$614,995

For saleJust listed

#606 210 Simcoe Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#606 210 Simcoe Street, Toronto (Kensington-Chinatown), Ontario, M5T0A9

2 beds1 bath1 parking750 ft²$674/mo condo feeListed Yesterday

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $614,995, it is attractively priced about 9% below the $675,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 81 days.

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Description

Welcome to 210 Simcoe Street! Experience downtown Toronto living at its best in this beautifully maintained 1-bedroom plus den condo, complete with underground parking, storage locker and bike rack. The thoughtfully designed layout features a desirable spacious living area, offering plenty of room to relax and entertain, along with a private, enclosed den tucked away from the main living space ideal for a home office or additional flex space. Enjoy 9-foot ceilings, floor-to-ceiling windows that fill the unit with natural light, a modern two-tone kitchen with quartz countertops and built-in appliances, and a private balcony. An unbeatable downtown location! Just steps from King Street, Dundas Street, University Avenue, St. Patrick and Osgoode subway stations. Walk to the Eaton Centre, University of Toronto,OCAD, City Hall, Mount Sinai Hospital, restaurants, shopping, and endless entertainment options. A fantastic opportunity to enjoy the convenience of downtown living with the added benefits of a spacious layout, and the rare combination of parking and storage. (id:66096)

Property Details

MLS®: C14153426
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $674/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,744.48/yr
Listed: Yesterday

Features

Appliances: Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$821

List price

$615K

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 1 day, which is 80 days fresher than the city average of 81. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · SAMUEL TOBY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $614,995, about 10.0× the local median household income of $61,600.

Carrying it typically needs a household income of about $120,130 (20% down, 25-yr amortization, stress-tested) — roughly 95% 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)

$614,995· $821/ft²

For sale

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Full Cost Breakdown

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Down Payment5.93% · $36,499.50

Min 5.93%50%

Mortgage payment$3,207/mo

↳ CMHC premium ($23,140 capitalized)

Property tax (est.)$312/mo

Condo fee$674/mo

Total monthly$4,193

Cash Needed to Close

Down payment (5.93%)$36,500

Land transfer tax$17,550

Est. closing costs$4,345

Total cash needed$58,394

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