$3,727

Total cash needed$33,477

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

#PH10 3088 Kennedy Road, Toronto (Steeles) - Single Family for Sale

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