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$465,000
Toronto
#1235 230 Simcoe Street, Toronto (Kensington-Chinatown), Ontario, M5T1T4
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $465,000, it is attractively priced about 31% below the $675,000 median asking price in Toronto. It has been on the market 13 days, fresher than the Toronto average of 81 days.
Welcome to this stylish one-bedroom suite at Artist Alley, offering thoughtfully designed living space in the heart of downtown Toronto. The open-concept layout features a combined living and dining area that flows seamlessly into a sleek modern kitchen with premium appliances, complemented by elegant laminate flooring throughout. Enjoy exceptional building amenities, including a fully equipped fitness centre and beautifully designed common areas.Ideally located steps to TTC, dining, entertainment, shopping, museums, universities, and major hospitals, with OCAD University across the street. Experience the convenience and comfort of downtown living. Photos have been AI-enhanced. The unit is currently leased at $2,200/monthuntil August 31, 2027. Rent has been prepaid, and the portion attributable to the period afterclosing will be credited to the buyer on closing. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 13 days on market, against an average age of 81 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (Kensington-Chinatown) has been listed for 13 days, which is 68 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $465,000, about 7.5× the local median household income of $61,600.
Carrying it typically needs a household income of about $90,831 (20% down, 25-yr amortization, stress-tested) — roughly 47% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5T)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice