$485,000

For sale

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#2 92 Petra Way, Whitby (Pringle Creek) - Single Family for Sale

#2 92 Petra Way, Whitby (Pringle Creek), Ontario, L1R0A3

2 beds1 bath1 parking ft²

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Listed by Royal Heritage Realty Ltd.

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Investment analysis

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$485,000

Whitby

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Overview

This 2-bedroom, 1-bathroom condo in Whitby is for sale offering roughly 950 sq ft of space. Listed at $485,000, it is attractively priced about 22% below the $619,900 median asking price in Whitby. It has been on the market 20 days, fresher than the Whitby average of 36 days.

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

Description

Spacious 2-Bedroom Condo Offering 960 Sq Ft Of Living Space Plus A Private Balcony. Functional Open-Concept Layout With A Kitchen Breakfast Bar Overlooking The Dining And Living Areas, With Walk-Out To The Balcony. Generously Sized Primary Bedroom With Walk-In Closet And Plenty Of Room For A King-Size Bed. Bright Second Bedroom Features A Walk-In Closet And Large Bay Window. A Smart Option For First-Time Buyers, Those Looking To Downsize, Or Investors Seeking A Spacious Condo In A Convenient Location. (id:66096)

Property Details

MLS®: E14080998
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $426/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,971/yr
Listed: 20 days ago

Market Timing

Days on market

20d

Whitby (Pringle Creek) listings, avg age

36d

Price / ft²

$511

List price

$485K

Homes here sell faster than most markets

Sold homes in this market spent an average of 25 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L1R)

This home lists at $485,000, about 3.6× the local median household income of $135,000.

Carrying it typically needs a household income of about $94,737 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $135,000
Population: 42,221
Median age: 39.2
Owner / renter: 89% / 11%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA L1R)

$485,000· $511/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,250

Min 5%50%

Mortgage payment$2,554/mo

↳ CMHC premium ($18,430 capitalized)

Property tax (est.)$248/mo

Condo fee$426/mo

Total monthly$3,228

Cash Needed to Close

Down payment (5%)$24,250

Land transfer tax$6,175

Est. closing costs$3,955

Total cash needed$34,380

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

#2 92 Petra Way, Whitby (Pringle Creek) - Single Family for Sale

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