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New7 hours ago

2601 - 38 Grenville Street

Bay Street Corridor, Toronto

$799,900

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

Rare Investment Opportunity in the Heart of Downtown Toronto! Welcome to Unit 2601 at 38 Grenville St, a bright and stylish 2-bedroom, 2-bathroom suite with 1 parking and 1 locker included. Featuring 9 ft ceilings and floor-to-ceiling windows in both bedrooms and the living area, this unit is filled with natural light and offers a modern, comfortable urban lifestyle. Unbeatable Yonge & College location, steps to College Subway Station, U of T, Toronto Metropolitan University, major hospitals, Eaton Centre, restaurants, shopping, and the Financial District. With constant rental demand from students, professionals, and downtown visitors, this property offers excellent income potential. Short-term rental/Airbnb use may be possible, subject to City of Toronto and building regulations. Enjoy premium building amenities, including a swimming pool - a highly desirable and rare feature in downtown Toronto condos. A fantastic choice for investors or end-users looking for location, lifestyle, flexibility, and future value.

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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
Size700-799 sq. ft.
Maintenance Fees$870
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,110
mls© NumberC13664726
Listed ByTRUSTWELL REALTY INC.
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking 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%
$4,094
Property tax
$342
Heat allowance
$150
Condo fees, half counted
$435
Housing costs
$5,022 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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