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New3 hours ago

2907 - 238 Simcoe Street

Kensington-Chinatown, Toronto

$499,000

Condo Apartment |
1 + 1 | 1 | 0 | 1
About this home

Welcome To 238 Simcoe St, Unit 2907, A Stylish 1 Bedroom + Den Suite In The Prestigious Artist Alley Condos! Perched On A High Floor, This Bright And Modern Residence Offers Breathtaking South-Facing City Views. The Functional Open-Concept Layout Features A Spacious Living And Dining Area With A Walk-Out To The Private Balcony. The Modern Kitchen Is Equipped With A Full Set Of Built-In Appliances And A Sleek Backsplash. The Primary Bedroom Features Floor-To-Ceiling Windows And A Mirrored Closet, While The Versatile Den Can Be Used As A Home Office Or Potential Second Bedroom. Located In The Heart Of Downtown Toronto With A Near-Perfect Walk And Transit Score, This Exceptional Location Offers Unparalleled Urban Convenience. Steps To TTC And St. Patrick Subway Station, OCAD University, The AGO, Restaurants, Parks, Hospitals, And More! Minutes To The University Of Toronto, Financial And Entertainment Districts, Nathan Phillips Square, Eaton Centre, And All That Downtown Toronto Has To Offer. An Excellent Opportunity For Professionals, Students, And Investors Alike!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size500-599 sq. ft.
Maintenance Fees$546
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesUnderground
Property Tax$5,499
mls© NumberC13771702
Listed ByBAY STREET INTEGRITY REALTY INC.
Heat Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,554
Property tax
$458
Heat allowance
$150
Condo fees, half counted
$273
Housing costs
$3,435 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,800
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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