$499,000

For sale

#306 8 Oxford Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#306 8 Oxford Street, Toronto (Kensington-Chinatown), Ontario, M5T2N9

2 beds1 bath0 parking850 ft²$820/mo condo feeListed 42 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. Listed at $499,000, it is attractively priced about 26% below the $675,000 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 81 days.

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Description

Amazing value for this spacious condo in low rise boutique building in the heart of the City: Kensington Market, University of Toronto, Chinatown. Short walk to Little Italy, The Annex, Yorkville, U of T, Art Gallery of Ontario + all major Hospitals and downtown core. 851 Square Feet as per Mpac. Clean and modern interior. Hardwood parquet flooring. Balcony for outdoor space. Amazing central location! Lively & diverse neighbourhood with lots of character. Walking distance to trendy nightlife, cafes, vast array of dining options and cultural hot spots! Spadina streetcar + easy public transportation around town. Great for 1st time buyers or investors or savvy parents with kids at University. Great option for comfortable living space downtown. On the cusp of residential leafy neighbourhoods and downtown core. Not a tower shoebox! Laundry facilities for building on 4th floor. Bike Storage + Parking Rental Available In Building. 98 Walk Score. 99 Transit Score. 100 Bike Score. Tenant has given notice to terminate. Property will be vacant as of November 1. (id:66096)

Property Details

MLS®: C13827038
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $820/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,729.25/yr
Listed: 42 days ago

Rooms

Other

Kitchen: 2.41 x 2.36 meters

Ground level

Living room: 6.11 x 3.72 meters
Dining room: 6.11 x 3.72 meters
Primary Bedroom: 5.85 x 2.75 meters
Bedroom: 3.72 x 2.41 meters

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

Features

Appliances: Refrigerator, Stove, Water Heater
Flooring: Tile, Parquet
Exterior: Brick
Lot Features: Wheelchair access, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$587

List price

$499K

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 42 days, which is 39 days fresher than the city average of 81. Act while there is still low competition.

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Listed by WRIGHT REAL ESTATE LTD. · ROY SCOTT CAMERON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $499,000, about 8.1× the local median household income of $61,600.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 58% 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)

$499,000· $587/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$227/mo

Condo fee$820/mo

Total monthly$3,676

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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