$1,495,000

For sale

#TH05 51 Paul Lane Gardens, Toronto (Kensington-Chinatown) - Single Family for Sale

#TH05 51 Paul Lane Gardens, Toronto (Kensington-Chinatown), Ontario, M5T2H6

3 beds3 baths2 parking2,125 ft²$1,633/mo condo feeListed 51 days ago

Overview

This 3-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 2,125 sq ft of space. It has been on the market 51 days, fresher than the Toronto average of 81 days.

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Description

Discover & delight in all that this contemporary end-row downtown townhome-in-the-park has to offer! Nestled away within a quiet parkette tucked away from the buzz of the city, this home is perfect for those seeking a discrete & quiet oasis within Toronto's vibrant downtown-west. This expansive & bright 3 bedroom, 2.5 bath townhome is perfect for urban professionals and growing families alike. The open concept main floor's living, dining, & chef's kitchen is perfect for entertaining, while the family room below offers a retreat from the buzz of the city. Additional highlights: engineered hardwood flooring throughout; ground floor entry via interior garden/parkette + super discrete secondary entry via exclusive underground 2-spot tandem parking; private fenced rear yard w/ gas hookup for summer bbqs; spectacular 3rd floor primary suite w/ 5pc ensuite bath, WIC, 2nd closet, & custom vanity. Bonus: large locker room and additional storage locker included. Amenities include a 24-hour gym and fitness space, steam rooms, sauna, and more. Steps away from highly acclaimed establishments such as Alo & Barchef; a hop away from The Well and Queen West Fashion District boutiques. Enjoy all that Queen & King West, the Entertainment/Theatre district, Kensington Market, Chinatown, and Dundas West has to offer. Future Ontario Line subway stop is around the corner + easy access to multiple LRT & tram lines + the Gardiner. (id:66096)

Property Details

MLS®: C13783454
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,125 ft²
Storeys: 3
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air exchanger
Garage: Garage, Underground
Condo Fee: $1,633/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $8,540.17/yr

Rooms

Main level

Living room: 4.12 x 4.34 meters
Kitchen: 3.36 x 4.34 meters
Sitting room: 3.36 x 4.34 meters
Dining room: 3.05 x 3.35 meters

Lower level

Family room: 3.35 x 4.34 meters
Laundry room

Second level

Bedroom 2: 4.2 x 2.9 meters
Bedroom 3: 3.58 x 3.35 meters
Bathroom

Third level

Features

Appliances: Refrigerator, Central Vacuum, Stove, Range, Oven, Microwave, Freezer, Oven - Built-In, Blinds, Water Heater - Tankless, Water Heater
Flooring: Tile, Hardwood
Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$704

List price

$1.50M

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 3-bed single family in Toronto (Kensington-Chinatown) has been listed for 51 days, which is 30 days fresher than the city average of 81. Act while there is still low competition.

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Listed by BOSLEY REAL ESTATE LTD. · RICHARD KANG-CHOO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $1,495,000, about 24.3× the local median household income of $61,600.

Carrying it typically needs a household income of about $292,026 (20% down, 25-yr amortization, stress-tested) — roughly 374% 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)

$1,495,000· $704/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,500

Min 8.33%50%

Mortgage payment$7,598/mo

↳ CMHC premium ($54,820 capitalized)

Property tax (est.)$712/mo

Condo fee$1,633/mo

Total monthly$9,943

Cash Needed to Close

Down payment (8.33%)$124,500

Land transfer tax$52,750

Est. closing costs$6,985

Total cash needed$184,235

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