1221-297 College Street, Toronto, ON

Kensington-Chinatown, Toronto · MLS® C13580432

$1,650/mo
For Lease
Listed 4 days ago
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1Bedrooms
1Bathrooms
1Garage
900-999Sq Ft

About this home

** Room available ** in a well-maintained 3-bedroom, 2-bathroom condo at College Street & Spadina Avenue. The room features a large closet and some furnishings. Exceptional downtown location with TTC streetcar access at the door, 24-hour concierge service, direct indoor access to T&T Supermarket and TD Bank, and walking distance to campus, libraries, Chinatown and a wide range of dining options. Ideal for a responsible student seeking a clean, convenient, and study-friendly home. No-smoking and no pets. Parking spot is available for $150/month.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13580432
Bedrooms
1
Bathrooms
1
Size
900-999
Cross streets
College / Spadina
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Exposure
East
Days on market
4
Listing brokerage
ENSO REALTY INC.

Rooms

KitchenMain2.61 × 1.16 m

b/i appliances · stone counters · open concept

Dining RoomMain2.16 × 3.75 m

laminate · combined w/living

Bedroom 2Main2.74 × 2.99 m

laminate · large closet · se view

Living RoomMain2.44 × 3.75 m

laminate · combined w/dining · balcony

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent leases and give you a straight answer on what it will really take.

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.

Comparable listingsCurrently listed nearby in Kensington-Chinatown · asking prices
$2,600avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

1221-297 College Street$1,9502010, 2nd Bedroom-488 University Avenue$2,000405-160 Baldwin Street$3,850

The 3 closest active listings nearby.

See all comparable homes
1,650This home1,9502,0003,850This home vs active comparables
Live market pulseActive comparables in Kensington-Chinatown · median list $3K
21active listings nearby
4days on market
100leased nearby · 90 days
$3Kmedian leased price
99%of asking, on average

On the market now.

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Kensington-Chinatown, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Bay Street Corridor
$3K
Church-Yonge Corridor
$3K
Waterfront Communities C1
$3K
Moss Park
$2K
South Parkdale
$2K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near da Vinci School
67%
da Vinci SchoolPublic · Elementary · 0.2 km awayBelow the GTA average · 67% meet the provincial standard

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.4×Price ÷ income
$2Weekly cost
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $8Property tax $1Total carry $9

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7per month

Mortgage amount $1,320 · 4.14% over 25 years

$330Down payment (20.0%)
$1,320Loan before insurance
$0CMHC premium
$8Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8
Toronto municipal land transfer tax
$8
Estimated closing costs
$17

Plus your down payment of $330. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$9/monthPayment at the qualifying rate

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

$793Total interest paid
$2,113Total of all payments
Principal $1,320 Interest $793
YearPrincipalInterestBalance
1$31$54$1,289
2$32$52$1,257
3$34$51$1,223
4$35$50$1,188
5$36$48$1,152
6$38$47$1,114
7$40$45$1,074
8$41$43$1,033
9$43$42$990
10$45$40$946
11$47$38$899
12$49$36$850
13$51$34$800
14$53$32$747
15$55$30$692
16$57$27$635
17$60$25$576
18$62$22$514
19$65$20$449
20$67$17$382
21$70$14$311
22$73$11$238
23$76$8$162
24$79$5$83
25$83$2$0

At the end of your 5-year term

Total paid over the term
$423
Principal paid down
$168
Interest paid
$255
Balance remaining
$1,152

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.

Let's connect

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ENSO REALTY INC.. MLS®/PropTx.

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