$1,238,000

For sale

64 Wales Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

64 Wales Avenue, Toronto (Kensington-Chinatown), Ontario, M5T1J4

4 beds2 baths0 parking1,300 ft²15 × 58 ft (863 sq ft) lot sizeListed 26 days ago

Overview

This 4-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $1,238,000, it is attractively priced about 17% below the $1,499,000 median asking price in Toronto. It has been on the market 26 days, fresher than the Toronto average of 81 days.

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Description

Welcome to this fully renovated $$$ and move-in-ready home in the heart of Kensington Market, one of Toronto's most vibrant and charming downtown communities. Extensively upgraded with significant investment throughout, this warm and inviting 3bedroom home offers the perfect blend of modern comfort and urban convenience.The main and second floors feature new natural wood-tone hardwood flooring, while the finished basement has been updated with new vinyl flooring. The home also offers new kitchen appliances, a roof replaced in 2024, and newly completed stonework in both the front and backyard. The bright open-concept layout, custom oak details, large windows and private cedar deck create a comfortable and welcoming space ideal for everyday family living.Steps to Kensington Market, Chinatown, Alexandra Park, TTC, groceries, cafes, restaurants and hospitals, with easy access to U of T, OCAD and the downtown core. A wonderful turnkey home, perfectly suited for a small family looking to enjoy a warm, stylish home in a truly walkable and established neighbourhood. (id:66096)

Property Details

MLS®: C13881280
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 15 × 58 ft (863 sq ft)
Frontage: 15 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $5,558/yr
Listed: 26 days ago

Rooms

Main level

Living room: 3.99 x 2.86 meters
Dining room: 4.63 x 3.17 meters
Kitchen: 3.99 x 2.86 meters

Second level

Bedroom 2: 3.99 x 2.41 meters
Primary Bedroom: 3.99 x 3.68 meters
Bedroom 3: 3.05 x 2.56 meters

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

Features

Appliances: Washer, Dishwasher, Stove, Dryer, Microwave
Flooring: Hardwood
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

26d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$952

List price

$1.24M

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 4-bed single family in Toronto (Kensington-Chinatown) has been listed for 26 days, which is 55 days fresher than the city average of 81. Act while there is still low competition.

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Listed by HC REALTY GROUP INC. · ELLA ZHUANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $1,238,000, about 20.1× the local median household income of $61,600.

Carrying it typically needs a household income of about $241,825 (20% down, 25-yr amortization, stress-tested) — roughly 293% 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)

$1,238,000· $952/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.98% · $98,800

Min 7.98%50%

Mortgage payment$6,316/mo

↳ CMHC premium ($45,568 capitalized)

Property tax (est.)$463/mo

Total monthly$6,779

Cash Needed to Close

Down payment (7.98%)$98,800

Land transfer tax$42,470

Est. closing costs$6,214

Total cash needed$147,484

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