$409,000

For sale

150 Beverley Street, Toronto (Kensington-Chinatown) - Single Family for Sale

150 Beverley Street, Toronto (Kensington-Chinatown), Ontario, M5T1Y5

1 bed1 bath1 parking550 ft²$993/mo condo feeListed 57 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $409,000, it is attractively priced about 39% below the $675,000 median asking price in Toronto. It has been on the market 57 days, fresher than the Toronto average of 81 days.

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Description

Greatly reduced price! This is the unique opportunity you have been waiting for, do not miss it. Best price for a one bedroom unit with the full package in the University of Toronto neighbourhood. Price includes underground parking spot and locker! Opportunity to live in a boutique condo building in a fantastic central location, steps to University of Toronto campus and the Art Gallery of Ontario. This spacious and functional layout 1 bedroom unit offers tremendous value with generous living space. Ensuite laundry included. This is a Vacant empty unit (never tenanted) and in good condition to move right in. Floors recently refinished and the unit freshly painted. This is a very peaceful and quiet building. Perfect for first time buyers, investors or as a pied-à-terre in the city. So central but with a neighbourhood feel close to Chinatown, Queen Street's trendy shops, Kensington Market, Baldwin Village and Grange Park. The big downtown hospitals are within walking distance as is the financial core. Extremely convenient location with 100 walk score and 99 transit score. (id:66096)

Property Details

MLS®: C13764812
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $993/mo
Fee Includes: Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,079.41/yr
Listed: 57 days ago

Rooms

Flat

Living room: 6.28 x 3.28 meters
Dining room: 6.28 x 3.28 meters
Kitchen: 3.45 x 2.21 meters
Bedroom: 3.31 x 3.33 meters
Laundry room: 1.84 x 1.44 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer
Flooring: Parquet, Ceramic
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$744

List price

$409K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Toronto (Kensington-Chinatown) has been listed for 57 days, which is 24 days fresher than the city average of 81. Act while there is still low competition.

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Listed by WRIGHT REAL ESTATE LTD. · SIMON WRIGHT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $409,000, about 6.6× the local median household income of $61,600.

Carrying it typically needs a household income of about $79,892 (20% down, 25-yr amortization, stress-tested) — roughly 30% above the area median.

Median household income: $61,600
Population: 17,903
Median age: 36
Owner / renter: 32% / 68%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M5T)

$409,000· $744/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,450

Min 5%50%

Mortgage payment$2,154/mo

↳ CMHC premium ($15,542 capitalized)

Property tax (est.)$173/mo

Condo fee$993/mo

Total monthly$3,321

Cash Needed to Close

Down payment (5%)$20,450

Land transfer tax$9,310

Est. closing costs$3,727

Total cash needed$33,487

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