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403 - 2645 KIPLING Avenue
Mount Olive-Silverstone-Jamestown, Toronto
$390,000
Nestled in the heart of Etobicoke, this renovated 2-bedroom suite is an excellent turnkey investment opportunity. This bright and upgraded unit offers a spacious open-concept living and dining area with large windows and a seamless walkout to to the balcony, creating an inviting and functional space. The updated kitchen provides ample cabinetry and modern finishes, while both bedrooms are generously sized with great natural light. Quick east-west travel along the new Finch West LRT corridor, plus nearby parks and Humber River trails for weekend nature escapes. Ideal for investors, this property comes with a reliable, long-term tenant already in place, ensuring immediate rental income and strong future growth potential. Located in a well-managed building close to TTC transit, schools, parks, shopping, and major highways, this suite offers exceptional convenience and consistent rental demand-an attractive addition to any investment portfolio.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 31-50 |
| Size | 900-999 sq. ft. |
| Maintenance Fees | $508 |
| Locker | None |
| Balcony | Open |
| Exposure | North |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $500 |
| mls© Number | W13509094 |
| Listed By | KIC REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,996
- Property tax
- $42
- Heat allowance
- $150
- Condo fees, half counted
- $254
- Housing costs
- $2,442 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$75,000
gross annual household income
- Payment at 4%
- $1,641 / mo
- Cash down
- $78,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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