$600,000

For sale

#301 608 Richmond Street North, Toronto (Kensington-Chinatown) - Single Family for Sale

#301 608 Richmond Street North, Toronto (Kensington-Chinatown), Ontario, M5V0N9

2 beds1 bath0 parking650 ft²$624/mo condo feeListed 13 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $600,000, it is attractively priced about 11% 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.

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Description

Welcome to The Harlowe, where modern design meets the energy of King West. This stylish 1+den suite features sleek cabinetry, soaring ceilings and signature exposed concrete details for are fined industrial feel. The well-designed layout includes a separate den, offering flexible space for a home office, dining area or guest room. Step out onto the quiet north-facing balcony for your morning coffee or a moment away from the city. Located in the heart of King West, you're just steps from some of Toronto's best restaurants, cafés, shopping, nightlife and everyday conveniences. Located on quieter Richmond St., The Harlowe stands as a modern take on historic warehouse architecture, It blends red brick, black-framed windows and exposed concrete with contemporary design in the heart of the Fashion District. The most ideal condo for downtown living. (id:66096)

Property Details

MLS®: C14106428
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $624/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,114.38/yr
Listed: 13 days ago

Features

Appliances: Refrigerator, Gas stove(s), Dishwasher, Oven, Microwave, Oven - Built-In, Hood Fan, Window Coverings
Exterior: Brick Facing
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$924

List price

$600K

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 13 days, which is 68 days fresher than the city average of 81. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · SERENA DHILLON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $600,000, about 6.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 29% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$600,000· $924/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$260/mo

Condo fee$624/mo

Total monthly$4,016

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$16,950

Est. closing costs$4,300

Total cash needed$56,250

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