$549,900

For sale

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#TH12 78 Carr Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#TH12 78 Carr Street, Toronto (Kensington-Chinatown), Ontario, M5T1B7

2 beds1 bath1 parking ft²

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Investment analysis

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$549,900

Toronto

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$507/mo condo fee

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $549,900, it is attractively priced about 19% below the $675,000 median asking price in Toronto.

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

Description

Discover the perfect blend of style, comfort, and location in this beautifully 1 bedroom, 1 bathroom stacked townhouse in the heart of downtown Toronto. Nestled in one of the city's most coveted neighbourhoods, this home offers exceptional urban living with major hospitals, TTC, acclaimed dining, cafés, and everyday conveniences just steps away. Enjoy weekends exploring the vibrant streets of Kensington Market, the boutiques and nightlife of Queen West, and everything this dynamic neighbourhood has to offer. An outstanding opportunity for professionals, first-time buyers, and investors seeking a prime downtown address. (id:66096)

Property Details

MLS®: C13678074
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $507/mo
Fee Includes: Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,866/yr
Listed: 83 days ago

Rooms

Flat

Living room: 5.08 x 3.12 meters
Bedroom: 5.08 x 3.12 meters
Bathroom: 2.57 x 2.36 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, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener remote(s)
Exterior: Stucco
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

83d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$847

List price

$550K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by SOLA OTUBAGA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5T)

This home lists at $549,900, about 8.9× the local median household income of $61,600.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 74% 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)

$549,900· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$239/mo

Condo fee$507/mo

Total monthly$3,629

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$14,946

Est. closing costs$4,150

Total cash needed$49,086

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