$579,900

For sale

#1517 297 College Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#1517 297 College Street, Toronto (Kensington-Chinatown), Ontario, M5T0C2

2 beds1 bath0 parking650 ft²$563/mo condo feeListed 65 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $579,900, it is attractively priced about 14% below the $675,000 median asking price in Toronto. It has been on the market 65 days, fresher than the Toronto average of 81 days.

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Description

Welcome to Tribute's "The College" Condo! A Bright & Spacious Functional One Bedroom + Den With 9' Ceiling And Floor To Ceiling Windows. A Rare Unit (Only 2 Units In The Building )That Have This Unique Configuration With An Unobstructed Views In Every Room. The Feature Of This New Paint Unit Is That It Has A Den Which Already Includes A Door , An Operable Window & A Walk-In Closet, So It Can Be Fully Used As A Second Bedroom. Huge L shape Balcony. Kitchen With Great Amount Of Storage Space. 2 Mirrored Closets .4 Pieces Bath. This Building Is Ideally Located With Walking Distance To U Of T, OCAD, Public Transit TTC --Queen's Park Subway Station, Spadina St Car, Hospitals, Schools, Library, Kensington Market , Chinatown & World-Class Dining( 99 Walking Score & 100 Transit Score.) . Top-Tire Amenities : 24-Hour Concierge, a Gym, Theatre, Billiards, A Roof-Top BBQ Terrace, Guest Suites and More. The Condo Standout Feature Is : Directly Attached T&T Supermarket And TD Bank Which Offers Unmatched Convenience. Don't Miss Out This Downtown Living At One Of Toronto's Most Vibrant Neighborhoods. (id:66096)

Property Details

MLS®: C13736268
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $563/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,340.6/yr
Listed: 65 days ago

Rooms

Ground level

Living room: 3.77 x 4.96 meters
Dining room: 3.77 x 4.96 meters
Kitchen: 4.05 x 0.81 meters
Primary Bedroom: 3.86 x 3.25 meters
Bedroom 2: 3.25 x 2.17 meters

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

Features

Appliances: Oven - Built-In
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

65d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$893

List price

$580K

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 2-bed single family in Toronto (Kensington-Chinatown) has been listed for 65 days, which is 16 days fresher than the city average of 81. Act while there is still low competition.

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Listed by MASTER'S TRUST REALTY INC. · CONNIE SUN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $579,900, about 9.4× the local median household income of $61,600.

Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 84% 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)

$579,900· $893/ft²

For sale

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Full Cost Breakdown

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Down Payment5.69% · $32,990

Min 5.69%50%

Mortgage payment$3,032/mo

↳ CMHC premium ($21,876 capitalized)

Property tax (est.)$278/mo

Condo fee$563/mo

Total monthly$3,874

Cash Needed to Close

Down payment (5.69%)$32,990

Land transfer tax$16,146

Est. closing costs$4,240

Total cash needed$53,376

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