89 McCaul Street, 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 $499,000 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 with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
INVESTORS & CONTRACTORS PRIME OPPORTUNITY! Functional 2-Bedroom, 1-Bath Condo Suite Ideally Located Across From OCAD University And Butterfield Park. This Spacious Unit Features Two Generously Sized Bedrooms And A Private Balcony With Desirable East/South-Facing Views. The Kitchen Seamlessly Overlooks The Open-Concept Living And Dining Areas And Includes A Separate Pantry Room. Enjoy Low Maintenance Fees That Cover All Utilities Including Internet. Unbeatable Location Just Steps To St. Patrick Subway Station, The Art Gallery Of Ontario (AGO), Vibrant Queen West, The Entertainment District, Major Hospitals On University Avenue, And An Array Of Shops, Boutiques, And Restaurants. Rental Potential: Comparable Units Are Currently Leasing For $2,900/Month (As Of May 2025).Don't Miss Out On This Excellent Investment Or Renovation Opportunity In The Heart Of Downtown Toronto!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Hospital, Park, Public Transit, School, Rec./Commun.Centre
Interior Features
Carpet Free
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 89 McCaul Street 720, Toronto C01, ON M5T 2X3
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 $499,000 in Toronto, the legal minimum down payment is $24,950 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 $6,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,455 also applies, bringing the total estimated land transfer taxes to $12,910.
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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.
