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    Toronto / Scarborough / Dorset Park - Scarborough

    1316 - 8 Mondeo Dr

    For SaleMondeo Springs Condos
    $675,000
    Price Increase: $639,999
    2 Beds
    2 Bath
    1 Parking
    924 SQFT
    94 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $691/mth
    Taxes:
    $2,275 (2024)
    Cost Per Sqft:
    $731/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North East
    Possession Date:
    July 24, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Balcony, Combined with Dining, Laminate
    11.16 x 9.35ft
    Dining
    Balcony, Combined with Living, Laminate
    11.16 x 9.35ft
    Prim Bdrm
    3 Piece Ensuite, Walk-in Closet
    11.98 x 8.69ft

    About this Listing

    Elevate Your Horizon at Mondeo Springs Corner Unit Condo by Tridel, located in the vibrant Dorset Park community. This prime corner unit condo boasts panoramic views with every window a visual spectacle. Enjoy unmatched privacy, abundant natural light, and a spacious layout. The expansive balcony is your perfect retreat, offering breathtaking scenery in a tranquil setting. Ideal for those who cherish peaceful living and impressive views. This inviting 2 bedroom, 2 bath condo with an ensuite laundry, boasts a spacious interior with a sleek, modern kitchen outfitted with quartz countertops and high-end stainless-steel appliances. Conveniently located near public transit, parks, schools, plazas, Kennedy Commons, Park Way Mall, Costco, Home Depot, Scarborough town centers and key highways (401, 404, DVP). Amenities include a gym, pool, billiards, theater, basketball court, BBQ area, guest suites, 24-hour concierge & more. All utilities included in maintenance fees: Heat, Hydro & Water!

    ExtrasS/S Fridge, S/S Dishwasher, S/S Oven, Washer/Dryer, All ELFs.

    royal star realty inc.MLS® #E8451754

    Amenities

    Media Room
    Squash Court
    Indoor Pool
    Guest Suites
    Visitor Parking
    Party Room

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    6/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    4/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,486
    Average Individual Income
    $55,700
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $97,273
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    27%
    35 - 49
    19%
    50 - 64
    20%
    65+
    16%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    27%
    $60,000+
    13%
    $90,000+
    6%
    $125,000+
    2%
    Housing Types & Tenancy
    High Rise Apartment
    33%
    Detached
    25%
    Semi Detached
    22%
    Low Rise Apartment
    10%
    Duplex
    8%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    55%
    Cantonese
    12%
    Other
    12%
    Mandarin
    10%
    Tamil
    5%
    Tagalog
    3%
    Urdu
    2%
    Gujarati
    1%
    Education
    University and Above
    33%
    High School
    25%
    None
    17%
    College
    16%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    9%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Mondeo Springs Condos vs The Dorset Park - Scarborough Area

    Building Trends At Mondeo Springs Condos

    Days on Strata

    Units at Mondeo Springs Condos spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Dorset Park - Scarborough

    Turnover of Units

    On average, each unit is owned for
    5
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 28 condos in the Dorset Park - Scarborough area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    Mondeo Springs Condos offers the
    ?
    best value out of 28 condos in the Dorset Park - Scarborough neighbourhood

    Appreciation Rank

    Mondeo Springs Condos has the
    ?
    highest ROI out of 28 condos in the Dorset Park - Scarborough neighbourhood

    Rental Yield

    Mondeo Springs Condos yields the
    ?
    highest rent prices out of 28 condos in the Dorset Park - Scarborough neighbourhood

    High Demand

    Mondeo Springs Condos is the
    ?
    most popular building out of 28 condos in the Dorset Park - Scarborough neighbourhood

    Transaction Insights at 8 Mondeo Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$500,000 - $595,888$559,000 - $560,000$600,000 - $670,000$622,500 - $665,000
    Avg. Cost Per Sqft$792$826$695$663
    Avg. Wait for Unit Availability73 Days77 Days61 Days152 Days
    Ratio of Units in Building29%29%26%18%

    Transactions vs Inventory

    Total number of units listed and sold in Dorset Park - Scarborough