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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/Eight Forty Condos/The Somerset

The Somerset

Available

$1,299,900

$1,092/sq ft · Resale avg $1,004/sqft

3 Bed·2.0 Bath·1190 sq ft·South·$1,092/sq ft

Bedrooms

3 Bed

Bathrooms

2.0

Size

1190 sq ft

Exposure

South

Prev: The Kenwood3 / 3
The Somerset Floor Plan at Eight Forty Condos - 1190 sq.ft
Click to enlarge

Floor Range: 7

Price History

$1.3M$1.4M$1.4M$1.5M$1.6MAug 23Apr 24Oct 24

Launch Price

$1,579,900

$1,328/sq ft

Aug 30, 2023

Current Price

$1,299,900

$1,092/sq ft

▼$280,000 (-17.7%)

Comparable Listings Nearby

Beta

Similar 3 Bed condo units nearby

For Sale1 listing
840 St Clair Avenue W, Unit 711For SaleStrong Match

$889,990

840 St Clair Avenue W, Unit 711

3 Bed2 Bath1000-1199 sqft
<0.1 km·5d on mkt
For Rent6 listings
185 Alberta Avenue, Unit 906For LeaseStrong Match

$3,850/mo

185 Alberta Avenue, Unit 906

3 Bed2 Bath1200-1399 sqft
0.2 km·27d on mkt
840 St. Clair Avenue W, Unit 901For LeaseStrong Match

$4,500/mo

840 St. Clair Avenue W, Unit 901

3 Bed2 Bath1000-1199 sqft
<0.1 km·Built 2023·51d on mkt
840 St. Clair Avenue W, Unit 901For LeaseStrong Match

$5,150/mo

840 St. Clair Avenue W, Unit 901

3 Bed2 Bath1000-1199 sqft
<0.1 km·45d on mkt
185 Alberta Avenue, Unit 501For LeaseStrong Match

$3,950/mo

185 Alberta Avenue, Unit 501

3 Bed2 Bath1000-1199 sqft
0.2 km·6d on mkt
229 Winona Drive, Unit UpperFor LeaseStrong Match

$2,950/mo

229 Winona Drive, Unit Upper

3 Bed1 Bath700-1100 sqft
0.1 km·16d on mkt
185 Alberta Avenue, Unit 1201For LeaseGood Match

$4,000/mo

185 Alberta Avenue, Unit 1201

3 Bed2 Bath1200-1399 sqft
0.2 km·12d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $1,299,900

(5%) 5% On Signing

MilestoneRateAmountCumulativeDue Date
5% On Signing5%$64,995$64,995On Signing
Total Deposit5.0%$64,995

1,190 sq ft × $0.69/sq ft = $821/mo

Monthly Mortgage (P&I)$5,512
Property Tax (est.)$704
Maintenance Fees$821
Total Monthly Cost$7,037
Est. Rental IncomeBeta−$3,800
Net Monthly Cost−$3,237

Down payment: $259,980 (20%) · Mortgage: $1,039,920

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).

Building Market

For Sale
$1,004/sqft
2on MLS
50 avg DOM
$657K–$718K
Developer
$1,084/sqft
3available
$800K–$1.4M
For Rent
$3.96/sqft
2on MLS
52 avg DOM
$3K–$3K

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