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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Willowdale East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $199,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Luxury Tridel one-bedroom condo unit is located at primate Yonge & Finch location. About 600 sq.ft. Sunny south exposure. open concept layout. Top ranking school - Mckee & Earl Haig School District. Steps to subway station, TTC bus stops, supermarket, park, various restaurants & retails and more. Close to major highway and community centre. Condo amenities include 24-hour security, indoor pool, gym, sauna, party room, visitor parking, etc. ***Photos were taken from the past as reference; buyer/buyer agent takes their own diligence on the state of the unit. As per seller, the wood floor is not in great shape; Sell As Is.***
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Data-driven valuation for 18 Sommerset Way 1505, Toronto C14, ON M2N 6X5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $199,000 in Toronto, the legal minimum down payment is $9,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,715 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,715 also applies, bringing the total estimated land transfer taxes to $3,430.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.