$1,238,000 - 64 Wales Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
38 days on marketNeighbourhood: Kensington-Chinatown
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- MLS Number
- C13725712
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 38
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $5,558
- Listing Brokerage
- HC REALTY GROUP INC.
Welcome to this fully renovated $$$ and move-in-ready home in the heart of Kensington Market, one of Toronto's most vibrant and charming downtown communities. Extensively upgraded with significant investment throughout, this warm and inviting 3bedroom home offers the perfect blend of modern comfort and urban convenience.The main and second floors feature new natural wood-tone hardwood flooring, while the finished basement has been updated with new vinyl flooring. The home also offers new kitchen appliances, a roof replaced in 2024, and newly completed stonework in both the front and backyard. The bright open-concept layout, custom oak details, large windows and private cedar deck create a comfortable and welcoming space ideal for everyday family living.Steps to Kensington Market, Chinatown, Alexandra Park, TTC, groceries, cafés, restaurants and hospitals, with easy access to U of T, OCAD and the downtown core. A wonderful turnkey home, perfectly suited for a small family looking to enjoy a warm, stylish home in a truly walkable and established neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$5,476.09/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kensington-Chinatown
Kensington-Chinatown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kensington-Chinatown
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kensington-Chinatown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
64 Wales Avenue, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1125/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 38 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
About Kensington-Chinatown
I know Kensington-Chinatown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.