Th. 2-188 Spadina Avenue, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13118608
About this home
This is a rare Oversized Condo! Space is the ultimate Luxury! Presenting a hidden urban gem and true sanctuary in the heart of downtown Toronto. This incredible 2 level home boasts an expansive, sun-filled layout that offers the rare scale and privacy of a detached house. The main floor is designed for family and entertaining, featuring a dedicated dining area and a bright living room with a rare wood-burning fireplace and large west-facing windows. The eat-in Kitchen has been tastefully renovated with quartz countertops and solid maple cabinetry. Upstairs, the oversized landing, bathed in natural light through the skylightm offers a versatile footprint for a home office or a quiet reading nook. The west facing primary suite is spacious with room for a reading area, large closets, a makeup area with an addition sink and 4pc ensuite. Two additional generous bedrooms and a 4pc bath complete the upper level. The highlight of this home is the private, treed front terrace, an incredibly rare find in the city core. Perfect for bbqing and outdoor lounging, you'd never guess you were in the middle of the city! The building amenities include a discreet front entrance, indoor swimming pool, exercise room, party/meeting room, sauna, large outdoor terrce area with meticulously maintained mature landscaping and visitor parking. Just steps from the eclectic energy of Queen West , Kensington Market, the Theatre District, Lake Ontario, public transit and so much more, 188 Spadina home offers a quiet escape in Toronto's most dynamic cultural hub.
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- C13118608
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2000-2249
- Cross streets
- Spadina Rd and Queen St. W.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $2,127/mo
- Exposure
- East West
- Property tax
- $3,899 / 2025
- Days on market
- 66
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
tile floor · 4 pc ensuite
parquet · open concept · w/o to patio
parquet · fireplace · west view
tile floor · eat-in kitchen · renovated
parquet · open concept · 2 pc bath
broadloom · double closet · west view
broadloom · closet · picture window
tile floor · 4 pc bath
broadloom · double closet · west view
parquet · overlooks living · west view
Listed at $1,450,000, this home is tracking about 21% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
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 80 similar homes nearby, adjusted for size, beds, and baths.Median of 80 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $846K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.10M
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $1.05M
That comparable adjusts to $1.05M; the $1.20M estimate above is the median of all 80 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is City School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Spadina Ave At Queen St West South Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.20M, median of 80 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 18% above the area average of $581/sqft.
63 days longer than the Toronto average (3 days).
View comparable listingsPrice per square foot vs the area average.
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.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Spadina Ave At Queen St West South Side, about 94 m away
Within a 15-minute (1.5 km) walk.
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.
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 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,160,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,190
- Property tax
- $325
- Condo / maintenance fees
- $2,127
- Heating
- $0
- Estimated monthly cost
- $8,642
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $25,475
- Toronto municipal land transfer tax
- $25,475
- Estimated closing costs
- $50,950
Plus your down payment of $290,000. 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
- $371,411
- Principal paid down
- $147,726
- Interest paid
- $223,685
- Balance remaining
- $1,012,274
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.