$1,988,888

For sale

40 Bellevue Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

40 Bellevue Avenue, Toronto (Kensington-Chinatown), Ontario, M5T2N4

6 beds3 baths4 parking2,250 ft²22 × 149 ft (3,225 sq ft) lot sizeListed 62 days ago

Overview

This 6-bedroom, 3-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 62 days, fresher than the Toronto average of 81 days.

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Description

Welcome To Your Home. Step Into a Piece of Toronto's History With This Large Five Bedroom Semi-Detached Two Storey Home. Perfectly Situated In The Vibrant and Eclectic Neighborhoods of Kensington Market and Chinatown. This Home Offers 2288 Square Feet of Above Ground Living Space. A One Car Garage, With Double Private Driveway. For A Total Of Four Parking Spaces, Something Rare In Downtown Toronto. Ideal For a Large Family or as an Income-Generating Property. Basement Boasts Separate Multiple Entrances and Backyard Walk-Out Through The Kitchen. Prime Location Steps To Kensington Market, Chinatown, U of T, Hospitals, Trendy Cafes, And Public Transit. Investment Potential A Rare Find With Significant Rental Income Opportunities in One of Toronto's Most Sought-After Neighborhoods. (id:66096)

Property Details

MLS®: C13743164
Property Type: Single Family
Zoning: Residential
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 3
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 22 × 149 ft (3,225 sq ft)
Frontage: 22 ft
Storeys: 2
Basement: Separate entrance, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Property Tax: $9,088/yr
Listed

Rooms

Main level

Kitchen: 4.88 x 4.15 meters
Dining room: 3.05 x 3.82 meters
Living room: 6.55 x 4.88 meters
Family room: 6.55 x 4.88 meters
Bedroom 5: 3.66 x 2.75 meters
Bathroom: 2.75 x 1.25 meters
Solarium: 4.88 x 2.45 meters

Second level

Bedroom 4: 4.88 x 3.05 meters
Bathroom: 2.15 x 1.75 meters
Bedroom: 5.95 x 3.66 meters

Features

Flooring: Tile, Hardwood, Parquet, Carpeted
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$884

List price

$1.99M

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 6-bed single family in Toronto (Kensington-Chinatown) has been listed for 62 days, which is 19 days fresher than the city average of 81. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · CARLOS NUNES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $1,988,888, about 32.3× the local median household income of $61,600.

Carrying it typically needs a household income of about $388,499 (20% down, 25-yr amortization, stress-tested) — roughly 531% 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)

$1,988,888· $884/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $397,777.60

Min 20%50%

Mortgage payment$8,482/mo

Property tax (est.)$757/mo

Total monthly$9,239

Cash Needed to Close

Down payment (20%)$397,778

Land transfer tax$72,506

Est. closing costs$8,467

Total cash needed$478,750

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