$718,000 - 2 Glen Baillie Place, Downtown Toronto
Townhouse for Sale in Downtown Toronto
77 days on market- MLS Number
- C12950864
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 77
- Bedrooms
- 10
- Bathrooms
- 5
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
One of the best investment opportunities is waiting for you. This rare offer end unit freehold townhouse was Official Plan Designated for Mixed (commercial and residential) use, has the best layouts and floor plan. From the front entry, you will see 2 bedrooms, each bedroom has their own 3 piece washroom which are totally separate from other parts of the house; from the 2nd side entrance, you also see 1 bedroom, with bathroom, kitchen and living room; from 3rd entrance, you will see 2 bedrooms, and one 3 piece washroom. This gorgeous townhouse has a separate side door (1st side entrance) that leads you to a fully finished basement, with a hug washroom, 2 bedrooms and kitchen. This remarkable freehold townhouse is located in the heart of Kensington Market, Chinatown Center, major transit station area, steps to Spadina/Dundas streetcar, near T&T supermarket, close to hospital, art gallery, walking distance to University of Toronto. This lovey end unit 2 storey freehold townhouse needs your special touch, to make this diamond in the rough shine again. Property and chattels sold in As-Is Condition. Current tenants (individual, not family) pay $6,000 rent income per month in total, and never miss the payment.
Estimate your monthly payments for this property
Estimated Payment
$3,683.71/mo
Includes CMHC insurance ($20,032)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
2 Glen Baillie Place, 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
Competitive Pricing
At $479/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 77 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Excellent Flexibility
With 10 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,992 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.