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New1 hour ago

402 - 650 King Street W

Waterfront Communities C1, Toronto

$425,000

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

Best value! Welcome to your downtown Toronto home in the vibrant King & Bathurst neighbourhood, a stylish 1 bedroom condo perfectly suited for first-time buyers or investors looking to own in one of the city's most energetic communities. This bright & inviting suite's open concept design makes the space comfortable for everyday living & entertaining. Tall ceilings make an airy loft atmosphere & white walls enhance the sense of space & light. The kitchen blends style & function w/sleek granite countertops, glass backsplash, built-in dishwasher, & ample prep space for cooking. Easily host friends or have a relaxing, quiet evening in. The 4-pc bath features a generous tub, granite ledge for everyday essentials, & a modern Corian sink w/backsplash bringing the design together beautifully. Tile flooring in the bathroom offers easy maintenance & engineered hardwood thru/o the rest of the unit provides warmth & a sophisticated finish. Whether you're starting your ownership journey or adding to an investment portfolio, this unit offers exceptional value in a desirable downtown location w/everything Toronto has to offer just moments from your door. Nearby Fashion District, vibrant restaurants, cafes, nightlife & legendary Kensington Market offer endless options for food, culture, shopping & entertainment. Sports fans will love close prox. to Rogers Centre w/the iconic CN Tower a short distance away. The waterfront Lakeshore Trail is easily accessible, just south of the building w/scenic walking paths, cycling & beautiful lake views. Commute w/ease w/TTC transit steps from the building's entrance for city-wide connectivity. The Jack Layton Ferry Terminal offers quick access to Toronto Island weekend escapes & Billy Bishop Airport nearby is convenient for business & leisure. Offering comfort, style & a great downtown location, this is an excellent opportunity to own in Toronto. **Photos & Virtual Tour are from 2021, no major changes to unit.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$354
LockerNone
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,285
mls© NumberC13659824
Listed ByCRESCENT REAL ESTATE INC.
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%
$2,175
Property tax
$190
Heat allowance
$150
Condo fees, half counted
$177
Housing costs
$2,693 / mo

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

Down payment20% · $85,000
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,788 / mo
Cash down
$85,000

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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