



Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$488,000
Toronto
#705 297 College Street, Toronto (Kensington-Chinatown), Ontario, M5T0C2
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $488,000, it is attractively priced about 28% below the $675,000 median asking price in Toronto. It has been on the market 14 days, fresher than the Toronto average of 81 days.
Welcome to The College, a boutique condominium by Tribute Communities, ideally situated in the heart of Toronto's vibrant Kensington Market. This spacious one-bedroom residence offers a thoughtfully designed open-concept layout featuring 10-foot ceilings, laminate flooring, built-in appliances, and floor-to-ceiling windows that fill the suite with abundant natural light. The generous private balcony provides a peaceful outdoor retreat with a beautiful view overlooking the University of Toronto - St. George Campus. Residents enjoy an impressive selection of amenities, including 24-hour concierge and security, a fully equipped fitness centre, rooftop terrace with BBQs, theatre room, billiards room, party room, and guest suites. With T&T Supermarket conveniently connected to the building, everyday shopping and essentials are just steps from your door. Perfectly positioned for convenience and lifestyle, the residence is within easy reach of the University of Toronto, OCAD University, Central Technical School, Chinatown, Little Italy, hospitals, parks, and Queen's Park subway station. Experience contemporary downtown living in one of Toronto's most vibrant and connected neighbourhoods. A fantastic opportunity for first-time buyers, professionals, students, or investors looking for a well-located residence in the heart of the city. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 81 days across the listings currently for sale in this city
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.
This 1-bed single family in Toronto (Kensington-Chinatown) has been listed for 14 days, which is 67 days fresher than the city average of 81. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $488,000, about 7.9× the local median household income of $61,600.
Carrying it typically needs a household income of about $95,323 (20% down, 25-yr amortization, stress-tested) — roughly 55% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5T)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice