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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/Connectt 2 Condos/1G-BF-A

1G-BF-A

Available5 rental

$643,990

$1,227/sq ft

1 Bed·1.0 Bath·525 sq ft·East·$1,227/sq ft

Bedrooms

1 Bed

Bathrooms

1.0

Size

525 sq ft

Exposure

East

Prev: 2A+D2 / 3Next: 1A+D-A
1G-BF-A Floor Plan at Connectt 2 Condos - 525 sq.ft
Click to enlarge

Floor Range: 5-25 | Unit Number: 06

Price History

$568K$587K$606K$625K$644KJan 22Jul 22

Launch Price

$567,990

$1,082/sq ft

Jan 14, 2022

Current Price

$643,990

$1,227/sq ft

▲$76,000 (+13.4%)
DatePricePrice / Sq Ft
Jan 14, 2022$567,990$1,082/sq ft
Jul 14, 2022$643,990
▲ $76,000
$1,227/sq ft
▲ $145/sqft

Comparable Listings Nearby

Beta

Similar 1 Bed condo units nearby

For Rent5 listings
8020 Derry Road, Unit 606For LeaseStrong Match

$1,900/mo

8020 Derry Road, Unit 606

1 Bed1 Bath500-599 sqft
0.2 km·2d on mkt
8020 Derry Road, Unit 1406For LeaseStrong Match

$2,000/mo

8020 Derry Road, Unit 1406

1 Bed1 Bath500-599 sqft
0.2 km·11d on mkt
8020 Derry Road, Unit 506BFor LeaseStrong Match

$1,950/mo

8020 Derry Road, Unit 506B

1 Bed1 Bath500-599 sqft
0.2 km·27d on mkt
8020 Derry Road, Unit 2406For LeaseStrong Match

$2,000/mo

8020 Derry Road, Unit 2406

1 Bed1 Bath500-599 sqft
0.2 km·23d on mkt
8020 Derry Road, Unit 206For LeaseStrong Match

$1,900/mo

8020 Derry Road, Unit 206

1 Bed1 Bath0-499 sqft
0.2 km·39d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $643,990

(17.5% + 2.5%) $5,000.00 On Signing Balance to 5% - Aug 6, 2022 2.5% - Oct 15, 2022 2.5% - Dec 15, 2022 2.5% - Feb 15, 2023 2.5% - Sep 15, 2023 2.5% - Nov 15, 2023 2.5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 5% - Aug 6, 2022Balance to 5%$27,200$32,200Dec 25, 57388
2.5% - Oct 15, 20222.5%$16,100$48,299Jul 22, 57389
2.5% - Dec 15, 20222.5%$16,100$64,399Feb 7, 57390
2.5% - Feb 15, 20232.5%$16,100$80,499Sep 30, 57414
2.5% - Sep 15, 20232.5%$16,100$96,599Aug 30, 57416
2.5% - Nov 15, 20232.5%$16,100$112,698Mar 18, 57417
2.5% - Occupancy2.5%$16,100$128,798At Occupancy
Total Deposit20.0%$128,798

525 sq ft × $0.61/sq ft = $320/mo

Monthly Mortgage (P&I)$2,731
Property Tax (est.)$349
Maintenance Fees$320
Total Monthly Cost$3,400
Est. Rental IncomeBeta−$1,925
Net Monthly Cost−$1,475

Down payment: $128,798 (20%) · Mortgage: $515,192

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).

Resale MarketLive MLS
Est. Rent (5)$1,925/mo
Est. Gross Yield3.6%

Active MLS Listings — Same Unit Type

8020 Derry Road, Unit 606Lease

$1,900/mo

8020 Derry Road, Unit 606

1 Bed2d on mkt
8020 Derry Road, Unit 206Lease

$1,900/mo

8020 Derry Road, Unit 206

1 Bed39d on mkt
8020 Derry Road, Unit 506BLease

$1,950/mo

8020 Derry Road, Unit 506B

1 Bed27d on mkt
8020 Derry Road, Unit 2406Lease

$2,000/mo

8020 Derry Road, Unit 2406

1 Bed23d on mkt
8020 Derry Road, Unit 1406Lease

$2,000/mo

8020 Derry Road, Unit 1406

1 Bed11d on mkt

Building Market

Developer
$1,063/sqft
11available
$644K–$860K
For Rent
$3.23/sqft
47on MLS
17 avg DOM
$2K–$3K

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