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Listed 1 month ago

403 - 2645 KIPLING Avenue

Mount Olive-Silverstone-Jamestown, Toronto

$390,000

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

Nestled in the heart of Etobicoke, this renovated 2-bedroom suite is an excellent turnkey investment opportunity. This bright and upgraded unit offers a spacious open-concept living and dining area with large windows and a seamless walkout to to the balcony, creating an inviting and functional space. The updated kitchen provides ample cabinetry and modern finishes, while both bedrooms are generously sized with great natural light. Quick east-west travel along the new Finch West LRT corridor, plus nearby parks and Humber River trails for weekend nature escapes. Ideal for investors, this property comes with a reliable, long-term tenant already in place, ensuring immediate rental income and strong future growth potential. Located in a well-managed building close to TTC transit, schools, parks, shopping, and major highways, this suite offers exceptional convenience and consistent rental demand-an attractive addition to any investment portfolio.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size900-999 sq. ft.
Maintenance Fees$508
LockerNone
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$500
mls© NumberW13509094
Listed ByKIC REALTY
Heat Included
Water Included
CAC Included
Building Insurance Included
Common Elements Included
Cable TV 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%
$1,996
Property tax
$42
Heat allowance
$150
Condo fees, half counted
$254
Housing costs
$2,442 / mo

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

Down payment20% · $78,000
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,641 / mo
Cash down
$78,000

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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