Welcome to this remarkable investment located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,620,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Renowned for its vibrant atmosphere and authentic local character, Kensington Market is celebrated as one of Toronto's most unique neighbourhoods. Its eclectic mix of independent retailers, vintage shops, specialty food vendors, cafés, restaurants, and cultural destinations creates a lively streetscape and a strong sense of place that continues to attract a diverse and engaged community. 35Kensington Ave includes a retail unit with lower level leased to Grant& Garbo (month-to-month), with an approx. 3-bedroom apartment above, also leased month-to-month. Approx. GFA: 3,401 SF + basement. All leases are flexible, providing strong and steady in-place income with near-term leasing and repositioning upside.
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This could be the first listing for this address.
Data-driven valuation for 35 Kensington Avenue, Toronto C01, ON M5T 2J8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $1,620,000 in Toronto, the legal minimum down payment is $324,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $28,875 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $28,875 also applies, bringing the total estimated land transfer taxes to $57,750.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.