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RE/MAX Premier Inc., Brokerage logo

Suzan McKenzie

RE/MAX Premier Inc., Brokerage

1885 Wilson Avenue Ste 200A, Toronto, Ontario, M9M1A2

Phone: 416-743-2000

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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Home/Terrace Park Towns/Cherry Ridge

Cherry Ridge

Available

$989,990

$516/sq ft · Resale avg $769/sqft

3 Bed·2.5 Bath·1920 sq ft·single Garage·$516/sq ft

Bedrooms

3 Bed

Bathrooms

2.5

Size

1920 sq ft

Garage

single Garage

1 / 3Next: Hazelwood Corner
Cherry Ridge Floor Plan at Terrace Park Towns - 1920 sq.ft
Click to enlarge

Price History

$990K$1.1M$1.1M$1.2M$1.3MJun 23Nov 23Mar 26

Launch Price

$1,283,880

$669/sq ft

Jun 24, 2023

Current Price

$989,990

$516/sq ft

▼$293,890 (-22.9%)

Low Rise Details

Type

townhouse

Storeys

3_storey

Garage

single Garage

Basement

unfinished

Ownership Type

potl

Comparable Listings Nearby

Beta

Similar 3 Bed condo units nearby

For Sale6 listings
100 Stauffer CrescentFor SaleStrong Match

$799,000

100 Stauffer Crescent

3 Bed4 Bath1500-2000 sqft
0.1 km·Built 2023·9d on mkt
86 Stauffer CrescentFor SaleStrong Match

$969,000

86 Stauffer Crescent

3 Bed3 Bath1500-2000 sqft
0.2 km·Built 2023·14d on mkt
81 Stauffer CrescentFor SaleStrong Match

$930,000

81 Stauffer Crescent

3 Bed4 Bath1500-2000 sqft
0.2 km·Built 2023·5d on mkt
51 Stauffer CrescentFor SaleGood Match

$1,089,000

51 Stauffer Crescent

3 Bed3 Bath1500-2000 sqft
0.3 km·Built 2023·14d on mkt
57 Stauffer CrescentFor SaleGood Match

$1,150,000

57 Stauffer Crescent

3 Bed4 Bath1500-2000 sqft
0.3 km·Built 2023·23d on mkt
84 Stauffer CrescentFor SaleGood Match

$1,031,000

84 Stauffer Crescent

3 Bed3 Bath1500-2000 sqft
0.2 km·Built 2023·81d on mkt
For Rent3 listings
43 Mikayla LaneFor LeaseGood Match

$3,000/mo

43 Mikayla Lane

3 Bed2 Bath1500-2000 sqft
0.3 km·Built 2023·6d on mkt
78 Stauffer CrescentFor LeaseGood Match

$3,100/mo

78 Stauffer Crescent

3 Bed2 Bath1500-2000 sqft
0.2 km·Built 2023·17d on mkt
65 Mikayla LaneFor LeaseGood Match

$3,150/mo

65 Mikayla Lane

3 Bed3 Bath1500-2000 sqft
0.2 km·Built 2023·14d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $989,990

$20,000.00 On Signing $30,000.00 - 30 days $25,000.00 - 90 days $25,000.00 - 120 days $25,000.00 - 180 days $25,000.00 - 365 days

MilestoneRateAmountCumulativeDue Date
$20,000.00 On Signing$20,000.00$20,000$20,000On Signing
$30,000.00 - 30 days$30,000.00$30,000$50,000May 22, 2026
$25,000.00 - 90 days$25,000.00$25,000$75,000Jul 21, 2026
$25,000.00 - 120 days$25,000.00$25,000$100,000Aug 20, 2026
$25,000.00 - 180 days$25,000.00$25,000$125,000Oct 19, 2026
$25,000.00 - 365 days$25,000.00$25,000$150,000Apr 22, 2027
Total Deposit15.2%$150,000

1,920 sq ft × $0.11/sq ft = $211/mo

Monthly Mortgage (P&I)$4,198
Property Tax (est.)$536
Maintenance Fees$211
Total Monthly Cost$4,945
Est. Rental IncomeBeta−$3,250
Net Monthly Cost−$1,695

Down payment: $197,998 (20%) · Mortgage: $791,992

Estimates only. Property tax rate: 0.65%. Actual rates may vary. Consult a mortgage professional for accurate figures.

Rental estimate based on median of nearby comparable units (beta).

Building Market

For Sale
$769/sqft
11on MLS
44 avg DOM
$400K–$808K
Developer
$528/sqft
4available
$990K–$1.2M
For Rent
$3.43/sqft
22on MLS
16 avg DOM
$2K–$3K

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