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Listed 3 months ago

306 - 8 Oxford Street

Kensington-Chinatown, Toronto

$499,000

Condo Apartment |
2 | 1 | 0 | 0
About this home

Amazing value for this spacious condo in low rise boutique building in the heart of the City: Kensington Market, University of Toronto, Chinatown. Short walk to Little Italy, The Annex, Yorkville, U of T, Art Gallery of Ontario + all major Hospitals and downtown core. 851 Square Feet as per Mpac. Clean and modern interior. Hardwood parquet flooring. Balcony for outdoor space. Amazing central location! Lively & diverse neighbourhood with lots of character. Walking distance to trendy nightlife, cafes, vast array of dining options and cultural hot spots! Spadina streetcar + easy public transportation around town. Great for 1st time buyers or investors or savvy parents with kids at University. Great option for comfortable living space downtown. On the cusp of residential leafy neighbourhoods and downtown core. Not a tower shoebox! Laundry facilities for building on 4th floor. Bike Storage + Parking Rental Available In Building. 98 Walk Score. 99 Transit Score. 100 Bike Score. Tenant has given notice to terminate. Property will be vacant as of October 1.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$820
LockerNone
BalconyOpen
ExposureEast West
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,730
mls© NumberC13231882
Listed ByWRIGHT REAL ESTATE LTD.
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
$227
Heat allowance
$150
Condo fees, half counted
$410
Housing costs
$3,342 / mo

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

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

Income needed

$103,000

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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