$828,000

For sale

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#S309 8 Olympic Garden Drive, Toronto (Newtonbrook East) - Single Family for Sale

#S309 8 Olympic Garden Drive, Toronto (Newtonbrook East), Ontario, M2M0B9

3 beds2 baths1 parking ft²

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Investment analysis

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$828,000

Toronto

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Description

Brand new 3-bedroom unit from vendor. Eligible for HST exclusion program! Price has reflected HST exclusion. One parking and locker included in sale price. Tarion warranty coverage available. Move in ready. 5-minute walk to subway station. H Mart grocery store onsite. Future park will be downstairs. Property tax has not been assessed. (id:66096)

Property Details

MLS®: C13245780
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning, Wall unit
Garage: Garage, Underground
Pool: Yes
Condo Fee: $706/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $5,000/yr
Listed: 153 days ago

Market Timing

Days on market

153d

Toronto (Newtonbrook East) listings, avg age

67d

Price / ft²

$753

List price

$828K

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 (M2M)

This home lists at $828,000, about 10.2× the local median household income of $81,000.

Carrying it typically needs a household income of about $161,737 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$828,000· $753/ft²

For sale

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Full Cost Breakdown

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Down Payment6.98% · $57,800

Min 6.98%50%

Mortgage payment$4,270/mo

↳ CMHC premium ($30,808 capitalized)

Property tax (est.)$417/mo

Condo fee$706/mo

Total monthly$5,392

Cash Needed to Close

Down payment (6.98%)$57,800

Land transfer tax$26,070

Est. closing costs$4,984

Total cash needed$88,854

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

#S309 8 Olympic Garden Drive, Toronto (Newtonbrook East) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M2M)

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Full Cost Breakdown