$649,000

$699,000For salePrice drop↓ $50,000 (7%)

18 1/2 Bellevue Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

18 1/2 Bellevue Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2N4

5 beds2 baths0 parking1,750 ft²17 × 71 ft (1,226 sq ft) lot sizeListed 56 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 56 days, fresher than the Toronto average of 81 days.

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Description

KENSINGTON MARKET GEM WITH UNLIMITED POTENTIAL! Tucked away just behind the vibrant streetscape of Bellevue Ave, 18 1/2 Bellevue Ave offers a truly unique opportunity in one of Toronto's most eclectic and sought-after neighbourhoods. This distinctive property requires extensive renovation and is being offered as a rare blank canvas for those with vision. Transform it into a one-of-a-kind urban residence, creative retreat, art or music studio, or an inspiring live/work space. Immerse yourself in the unmistakable character of Kensington Market, surrounded by colourful murals, independent shops, vintage finds, cafés, restaurants, galleries and a vibrant arts and music scene. Pedestrian-friendly streets and an exceptionally central location put Chinatown, Queen's Park, University of Toronto, the Art Gallery of Ontario and Downtown Toronto all within easy walking distance. A truly unconventional property in an extraordinary neighbourhood where creativity knows no boundaries. The potential is unlimited for the buyer with vision. Property is being sold strictly WHERE IS, AS IS, with no representations or warranties regarding condition or future use. Buyers to conduct their own due diligence regarding renovations, zoning, permits and intended use. Location is One of Canada's most wanted neighborhood to stay in AIRBNB....(TORONTO STAR) (id:66096)

Property Details

MLS®: C13761660
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 17 × 71 ft (1,226 sq ft)
Frontage: 17 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $6,067.57/yr
Listed: 56 days ago

Rooms

Main level

Living room: 1.97 x 4.36 meters
Dining room: 3.36 x 3.7 meters
Bedroom: 3 x 4.2 meters
Sunroom: 4.5 x 1.7 meters

Second level

Bedroom: 3.7 x 2.5 meters
Bedroom: 4.45 x 3.25 meters
Bedroom: 3.37 x 3.1 meters

Basement

Kitchen: 5.75 x 3.1 meters
Utility room: 4.3 x 2.8 meters

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

Features

Appliances: Refrigerator, Stove
Flooring: Hardwood, Laminate, Ceramic
Foundation: Block, Unknown
Exterior: Concrete, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

56d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$371

List price

$649K

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 5-bed single family in Toronto (Kensington-Chinatown) has been listed for 56 days, which is 25 days fresher than the city average of 81. Act while there is still low competition.

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Listed by SUTTON GROUP-ASSOCIATES REALTY INC. · JOSEPHINE WITTERSHEIM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $649,000, about 10.5× the local median household income of $61,600.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 106% 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)

$649,000· $371/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$506/mo

Total monthly$3,883

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$18,910

Est. closing costs$4,447

Total cash needed$63,257

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