$499,000

For sale

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#Ph101 225 Sherway Gardens Road, Toronto (Islington-City Centre West) - Single Family for Sale

#Ph101 225 Sherway Gardens Road, Toronto (Islington-City Centre West), Ontario, M9C0A3

2 beds1 bath1 parking

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Investment analysis

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$499,000

Toronto

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Description

Amazing sunset views from this penthouse, nothing blocking the southwest sightlines from the balcony. Open layout with kitchen flowing into living and dining spaces, 9ft ceilings make it feel really spacious. Den is flexible for office or guest space. Parking is close to the elevator which is handy, plus you get a bigger than normal locker. Hard to find penthouses with views this clear.Great location with quick highway access to both QEW and 427. TTC is right outside, Sherway Gardens is walkable, and there's tons of restaurants nearby. (id:66096)

Property Details

MLS®: W13090112
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $666/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,382.91/yr
Listed: 184 days ago

Market Timing

Days on market

184d

Toronto (Islington-City Centre West) listings, avg age

57d

List price

$499K

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 (M9C)

This home lists at $499,000, about 5.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 3% above the area median.

Median household income: $95,000
Population: 38,725
Median age: 45.6
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M9C)

$499,000

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$199/mo

Condo fee$666/mo

Total monthly$3,493

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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

#Ph101 225 Sherway Gardens Road, Toronto (Islington-City Centre West) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Features

Market Timing

Neighbourhood profile (M9C)

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Full Cost Breakdown