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Unit 306, 1387 Bayview Avenue, Leaside M4G 3A5

Price

$425,000

Bedrooms

1 Beds

Bathrooms

1 Baths

Size

700-799 sqft

Year Built

16-30

Property Type

Condo

Property Taxes

$1690.08

Explore A Virtual Tour

Description

Welcome to SAHIL (Stay At Home In Leaside). Completed in 1999, this unique boutique building with only 18 units is a Life Lease (also known as a Life Tenure) for retiring seniors. Buyers must be over 60 years of age and looking for a peaceful building. Exceptional 1+1 unit, South facing with a walkout to a private terrace. Move right into this lovely unit and enjoy a quiet lifestyle surrounded by exceptional like-minded neighbours. The kitchen boasts lots of cupboard space and a large pantry. The main living area is open concept with tons of natural light throughout and access to the terrace with a view of the Leaside homes & rooftops. The laundry room is a good size and serves as a small storage room in the unit in addition to a separate locker. The primary bdrm boasts a very large double sliding door closet & a large south facing window. The den is a great at home office space or hobby room. And there's a linen closet too. The 4 PC bathroom has a walk-in shower stall separate from the tub for your convenience. The amenities include a lounge room, an outdoor patio, communal BBQ, craftroom/workshop, TV. SAHIL is a short walk to Bayview cafes, restaurants, shops and day to day services with a TTC bus stop conveniently located at the door. NOTE: Land Transfer Tax does not apply to Life Leases which is a substantial savings. Life Lease is home ownership where a corporation owns the apartment units but leases them for the lifetime of the Buyer. Buyers purchase the right to occupy the unit until they sell. Buyer pays a monthly fee (much lower than a condo) to the corporation. This unit is well below market value and is a great deal!

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$0 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$340,000

Total Interest Payments

$209,631

Total Payment (Principal + Interest)

$549,631

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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