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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/Connectt 2 Condos/1A+D-A

1A+D-A

Available3 rental

$672,990

$1,195/sq ft · Resale avg $768/sqft

2 Bed·1.5 Bath·563 sq ft·East·$1,195/sq ft

Bedrooms

2 Bed

Bathrooms

1.5

Size

563 sq ft

Exposure

East

Prev: 1G-BF-A3 / 3
1A+D-A Floor Plan at Connectt 2 Condos - 563 sq.ft
Click to enlarge

Floor Range: 5-25 | Unit Number: 05

Price History

$612K$627K$642K$658K$673KJan 22Jul 22

Launch Price

$611,990

$1,087/sq ft

Jan 14, 2022

Current Price

$672,990

$1,195/sq ft

▲$61,000 (+10.0%)
DatePricePrice / Sq Ft
Jan 14, 2022$611,990$1,087/sq ft
Jul 14, 2022$672,990
▲ $61,000
$1,195/sq ft
▲ $108/sqft

Comparable Listings Nearby

Beta

Similar 2 Bed condo units nearby

For Sale5 listings
8010 Derry Road, Unit 701For SaleStrong Match

$589,000

8010 Derry Road, Unit 701

2 Bed2 Bath700-799 sqft
0.2 km·Built 2023·17d on mkt
8010 Derry Road, Unit 1402For SaleGood Match

$579,990

8010 Derry Road, Unit 1402

2 Bed2 Bath900-999 sqft
0.2 km·Built 2023·28d on mkt
8010 Derry Road W, Unit 1605For SaleGood Match

$629,900

8010 Derry Road W, Unit 1605

2 Bed2 Bath800-899 sqft
0.2 km·8d on mkt
8010 Derry Road W, Unit 503For SaleGood Match

$609,900

8010 Derry Road W, Unit 503

2 Bed2 Bath900-999 sqft
0.2 km·Built 2023·17d on mkt
8010 Derry Road W, Unit 1002For SaleFair Match

$799,000

8010 Derry Road W, Unit 1002

2 Bed2 Bath900-999 sqft
0.2 km·132d on mkt
For Rent6 listings
8020 DERRY Road, Unit 1502For LeaseStrong Match

$2,600/mo

8020 DERRY Road, Unit 1502

2 Bed2 Bath900-999 sqft
0.2 km·6d on mkt
8020 Derry Road, Unit 1909For LeaseStrong Match

$2,500/mo

8020 Derry Road, Unit 1909

2 Bed2 Bath700-799 sqft
0.2 km·10d on mkt
8020 Derry Road, Unit 2009For LeaseStrong Match

$2,350/mo

8020 Derry Road, Unit 2009

2 Bed2 Bath700-799 sqft
0.2 km·18d on mkt
8020 Derry Road, Unit 2308For LeaseStrong Match

$2,600/mo

8020 Derry Road, Unit 2308

2 Bed2 Bath900-999 sqft
0.2 km·8d on mkt
8020 Derry Road, Unit 203For LeaseGood Match

$2,499/mo

8020 Derry Road, Unit 203

2 Bed2 Bath800-899 sqft
0.2 km·7d on mkt
8020 Derry Road, Unit 2003For LeaseGood Match

$2,600/mo

8020 Derry Road, Unit 2003

2 Bed2 Bath800-899 sqft
0.2 km·13d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $672,990

(17.5% + 2.5%) $5,000.00 On Signing Balance to 5% - Aug 6, 2022 2.5% - Oct 15, 2022 2.5% - Dec 15, 2022 2.5% - Feb 15, 2023 2.5% - Sep 15, 2023 2.5% - Nov 15, 2023 2.5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 5% - Aug 6, 2022Balance to 5%$28,650$33,650Dec 15, 57388
2.5% - Oct 15, 20222.5%$16,825$50,474Jul 12, 57389
2.5% - Dec 15, 20222.5%$16,825$67,299Jan 28, 57390
2.5% - Feb 15, 20232.5%$16,825$84,124Sep 20, 57414
2.5% - Sep 15, 20232.5%$16,825$100,949Aug 20, 57416
2.5% - Nov 15, 20232.5%$16,825$117,773Mar 8, 57417
2.5% - Occupancy2.5%$16,825$134,598At Occupancy
Total Deposit20.0%$134,598

563 sq ft × $0.61/sq ft = $343/mo

Monthly Mortgage (P&I)$2,854
Property Tax (est.)$365
Maintenance Fees$343
Total Monthly Cost$3,561
Est. Rental IncomeBeta−$1,800
Net Monthly Cost−$1,761

Down payment: $134,598 (20%) · Mortgage: $538,392

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 (3)$1,800/mo
Est. Gross Yield3.2%

Active MLS Listings — Same Unit Type

8020 DERRY Road, Unit 1105Lease

$1,950/mo

8020 DERRY Road, Unit 1105

1 Bed12d on mkt
8020 Derry Road, Unit 605Lease

$1,999/mo

8020 Derry Road, Unit 605

1 Bed13d on mkt
8020 Derry Road, Unit 2305Lease

$2,200/mo

8020 Derry Road, Unit 2305

1 Bed9d on mkt

Building Market

For Sale
$768/sqft
1on MLS
15 avg DOM
$499K
Developer
$1,063/sqft
11available
$644K–$860K
For Rent
$3.21/sqft
49on MLS
14 avg DOM
$2K–$3K

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