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New56 minutes ago

1235 - 230 Simcoe Street

Kensington-Chinatown, Toronto

$465,000

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

Welcome to this stylish one-bedroom suite at Artist Alley, offering thoughtfully designed living space in the heart of downtown Toronto. The open-concept layout features a combined living and dining area that flows seamlessly into a sleek modern kitchen with premium appliances, complemented by elegant laminate flooring throughout. Enjoy exceptional building amenities, including a fully equipped fitness centre and beautifully designed common areas.Ideally located steps to TTC, dining, entertainment, shopping, museums, universities, and major hospitals, with OCAD University across the street. Experience the convenience and comfort of downtown living. Photos have been AI-enhanced. The unit is currently leased at $2,200/monthuntil August 31, 2027. Rent has been prepaid, and the portion attributable to the period afterclosing will be credited to the buyer on closing.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$404
LockerNone
BalconyOpen
ExposureEast
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$1
mls© NumberC14104768
Listed ByRE/MAX HALLMARK FIRST GROUP REALTY 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%
$2,380
Property tax
$0
Heat allowance
$150
Condo fees, half counted
$202
Housing costs
$2,732 / mo

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

Down payment20% · $93,000
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,957 / mo
Cash down
$93,000

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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