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Listed 8 days ago

403 - 2645 Kipling Avenue

Mount Olive-Silverstone-Jamestown, Toronto

$375,000

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

Spacious & Renovated 2-Bedroom Condo | 1,005 Sq. Ft. | Balcony | Great Investment Opportunity !!Welcome to this spacious and beautifully renovated 2-bedroom, 1.5-bathroom condo offering approximately 1,005 sq. ft. of comfortable living space. Featuring a functional layout, updated finishes, and newer flooring in the living room, this home is move-in ready and ideal for first-time buyers, downsizers, or investors. The generous living area provides plenty of room to relax and entertain, while the private balcony offers the perfect spot to enjoy your morning coffee or unwind outdoors. The well-proportioned bedrooms and convenient 1.5-bathroom layout make this a practical home for everyday living. Investors will love the opportunity to purchase a turnkey property with a great existing tenant who is willing to stay, offering the potential for a seamless transition and continued rental income. A rare opportunity to own a renovated, spacious 1,005 sq. ft. condo with a balcony and an excellent tenant already in place. Don't miss your chance to make this property yours!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleMulti-Level
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$508
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$500
mls© NumberW13773928
Listed ByKIC REALTY
Heat Included
Water Included
Common Elements Included
Building Insurance 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%
$1,919
Property tax
$42
Heat allowance
$150
Condo fees, half counted
$254
Housing costs
$2,365 / mo

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

Down payment20% · $75,000
25-yr amortization

Income needed

$73,000

gross annual household income

Payment at 4%
$1,578 / mo
Cash down
$75,000

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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