426 University Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $588,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-799 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Dont Miss This Chance!! 740 SqFt with a Stunning Unobstructed View! Welcome to The Residences at RCMI by Tribute Communities,An exceptional opportunity for both investors and urban lifestyle seekers! This bright and spacious 1+1Den unit in the heart of downtown Toronto offers floor-to-ceiling windows that flood the space with natural light and showcase breathtaking city views. The oversized Den is large enough to serve as a second bedroom or a perfect home office for remote work. ##Features include: Modern kitchen with granite countertops, Versatilely large island ideal for entertaining or use as a breakfast bar, Ample closet/storage space; Efficient open-concept layout!! ##Unbeatable location: Steps to St. Patrick TTC station and walking distance to University of Toronto, Toronto Metropolitan University, OCAD, Osgoode Hall, Eaton Centre, top hospitals, the Financial & Entertainment Districts, Scotiabank Arena, Rogers Centre, Ripleys Aquarium, Queens Park, and more. Vacant and move-in ready. Dont miss this incredible opportunity to own in one of Torontos most vibrant downtown locations!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 426 University Avenue 3201, Toronto C01, ON M5G 1S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $588,000 in Toronto, the legal minimum down payment is $33,800 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 $8,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,235 also applies, bringing the total estimated land transfer taxes to $16,470.
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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.
