$640,000

For sale

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#1601 60 Queen Street East, Toronto (Kensington-Chinatown) - Single Family for Sale

#1601 60 Queen Street East, Toronto (Kensington-Chinatown), Ontario, M5C2T3

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Investment analysis

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$640,000

Toronto

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$334/mo condo fee

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $640,000, it is attractively priced about 5% below the $675,000 median asking price in Toronto.

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

Description

UNDER CONSTRUCTION! Tridel's Queen Church building is a 57-storey sharp looking condo residence located in downtown premium location that offers unparalleled convenience, remarkable amenities, modern finishes, and flexible open-concept layouts. Near perfect transit and walk scores. Large co-work spaces, BBQ area, party room. S1 Design, Studio, approx. 412 sqft. as per builder's plan. Occupancy Summer 2028.!Prices shown reflect the estimated net Ontario Enhanced New Home Rebate ("ENHR") amount. Actual purchase prices, taxes payable, and rebate eligibility will be determined based on the approved legislation and the Purchaser's individual circumstances. This pricing assumes the purchaser qualifies for the rebate and assigns it to the builder. The vendor makes no representations or warranties regarding the availability or amount of any such rebate. (id:66096)

Property Details

MLS®: C13658118
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $334/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Listed: 88 days ago

Rooms

Main level

Living room: 5.59 x 3.05 meters
Kitchen: 5.59 x 3.05 meters

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

Features

Appliances: Range
Flooring: Laminate
Exterior: Steel, Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

88d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$2,565

List price

$640K

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 single family in Toronto (Kensington-Chinatown) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by DEL REALTY INCORPORATED · NICHOLAS YANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5C)

This home lists at $640,000, about 7.2× the local median household income of $89,000.

Carrying it typically needs a household income of about $125,014 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.

Median household income: $89,000
Population: 3,149
Median age: 36.4
Owner / renter: 47% / 53%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5C)

$640,000· $2,565/ft²

For sale

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Full Cost Breakdown

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Down Payment6.09% · $39,000

Min 6.09%50%

Mortgage payment$3,332/mo

↳ CMHC premium ($24,040 capitalized)

Est. property tax$0/mo

Condo fee$334/mo

Total monthly$3,666

Cash Needed to Close

Down payment (6.09%)$39,000

Land transfer tax$18,550

Est. closing costs$4,420

Total cash needed$61,970

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice