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2603 - 238 Simcoe Street
Kensington-Chinatown, Toronto
$499,000
One-bedroom condominium at Artists' Alley Condos. High floor level, Unobstructed City Views and Impressive 9' Ceilings.Boasting high ceilings and an open-concept design, this exceptional residence seamlessly blends modern elegance with unparalleled convenience. The floor-to-ceiling windows invite abundant natural light, enhancing the inviting atmosphere. Ideally situated at the corner of University and Dundas, this prime location offers easy access to OCAD ,St. Patrick Subway Station, University of Toronto, Art Gallery of Ontario, Eaton Centre, and the dynamic shops and restaurants of Queen West and Kensington Market. With Chinatown and Highway DVP just minutes away, this property is perfectly positioned for an active lifestyle.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $496 |
| Locker | None |
| Balcony | Juliette |
| Exposure | North East |
| Parking Type | Underground |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $4,919 |
| mls© Number | C13696862 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,554
- Property tax
- $410
- Heat allowance
- $150
- Condo fees, half counted
- $248
- Housing costs
- $3,362 / mo
Lenders cap these at 39% of gross income — that sets the number.
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 checkInvestment Analysis
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