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Listed 5 months ago

2 Glen Baillie Place N

Kensington-Chinatown, Toronto

$718,000

Freehold Townhouse|2-Storey
8 | 5 | 0
About this home

One of the best investment opportunities is waiting for you. This rare offer end unit freehold townhouse was Official Plan Designated for Mixed (commercial and residential) use, has the best layouts and floor plan. From the front entry, you will see 2 bedrooms, each bedroom has their own 3 piece washroom which are totally separate from other parts of the house; from the 2nd side entrance, you also see 1 bedroom, with bathroom, kitchen and living room; from 3rd entrance, you will see 2 bedrooms, and one 3 piece washroom. This gorgeous townhouse has a separate side door (1st side entrance) that leads you to a fully finished basement, with a hug washroom, 2 bedrooms and kitchen. This remarkable freehold townhouse is located in the heart of Kensington Market, Chinatown Center, major transit station area, steps to Spadina/Dundas streetcar, near T&T supermarket, close to hospital, art gallery, walking distance to University of Toronto. This lovey end unit 2 storey freehold townhouse needs your special touch, to make this diamond in the rough shine again. Property and chattels sold in As-Is Condition. Current tenants (individual, not family) pay $6,000 rent income per month in total, and never miss the payment.

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agent
Jonathan Lee
(647) 983-0770
TypeAtt/Row/Townhouse
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,552
Lot Size13.67 ft x 66.66 ft
mls© NumberC12950864
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,675
Property tax
$379
Heat allowance
$150
Housing costs
$4,204 / mo

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

Down payment20% · $143,600
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$3,021 / mo
Cash down
$143,600

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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