2 Glen Baillie Place, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C12950864
About this home
In short
- One of the best investment opportunities is waiting for you.
- 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...
- 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 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.
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.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- C12950864
- Bedrooms
- 8+2 (10 total)
- Bathrooms
- 5
- Size
- 1500-2000 sq ft
- Lot
- 13.67 × 66.66 ft
- Cross streets
- Spadina/Dundas St. W
- Parking
- 0 parking
- Driveway
- Lane
- Basement
- Apartment, Separate Entrance, Full, Finished
- Kitchens
- 3 (1 + 2)
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $4,552 / 2025
- Days on market
- 200
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
Listed at $718,000, about 10% below our estimate of $798K (homes like it typically land between $748K and $836K).
Why $798K. The typical townhouse sold in Kensington-Chinatown over the past year went for about $1.14M (15 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $4,552 a year; the typical home sold here pays about $8,700.
- ▼ Lowers itThe listing presents it as a home to renovate or rebuild.
- ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 2 typically.
- ▼ Lowers it8+2 bedrooms and 5 baths, against 4 and 4 typically.
Total price vs nearby homes. Fair value about $798K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $410/sqft against an area asking average of $1,026/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In Kensington-Chinatown basements rarely rent out (2 of 51 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $828K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is King Edward Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 19 comparable homes that sold in Kensington-Chinatown over the past two years, from 28 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $798K, which is where my estimate comes from.
Per square foot, these ask about $1,026/sqft; this home lists at $410/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.05M | 84 |
| November 2025 | $1.04M | 75 |
| December 2025 | $1.05M | 55 |
| January 2026 | $1.04M | 38 |
| February 2026 | $1.17M | 53 |
| March 2026 | $1.09M | 86 |
| April 2026 | $1.22M | 95 |
| May 2026 | $1.10M | 88 |
| June 2026 | $1.05M | 97 |
| July 2026 | $960K | 91 |
| August 2026 | $995K | 47 |
| September 2026 | $1.06M | 91 |
Neighbourhood & location
Kensington-Chinatown, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $574,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,176
- Property tax
- $379
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,555
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,835
- Toronto municipal land transfer tax
- $10,835
- Estimated closing costs
- $21,670
Plus your down payment of $143,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $190,557
- Principal paid down
- $70,181
- Interest paid
- $120,376
- Balance remaining
- $504,219
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
About the suite: in Kensington-Chinatown basements rarely rent out (2 of 51 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 9 whole-home leases in Kensington-Chinatown signed at a median of $5,239 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,639. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.