$575,000

For sale

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#602 38 Cameron Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#602 38 Cameron Street, Toronto (Kensington-Chinatown), Ontario, M2N1H1

2 beds2 baths0 parking ft²

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#502 99 Cameron Street, Toronto (Kensington-Chinatown), Ontario, M5T3A2

For saleJust listed

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Listed by REAL BROKER ONTARIO LTD.

Investment analysis

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$575,000

Toronto

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$612/mo condo fee

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $575,000, it is attractively priced about 15% below the $675,000 median asking price in Toronto. It has been on the market 63 days, fresher than the Toronto average of 81 days.

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

Description

Beautiful Tri-Level Built Condo. In The Heart Of Downtown, Beautiful 1 Bedroom + Den Located At Spadina & Queen. Unobstructed West. Functional layout with laminate flooring throughout. Large Walk -In Closet In The Bedroom. Separate Den area to accommodate guests. Modern kitchen with stone countertops, island, and built-in stainless steel appliances. Minutes' Walk To Theatres, Restaurants, Chinatown, Bars, Shops, Streetcar Stop, And More. Close To University Of Toronto. 9 Ft Ceilings, Ensuite Laundry, 24 Hrs. Concierge, Fitness Centre, Theatre (id:66096)

Property Details

MLS®: C13742678
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $612/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,253.4/yr
Listed: 63 days ago

Rooms

Flat

Kitchen
Living room: 3.05 x 3.44 meters
Dining room: 3.11 x 3.05 meters
Primary Bedroom: 3.17 x 3.05 meters
Den: 2.44 x 2.44 meters

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

Features

Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$885

List price

$575K

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 63 days, which is 18 days fresher than the city average of 81. Act while there is still low competition.

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Listed by GLOBAL BRICKS EXECUTIVE HOMES REALTY · SAJJAD AHMED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $575,000, about 7.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$575,000· $885/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$271/mo

Condo fee$612/mo

Total monthly$3,891

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$15,950

Est. closing costs$4,225

Total cash needed$52,675

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