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Listed 11 days ago

18 1/2 Bellevue Avenue

Kensington-Chinatown, Toronto

$699,000

Semi-Detached |2 1/2 Storey
4 | 2 | 0
About this home

KENSINGTON MARKET GEM WITH UNLIMITED POTENTIAL! Tucked away just behind the vibrant streetscape of Bellevue Ave, 18 1/2 Bellevue Ave offers a truly unique opportunity in one of Toronto's most eclectic and sought-after neighbourhoods. This distinctive property requires extensive renovation and is being offered as a rare blank canvas for those with vision. Transform it into a one-of-a-kind urban residence, creative retreat, art or music studio, or an inspiring live/work space.Immerse yourself in the unmistakable character of Kensington Market, surrounded by colourful murals, independent shops, vintage finds, cafés, restaurants, galleries and a vibrant arts and music scene. Pedestrian-friendly streets and an exceptionally central location put Chinatown, Queen's Park, University of Toronto, the Art Gallery of Ontario and Downtown Toronto all within easy walking distance.A truly unconventional property in an extraordinary neighbourhood where creativity knows no boundaries. The potential is unlimited for the buyer with vision. Property is being sold strictly WHERE IS, AS IS, with no representations or warranties regarding condition or future use. Buyers to conduct their own due diligence regarding renovations, zoning, permits and intended use.arket....Location is One of Canada's most wanted neighborhood to stay in AIRBNB....(TORONTO STAR)

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agent
Milad Momtaz Azad
(647) 510-8858
TypeSemi-Detached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,068
Lot Size17.23 ft x 71.27 ft
mls© NumberC13761660
Listed BySUTTON GROUP-ASSOCIATES REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,578
Property tax
$506
Heat allowance
$150
Housing costs
$4,233 / mo

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

Down payment20% · $139,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

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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