$468,000

For sale

#401 238 Simcoe Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#401 238 Simcoe Street, Toronto (Kensington-Chinatown), Ontario, M5T0E2

2 beds1 bath0 parking650 ft²$515/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $468,000, it is attractively priced about 31% below the $675,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 81 days.

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Description

Welcome To Artist Alley Condos At 238 Simcoe St! Discover This Stylish And Functional 1 Bedroom + Den Suite In The Heart Of Downtown Toronto! Offering 602 Sq.Ft. Of Thoughtfully Designed Living Space, This Beautiful Residence Features A Bright Open-Concept Living And Dining Area With Floor-To-Ceiling Windows And A Walk-Out To A Private Balcony. The Modern Kitchen Showcases Sleek Cabinetry, Built-In Appliances And Contemporary Finishes, Seamlessly Blending Style And Functionality. The Spacious Primary Bedroom Features Large Windows And Ample Closet Space, While The Generously Sized Den Offers Excellent Flexibility As A Home Office, Study Area Or Guest Space. A Smart And Efficient Layout Maximizes Every Square Foot, Complete With Convenient Ensuite Laundry. Enjoy An Unbeatable Downtown Location Just Steps To St. Patrick Subway Station, TTC, OCAD University, Art Gallery Of Ontario, Restaurants, Shopping And Major Hospitals. Minutes To The University Of Toronto, Financial District, Entertainment District, Eaton Centre And Nathan Phillips Square. An Exceptional Opportunity For First-Time Buyers, Young Professionals And Investors Seeking Modern Urban Living In One Of Toronto's Most Convenient Downtown Locations! (id:66096)

Property Details

MLS®: C14093334
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $515/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Listed: 16 days ago

Rooms

Flat

Living room: 6.3 x 3.05 meters
Dining room: 6.17 x 3.05 meters
Kitchen: 6.17 x 3.05 meters
Primary Bedroom: 3.23 x 2.97 meters
Den: 3.05 x 2.24 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Microwave, Cooktop, Hood Fan
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$721

List price

$468K

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 16 days, which is 65 days fresher than the city average of 81. Act while there is still low competition.

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Listed by FIRST CLASS REALTY INC. · JENNY JIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $468,000, about 7.6× the local median household income of $61,600.

Carrying it typically needs a household income of about $91,417 (20% down, 25-yr amortization, stress-tested) — roughly 48% 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)

$468,000· $721/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,400

Min 5%50%

Mortgage payment$2,465/mo

↳ CMHC premium ($17,784 capitalized)

Est. property tax$0/mo

Condo fee$515/mo

Total monthly$2,980

Cash Needed to Close

Down payment (5%)$23,400

Land transfer tax$11,670

Est. closing costs$3,904

Total cash needed$38,974

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