$788,888

For sale

#PH3 16 Brookers Lane, Toronto (Mimico) - Single Family for Sale

#PH3 16 Brookers Lane, Toronto (Mimico), Ontario, M8V0A5

2 beds2 baths2 parking950 ft²$958/mo condo feeListed 11 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 950 sq ft of space. It has been on the market 11 days, fresher than the Toronto average of 58 days.

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Description

Welcome To Penthouse 3 at 16 Brookers Lane! A Designer Penthouse Waterfront Suite With 2 Parking Spots & Unobstructed, Panoramic Toronto Skyline Views. Enjoy Gorgeous Sunrises & Sunsets Year Round. Upgraded European Kitchen Package Featuring Designer Granite Counters And High End Premium German-Made MIELE Built-In Fridge, MIELE Microwave & Oven, MIELE Glass Fan & Stovetop, MIELE Built- In Dishwasher. Enjoy Durability, Quality And Sleek Design. Wide Plank Modern Hardwood Floors Throughout. Step Out Onto Humber Bay Shores Park & Walk Through Sunnyside Beach All The Way Into The City. Brookers Lane Is Also Conveniently Located Just Off The QEW Lakeshore On-Ramp/Exit -- Away From The Busy Intersection Of Park Lawn. Two (2) Side-By-Side Parking Spots & Storage Locker Included. (id:66096)

Property Details

MLS®: W14116330
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $958/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,254.46/yr

Rooms

Main level

Foyer: 3.5 x 1.2 meters
Dining room: 4.11 x 3.66 meters
Primary Bedroom: 4.26 x 3.05 meters
Bedroom 2: 3.5 x 3.05 meters
Kitchen: 3.05 x 2.75 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, Oven, Dryer, Microwave, Oven - Built-In, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$831

List price

$789K

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 (Mimico) has been listed for 11 days, which is 47 days fresher than the city average of 58. Act while there is still low competition.

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Listed by FIRST CLASS REALTY INC. · ISABEL JOSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $788,888, about 10.0× the local median household income of $79,000.

Carrying it typically needs a household income of about $154,097 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$788,888· $831/ft²

For sale

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Full Cost Breakdown

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Down Payment6.83% · $53,888.80

Min 6.83%50%

Mortgage payment$4,075/mo

↳ CMHC premium ($29,400 capitalized)

Property tax (est.)$271/mo

Condo fee$958/mo

Total monthly$5,305

Cash Needed to Close

Down payment (6.83%)$53,889

Land transfer tax$24,506

Est. closing costs$4,867

Total cash needed$83,261

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