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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/Promenade Park Towers Condos/2B

2B

Available1 rental

$860,900

$1,019/sq ft · Resale avg $1,219/sqft

2 Bed·2.0 Bath·845 sq ft·North East·$1,019/sq ft

Bedrooms

2 Bed

Bathrooms

2.0

Size

845 sq ft

Exposure

North East

2B Floor Plan at Promenade Park Towers Condos - 845 sq.ft
Click to enlarge

Floor Range: 2-7 | Unit Number: 02

Price History

$663K$712K$762K$811K$861KOct 19Jan 20Feb 23

Launch Price

$662,900

$784/sq ft

Oct 10, 2019

Current Price

$860,900

$1,019/sq ft

▲$198,000 (+29.9%)

Comparable Listings Nearby

Beta

Similar 2 Bed condo units nearby

For Sale6 listings
50 Upper Mall Way, Unit 2311For SaleStrong Match

$699,000

50 Upper Mall Way, Unit 2311

2 Bed2 Bath800-899 sqft
<0.1 km·9d on mkt
30 Upper Mall Way, Unit 1002For SaleStrong Match

$749,000

30 Upper Mall Way, Unit 1002

2 Bed2 Bath800-899 sqft
0.2 km·Built 2023·40d on mkt
30 Upper Mall Way, Unit 1510For SaleStrong Match

$719,000

30 Upper Mall Way, Unit 1510

2 Bed2 Bath800-899 sqft
0.2 km·34d on mkt
50 Upper Mall Way, Unit B-2609For SaleStrong Match

$609,000

50 Upper Mall Way, Unit B-2609

2 Bed2 Bath600-699 sqft
<0.1 km·19d on mkt
30 Upper Mall Way, Unit 3010For SaleStrong Match

$798,000

30 Upper Mall Way, Unit 3010

2 Bed2 Bath800-899 sqft
0.1 km·29d on mkt
50 Upper Mall Way, Unit B-432For SaleGood Match

$868,000

50 Upper Mall Way, Unit B-432

2 Bed2 Bath800-899 sqft
0.1 km·139d on mkt
For Rent6 listings
50 Upper Mall Way, Unit 1811BFor LeaseStrong Match

$2,900/mo

50 Upper Mall Way, Unit 1811B

2 Bed2 Bath800-899 sqft
<0.1 km·23d on mkt
50 Upper Mall Way, Unit B632For LeaseStrong Match

$2,800/mo

50 Upper Mall Way, Unit B632

2 Bed2 Bath800-899 sqft
0.1 km·52d on mkt
50 Upper Mall Way, Unit 2711BFor LeaseStrong Match

$2,900/mo

50 Upper Mall Way, Unit 2711B

2 Bed2 Bath800-899 sqft
0.1 km·13d on mkt
50 Upper Mall Way, Unit 2411For LeaseStrong Match

$2,750/mo

50 Upper Mall Way, Unit 2411

2 Bed2 Bath800-899 sqft
0.1 km·5d on mkt
50 Upper Mall Way, Unit 2702BFor LeaseStrong Match

$2,800/mo

50 Upper Mall Way, Unit 2702B

2 Bed2 Bath800-899 sqft
0.1 km·3d on mkt
50 Upper Mall Way, Unit 2011BFor LeaseStrong Match

$2,800/mo

50 Upper Mall Way, Unit 2011B

2 Bed2 Bath800-899 sqft
0.1 km·7d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $860,900

(15% + 5%) $5,000.00 On Signing Balance to 5% - 30 days 2.5% - 90 days 2.5% - 180 days 5% - 370 days 5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 5% - 30 daysBalance to 5%$38,045$43,045May 20, 2026
2.5% - 90 days2.5%$21,523$64,568Jul 19, 2026
2.5% - 180 days2.5%$21,523$86,090Oct 17, 2026
5% - 370 days5%$43,045$129,135Apr 25, 2027
5% - Occupancy5%$43,045$172,180At Occupancy
Total Deposit20.0%$172,180

845 sq ft × $0.59/sq ft = $499/mo

Add-ons

Monthly Mortgage (P&I)$3,651
Property Tax (est.)$466
Maintenance Fees$499
Total Monthly Cost$4,616
Est. Rental IncomeBeta−$2,950
Net Monthly Cost−$1,666

Down payment: $172,180 (20%) · Mortgage: $688,720

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$2,950/mo
Est. Gross Yield4.1%

Active MLS Listings — Same Unit Type

50 Upper Mall Way, Unit 2711BLease

$2,900/mo

50 Upper Mall Way, Unit 2711B

2 Bed13d on mkt

Recently Sold — Same Unit Type

2 sold listings available

Sign in to view sold prices, dates, and trends

Building Market

For Sale
$1,219/sqft
2on MLS
60 avg DOM
$399K–$428K
Developer
$1,019/sqft
1available
$861K
For Rent
$3.72/sqft
380on MLS
19 avg DOM
$2K–$4K

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