$699,900

For sale

#1001 297 College Street, Toronto (Kensington-Chinatown), Ontario, M5T1S2

3 bd2 ba1 pk850 ft²+$890/mo

Listed by RE/MAX EXCEL REALTY LTD.

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Investment analysis

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$699,900

Toronto

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#1001 297 College Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#1001 297 College Street, Toronto (Kensington-Chinatown), Ontario, M5T1S2

3 beds2 baths1 parking850 ft²$890/mo condo feeListed 28 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Its $699,900 asking price sits right in line with the $675,000 median in Toronto. It has been on the market 28 days, fresher than the Toronto average of 81 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Presenting an exceptional 3-bedroom, 2-bathroom residence in the heart of downtown Toronto. Inside: an open-concept plan with 11-ft ceilings and floor-to-ceiling windows, freshly painted with laminate floors, granite counters and backsplash. Step out to the oversized balcony with BBQ gas hook-up. Outside: you're between Kensington Market and Chinatown, minutes to U of T, hospitals, the library and the TTC streetcar - cafés, restaurants, boutiques and culture in every direction, plus T&T Supermarket right in the building. 24-hour concierge, a large gym, party room and guest suites round out the package. Perfect for families, students, or professionals who want it all downtown. (id:66096)

Property Details

MLS®: C13881214
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $890/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,950/yr
Listed: 28 days ago

Rooms

Flat

Living room: 4.76 x 3.69 meters
Dining room: 2.3 x 2 meters
Kitchen: 3.05 x 2.65 meters
Primary Bedroom: 3.64 x 2.43 meters
Bedroom 2: 4.7 x 2.43 meters
Bedroom 3: 3.26 x 2.74 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$824

List price

$700K

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 3-bed single family in Toronto (Kensington-Chinatown) has been listed for 28 days, which is 53 days fresher than the city average of 81. Act while there is still low competition.

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Listed by RE/MAX EXCEL REALTY LTD. · WEI LI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $699,900, about 11.4× the local median household income of $61,600.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 122% 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)

$699,900· $824/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,990.00

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,196 capitalized)

Property tax (est.)$413/mo

Condo fee$890/mo

Total monthly$4,933

Cash Needed to Close

Down payment (6.43%)$44,990

Land transfer tax$20,946

Est. closing costs$4,600

Total cash needed$70,536

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