$599,900

For sale

#604 181 Northeast Huron Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#604 181 Northeast Huron Street, Toronto (Kensington-Chinatown), Ontario, M5T0C1

2 beds2 baths0 parking650 ft²$572/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $599,900, it is attractively priced about 11% 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

Steps to U of T! Rare 2 Bed + 2 Full Bath split-bedroom suite at Design Haus, with 2 owned lockers. Perfect for parents buying for a student (rent the second bedroom to help cover costs), investors, or young professionals. Bright "Northeast Exposure with morning sun, 695 sq ft, laminate floors throughout, stainless steel appliances, ensuite laundry. U of T St. George campus directly across the street, library next door, streetcar at your door, and subway, hospital row, Kensington Market and Chinatown all within walking distance. Rooftop terrace with BBQs, gym, and party room. Comparable 2-bedroom units in the building rent for $3,200-$3,600/month. Some photos virtually staged. (id:66096)

Property Details

MLS®: C14094560
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 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: $572/mo
Ownership: Condo/Strata
Property Tax: $2,993.9/yr
Listed: 16 days ago

Rooms

Flat

Primary Bedroom: 3.07 x 2.99 meters
Bedroom 2: 2.99 x 3.02 meters
Living room: 7.1 x 4.23 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, Water meter, Dishwasher, Stove, Range, Dryer, Oven - Built-In, Blinds
Flooring: Laminate
Exterior: Concrete
Lot Features: Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

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 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 RE/MAX REALTY SPECIALISTS INC. · SIMONE SINGH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $599,900, about 9.7× the local median household income of $61,600.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 90% 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)

$599,900· $924/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$249/mo

Condo fee$572/mo

Total monthly$3,954

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$16,946

Est. closing costs$4,300

Total cash needed$56,236

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