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              #1601 7 Bishop Avenue

              near Yonge/Finch
              $599,000 2+1bdr • 2ba • 1kit • 1000-1199sf
              Average Income
              $48,368
              Population Age
              39 y/old
              School Score
              8.47/10
              Price Index Change 1y
              +13.61%
              Price Index Change 3y
              -9.84%
              Rent Index Change 1y
              -1.94%
              Rent Index Change 3y
              +16.74%

              Condo Apt • Apartment #1601 • 15 Level

              #1601 7 Bishop Avenue, Newtonbrook East, Toronto
              • Rooms and Bathrooms 2+1 bedr, 2 bath
              • Kitchens 1
              • area 1000-1199
              • garage 1.0 Undergrnd
              • exposure Sw
              • age 31-50
              • locker Owned
              • possession

                Negotiable

              $599,000

              $2,128.95
              Tax yr: 2020

              $965.83/m

              CALCULATED NUMBERS:

              $2248.00

              calculator

              $2743

              3

              8.47/10

              Location Details
              • Toronto

              • Toronto

              • Newtonbrook East

              • Yonge/Finch

              • M2M4J4

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              FSBO REAL ESTATE, INC., BROKERAGE

              Property Overview
              Your Search Is Over! Spacious 2+1 Unit In A Luxurious Condo Building. Tastefully Renovated Top-To-Bottom, Sw Corner Unit W/Solarium On Top Floor. Premium Exposure! Wide Plank Engineered Hardwood Throughout, Chef's Kitchen Complete W/Granite Counters Throughout, Back Splash, Organized Custom Closets, White Hued Bathroom W/Stone Counters, Ensuite Laundry, New Fan Coils (2), Parking Close To Entrance/Exit, Direct Access To Subway & Ttc, 24Hr. Security
              Extras: For More Information About This Mls? Listing, Please Click The "View Listing On Realtor Website" Link, Or The "Brochure" Button Below. If You Are On The Realtor App, Please Click The "More Information" Button.
              Property Features
              • Bike Storage
              • Gym
              • Indoor Pool
              • Party/Meeting Room
              • Security Guard
              • Visitor Parking
              • Common Elements Included
              • Ensuite Laundry
              • Heat Included
              • Hydro Included
              • Building Insurance Included
              • Parking Included
              • Seller Property Info Statement
              • Water Included
              • CAC Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Family Room
              • Cable TV Included
              Rooms details
              Basement
              • None
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              • Listing added to site: 2020-10-17 15:33:03
              • Last updated: 2020-10-20 17:13:02
              • Photos updated: 2020-10-20
              • Contract date: 2020-10-17
              • Input date: 2020-10-17
              • Expiry date: 2021-10-15
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Listing Overview

              General:

              1601 7 Bishop Avenue is a condo apt apartment, located in Newtonbrook East of city of Toronto, Toronto region, near Yonge/Finch, and has been available for sale on CondosDirect since 2020-10-17. This unit is located at level 15 of the building and has South-West exposure of Bishop Ave. Condo registry office is 80, corporation number 878.

              Lot Size and Living Area:

              1601 7 Bishop Avenue has 7+0 rooms in total, including 2+1 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living area of this condo unit is within the range of 1000-1199 square feet. 7 Bishop Avenue building was built appriximately 31-50 years ago.
              1.0 parking space(s) are owned and located undergrnd at level B . The locker is owned. An ensuite laundry is available at the unit.

              Heating and Cooling:

              The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

              Listing Features:


              AIDA has also identified the following listing features: Modern/Renovated/Well Maintained.

              Price & Cost Overview

              General:

              1601 7 Bishop Avenue condo apt is listed for $599,000. Property tax for year 2020 was $2,129. And the monthly maintenance fee was $966.

              Comparative Market Analysis:

              There are similar 2+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $595,530.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,248, and total expenses, including the mortgage, property tax and maintenance, fee around $2,506, assuming $599,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 1601 7 Bishop Avenue, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Newtonbrook East, where 7 Bishop Avenue is located, has $1,158,437 Home Price Index, and $2,476 Home Rent Index. Average household income at dissemination area of 7 Bishop Avenue is $48,368, and average polulation age is 39 years old.
              Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,051,193, and average Home Rent Index $2,581.

              Similar Properties & Community Details:

              There are similar to 1601 7 Bishop Avenue 2 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 7 Bishop Avenue.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Newtonbrook East neighborhood in city of Toronto.

              Schools:

              There are at least 3 school(s) located near 7 Bishop Avenue, or schools, which boundaries this address belongs to with an average School Score 8.47 out of 10. Here are more details about these schools:
              1. Finch Public School (Grades JK-05), Public, Elementary, ranked as Excellent.
              2. Cummer Valley Middle School (Grades 06-08), Public, Intermediate, ranked as Excellent.
              3. Earl Haig Secondary School (Grades 09-12), Public, Secondary, ranked as Excellent.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              1601 7 Bishop Avenue Listings History Powered by AIDA
              Newtonbrook East, Toronto Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Toronto Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (105 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 7 to 9 properties like that to be sold in Newtonbrook East during the next 30 days.
              Seasonal sales fluctuation is showing 23% inventory increase comparing to the average annual number, which is equvalent to 6.75 properties sold per month, and 43% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 9 days, which is 7 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
              Seasonal sales fluctuation is showing -16% D.O.M. decrease comparing to the average annual number, which is equvalent to 18 D.O.M., and 12% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price can it be sold?
              Similar properties currently sell very close to its asking price in Newtonbrook East.
              The selling to asking price ratio is growing in Newtonbrook East.
              This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4957721 Comparative Market Analysis
              1601 7 Bishop Avenue Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Newtonbrook East, Toronto, to the City of Toronto for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +13.61% comparig to the City of Toronto average of +6.15%

              Price Index 3y

              Price Index change was -9.84% comparig to the City of Toronto average of +6.955%

              Rent Index 1y

              Rent Index change was -1.94% comparig to the City of Toronto average of +1.195%

              Rent Index 3y

              Rent Index change was -9.84% comparig to the City of Toronto average of +6.955%

              Walkscore

              No sufficient data available

              Transitscore

              No sufficient data available

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 8.47 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

              Assuming Fixed Rate, Monthly Payments

              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

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              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

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