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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/Freed Hotel & Residences/S.8

S.8

Available1 resale

$599,900

$2,181/sq ft · Resale avg $1,876/sqft

Studio·1.0 Bath·275 sq ft·East·$2,181/sq ft

Bedrooms

Studio

Bathrooms

1.0

Size

275 sq ft

Exposure

East

1 / 3Next: S.7 BF
S.8 Floor Plan at Freed Hotel & Residences - 275 sq.ft
Click to enlarge

Floor Range: 14-28 | Unit Number: 04, 05

Price History

$570K$577K$585K$592K$600KMar 24May 24Feb 26

Launch Price

$569,900

$2,072/sq ft

Mar 26, 2024

Current Price

$599,900

$2,181/sq ft

▲$30,000 (+5.3%)

Comparable Listings Nearby

Beta

Similar Studio condo units nearby

For Sale6 listings
6472 Rama Road, Unit 201For SaleGood Match

$469,000

6472 Rama Road, Unit 201

Studio1 Bath0-499 sqft
113.9 km·96d on mkt
For SaleStrong Match

$399,000

215 Queen Street W, Unit 712

Studio1 Bath0-499 sqft
0.2 km·6d on mkt
215 Queen Street W, Unit 1907For SaleStrong Match

$378,000

215 Queen Street W, Unit 1907

Studio1 Bath0-499 sqft
0.2 km·Built 2018·52d on mkt
215 Queen Street W, Unit 1016For SaleStrong Match

$349,000

215 Queen Street W, Unit 1016

Studio1 Bath0-499 sqft
0.2 km·36d on mkt
215 Queen Street W, Unit 1612For SaleGood Match

$408,999

215 Queen Street W, Unit 1612

Studio1 Bath0-499 sqft
0.2 km·Built 2018·136d on mkt
215 Queen Street W, Unit 1810For SaleGood Match

$439,000

215 Queen Street W, Unit 1810

Studio1 Bath0-499 sqft
0.2 km·177d on mkt
For Rent4 listings
215 Queen Street W, Unit 1307For LeaseStrong Match

$1,800/mo

215 Queen Street W, Unit 1307

Studio1 Bath0-499 sqft
0.2 km·7d on mkt
99 John Street, Unit 207For LeaseStrong Match

$2,100/mo

99 John Street, Unit 207

Studio1 Bath0-499 sqft
0.1 km·8d on mkt
215 Queen Street W, Unit 1703For LeaseStrong Match

$1,800/mo

215 Queen Street W, Unit 1703

Studio1 Bath0-499 sqft
0.2 km·6d on mkt
215 Queen Street W, Unit 2507For LeaseStrong Match

$1,800/mo

215 Queen Street W, Unit 2507

Studio1 Bath0-499 sqft
0.2 km·27d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $599,900

(15% + 5%) $10,000.00 On Signing Balance to 5% - 30 days 5% - 180 days 2.5% - 720 days 2.5% - 1200 days 5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$10,000.00 On Signing$10,000.00$10,000$10,000On Signing
Balance to 5% - 30 daysBalance to 5%$19,995$29,995May 19, 2026
5% - 180 days5%$29,995$59,990Oct 16, 2026
2.5% - 720 days2.5%$14,998$74,988Apr 8, 2028
2.5% - 1200 days2.5%$14,998$89,985Aug 1, 2029
5% - Occupancy5%$29,995$119,980At Occupancy
Total Deposit20.0%$119,980

275 sq ft × $0.87/sq ft = $239/mo

Monthly Mortgage (P&I)$2,544
Property Tax (est.)$325
Maintenance Fees$239
Total Monthly Cost$3,108
Est. Rental IncomeBeta−$1,900
Net Monthly Cost−$1,208

Down payment: $119,980 (20%) · Mortgage: $479,920

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
Developer Price$599,900
Est. Resale$370,000
Market vs Developer-38%(below)
$/sqft $2,181→$1,338

Active MLS Listings — Same Unit Type

6472 Rama Road, Unit 201Sale

$469,000

6472 Rama Road, Unit 201

Studio96d on mkt

Building Market

For Sale
$1,876/sqft
1on MLS
96 avg DOM
$469K
Developer
$2,326/sqft
22available
$600K–$13.2M

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