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Home/Eight Forty Condos/The Somerset

The Somerset

Available

$1,299,900

$1,092/sq ft

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%)

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)$5,664
Property Tax (est.)$704
Maintenance Fees$821
Total Monthly Cost$7,189

Down payment: $259,980 (20.0%) · Mortgage: $1,039,920

Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Land transfer tax on this homeRent vs ownView more calculators →

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Building Market

For Sale
2on MLS
35 avg DOM
$589K–$629K
Developer
$1,084/sqft
3available
$800K–$1.4M
For Rent
1on MLS
1 avg DOM
$3K

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