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New2 hours ago

1904 - 135 Marlee Avenue

Briar Hill-Belgravia, Toronto

$589,000

Condo Apartment |
2 + 1 | 2 | 1 | 1
About this home

There is a reason units in this building don't sit on the market for long and have held their value better than the average Toronto condo. The details that make this home so comfortable and functional are also what make it a smart long term investment. There is an old saying that "they don't make them like they used to," and that couldn't be more true here. The size and layout are refreshing. The large kitchen has full size appliances, tons of counter space and cabinetry, and plenty of room to gather around the center island. It feels like its own defined space while still flowing into the living and dining room. And isn't it refreshing to find a condo that can comfortably fit a real dining table? This is a condo you can actually entertain in. Down the hall are two well sized bedrooms, two bathrooms - including a primary ensuite - and a den with a door. The laundry room doubles as ensuite storage, and there is even a separate linen closet! Another rare find in newer condos. Large north facing windows bring in plenty of natural light and open views, while the spacious balcony gives you room to sit back and take it all in. The suite also includes underground parking, reasonable price per square foot maintenance fees that cover all utilities, plus the opportunity to secure an external storage locker after a short wait on the building's waitlist. And all of this for under $590,000? That's great value. Now let's explore the location. 135 Marlee is less than a kilometre from both Eglinton West and Glencairn line 1 subway stations, even closer to the Eglinton LRT, and minutes from Allen Road for easy commutes outside the city. Love nature, walking or biking? Perfect. The building backs right on to the popular green space Kay Gardner Beltline. You are also in the sought after West Prep P.S. catchment, and benefit from a daycare and Sobeys just one block north. I could keep going, but I think you get it. Time to book a showing and fall in love!

Extras

No extras listed.

Visit this home

Open houses

  • Sat, Oct 3

    2:00 PM – 4:00 PM

  • Sun, Oct 4

    2:00 PM – 4:00 PM

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age31-50
Size900-999 sq. ft.
Maintenance Fees$885
LockerEnsuite
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,056
mls© NumberW13817242
Listed BySAGE REAL ESTATE LIMITED
Heat Included
Hydro Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,015
Property tax
$171
Heat allowance
$150
Condo fees, half counted
$443
Housing costs
$3,779 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $117,800
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,479 / mo
Cash down
$117,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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Comparable sales

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