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$445,000
Solara Condominiums · 1600 Keele Street · Toronto · Ontario M6N 5J1
136 days on market
Welcome to Unit 502 at Solara Condominiums. This bright and spacious 720 sq. ft. two-bedroom suite offers the perfectblend of comfort and convenience, complete with parking, a locker, and a private balcony.Featuring a functional open-concept layout, large windows that fill the space with natural light, and fresh paintthroughout, this move-in-ready home is ideal for first-time buyers, downsizers, or investors.Residents enjoy excellent building amenities, including a beaulifully landscaped garden,…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
↓ $55KPrice reduction
MLS shows the seller reduced the asking price by $54,900 (from $499,900 to $445,000).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: REMAX YOUR COMMUNITY REALTY
Source: TRREB/PROPTX · MLS® W13419712
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $20,258 | $1,688/mo |
| Government & taxes | ||
| Property tax | $1,765 | $147/mo |
| Land transfer tax(closing) | $5,375 | $448/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,450 | $371/mo |
| Condo fees | ||
| Condo / HOA fees | $8,454 | $705/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $50,962 | $4,247/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.