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$688K · 2 bed Condo Apartment · Unit 406, 188 Spadina Avenue, Toronto, Ontario M5T 3A4 | HomeSearchCanada

$688,000

Unit 406

42 DOM

2242d

Map

⚡ Insider Deal

DOM 42

Fixer Upper

$688,000

DOM42days

Unit 406

188 Spadina Avenue · Toronto · Ontario M5T 3A4

MLS® C13434438 · Kensington-Chinatown · M5T 3A4

22Vacant1200-1399 ft²Condo Apartment1-car UndergroundNo basement42d$529/ft²$2,737 tax/yrNo basement

42 days on market

About this home

BEST VALUE IN DOWNTOWN TORONTO! Rarely offered 1,318 sq. ft. boutique condo in the heart of Kensington/Chinatown, offering exceptional space, privacy, and convenience at an outstanding price point. This spacious 2-bedroom, 2-bathroom suite features a highly functional layout, underground parking, a quiet patio-facing living area, two closets in the primary bedroom, and a large laundry/storage room.Enjoy the ultimate urban lifestyle with restaurants, shops, transit, and entertainment just steps a…

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Property details

MLS#: C13434438
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 713
Balcony: None
Locker: None
Association amenities: Concierge, Exercise Room, Indoor Pool, Party Room/Meeting Room, Recreation Room, Rooftop Deck/Garden
Fees include: Heat Included, Common Elements Included, CAC Included, Water Included, Parking Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Baseboard
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: Spadina Ave / Queen St W
Stories: 4
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX EXCEL REALTY LTD.

Source: TRREB/PROPTX · MLS® C13434438

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$688K

Unit 406 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $688,000✓ $2,737 tax✓ Electric✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,281/mo

incl. closing costs (yr 1)

Annual total

$75,368

year 1

Mortgage only

$2,610/mo

principal + interest

Beyond mortgage

$2,359/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$137,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$228/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,300 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,880/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$104/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,235

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $31,321/yr

Property taxes17% $12,972/yr

Utilities3% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance9% $6,880/yr

Condo fees20% $15,035/yr

Closing costs7% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$31,321	$2,610/mo
Government & taxes
Property tax	$2,737	$228/mo
Land transfer tax(closing)	$10,235	$853/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,880	$573/mo
Condo fees
Condo / HOA fees	$15,035	$1,253/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$75,368	$6,281/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 406

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs