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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/The Residences at Central Park Condos/The Teak

The Teak

Available

$2,978,000

$1,894/sq ft

3 Bed + Den·2.5 Bath·1572 sq ft·South East·$1,894/sq ft

Bedrooms

3 Bed + Den

Bathrooms

2.5

Size

1572 sq ft

Exposure

South East

1 / 3Next: The Rosewood
The Teak Floor Plan at The Residences at Central Park Condos - 1572 sq.ft
Click to enlarge

Floor Range: 33 | Unit Number: 01

Price History

$2.8M$2.9M$2.9M$2.9M$3.0MMay 22Feb 23Dec 24

Launch Price

$2,818,000

$1,793/sq ft

May 15, 2022

Current Price

$2,978,000

$1,894/sq ft

▲$160,000 (+5.7%)

Comparable Listings Nearby

Beta

Similar 3 Bed + Den condo units nearby

For Sale3 listings
25 ADRA GRADO Way, Unit 820For SaleGood Match

$2,288,800

25 ADRA GRADO Way, Unit 820

3 Bed + Den3 Bath1800-1999 sqft
0.6 km·Built 2023·11d on mkt
25 Adra Grado Way, Unit 1519For SaleGood Match

$1,629,900

25 Adra Grado Way, Unit 1519

3 Bed3 Bath1400-1599 sqft
0.5 km·Built 2023·19d on mkt
121 Mcmahon Drive, Unit TH15For SaleGood Match

$999,900

121 Mcmahon Drive, Unit TH15

3 Bed4 Bath1400-1599 sqft
0.7 km·Built 2018·44d on mkt
For Rent4 listings
25 Adra Grado Way, Unit 1119For LeaseGood Match

$4,850/mo

25 Adra Grado Way, Unit 1119

3 Bed3 Bath1600-1799 sqft
0.5 km·13d on mkt
121 Mcmahon Drive, Unit Th15For LeaseGood Match

$4,600/mo

121 Mcmahon Drive, Unit Th15

3 Bed4 Bath1400-1599 sqft
0.7 km·23d on mkt
121 Mcmahon Drive, Unit Th11For LeaseGood Match

$4,500/mo

121 Mcmahon Drive, Unit Th11

3 Bed4 Bath1400-1599 sqft
0.7 km·Built 2018·20d on mkt
25 Adra Grado Way, Unit 635For LeaseGood Match

$5,500/mo

25 Adra Grado Way, Unit 635

3 Bed4 Bath1800-1999 sqft
0.6 km·4d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $2,978,000

(20%) $5,000.00 On Signing Balance to 2.5% - 15 days 2.5% - 30 days 5% - 120 days 5% - 365 days 5% - 540 days

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 2.5% - 15 daysBalance to 2.5%$69,450$74,450May 5, 2026
2.5% - 30 days2.5%$74,450$148,900May 20, 2026
5% - 120 days5%$148,900$297,800Aug 18, 2026
5% - 365 days5%$148,900$446,700Apr 20, 2027
5% - 540 days5%$148,900$595,600Oct 12, 2027
Total Deposit20.0%$595,600

1,572 sq ft × $0.67/sq ft = $1,053/mo

Add-ons

Monthly Mortgage (P&I)$12,628
Property Tax (est.)$1,613
Maintenance Fees$1,053
Total Monthly Cost$15,294
Est. Rental IncomeBeta−$4,650
Net Monthly Cost−$10,644

Down payment: $595,600 (20%) · Mortgage: $2,382,400

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).

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