$849,900

For sale

#1208 25 Lower Simcoe Street, Toronto (Waterfront Communities) - Single Family for Sale

#1208 25 Lower Simcoe Street, Toronto (Waterfront Communities), Ontario, M5J3A1

3 beds2 baths1 parking850 ft²$866/mo condo feeListed 29 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 29 days, fresher than the Toronto average of 57 days.

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Description

Stunning south west corner unit in Toronto's premium Waterfront Communities! This spacious, sun-filled 2-bedroom plus den layout features expansive floor-to-ceiling windows with both city and lake views, including an unobstructed view of the CN Tower. The versatile den includes both a window and a door, making it perfect for a third bedroom or private home office. Enjoy a sleek, open-concept living and dining area with granite countertops, stainless steel appliances, and multiple walkouts to the balcony from the living room and primary bedroom. Includes 1 parking space and 1 locker. A transit rider's paradise with a perfect 100/100 Transit Score and direct indoor access to the PATH system, Union Station, TTC, GO Transit, and the UP Express. Steps from Scotiabank Arena, Rogers Centre, and the Harbourfront! (id:66096)

Property Details

MLS®: C13866928
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $866/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,776/yr
Listed: 29 days ago

Rooms

Main level

Living room: 5.59 x 3.9 meters
Dining room: 5.59 x 3.9 meters
Kitchen: 2.74 x 2.45 meters
Primary Bedroom: 4.12 x 3.05 meters
Bedroom 2: 3.05 x 2.74 meters
Den: 2.67 x 2.51 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,000

List price

$850K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Waterfront Communities) has been listed for 29 days, which is 28 days fresher than the city average of 57. Act while there is still low competition.

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Listed by TARA ALKHALISI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5J)

This home lists at $849,900, about 9.0× the local median household income of $94,000.

Carrying it typically needs a household income of about $166,015 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.

Median household income: $94,000
Population: 16,879
Median age: 33.6
Owner / renter: 43% / 57%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5J)

$849,900· $1,000/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,990

Min 7.06%50%

Mortgage payment$4,379/mo

↳ CMHC premium ($31,596 capitalized)

Property tax (est.)$315/mo

Condo fee$866/mo

Total monthly$5,560

Cash Needed to Close

Down payment (7.06%)$59,990

Land transfer tax$26,946

Est. closing costs$5,050

Total cash needed$91,986

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