$980,800

For sale

#515 140 Simcoe Street, Toronto (Waterfront Communities) - Single Family for Sale

#515 140 Simcoe Street, Toronto (Waterfront Communities), Ontario, M5H4E9

3 beds2 baths1 parking1,100 ft²$1,140/mo condo feeListed 25 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 25 days, fresher than the Toronto average of 57 days.

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Description

Experience elevated living in this exceptionally spacious, nearly 1,200 sq. ft. corner suite. Defined by its excellent flow and functional layout, this residence features a rare two-bedroom plus enclosed den - utilized as a private third bedroom. Natural light cascades through South & East exposures, while two private balconies provide an exquisite vantage point with iconic views of the Shangri-La! The primary retreat is a true city sanctuary with a walk-in closet and a lavish five-piece, spa-inspired ensuite. A generous secondary bedroom features a large window and ample closet, connecting seamlessly to the beautifully appointed family bath. At the heart of the home, the renovated kitchen marries style with utility, showcasing premium stainless steel appliances, modern lighting, and a breakfast bar seating. A thoughtfully designed foyer with closets, laundry, and abundant storage highlights the suite's practical elegance. Completely turnkey, it includes dedicated parking and a locker. Perfectly positioned downtown, 140 Simcoe offers a tranquil enclave just steps from the city's finest theatres, dining, shopping, and transit. (id:66096)

Property Details

MLS®: C13885426
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,140/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,680.6/yr
Listed: 25 days ago

Rooms

Flat

Living room: 5.79 x 2.83 meters
Dining room: 5.66 x 3.53 meters
Kitchen: 5.66 x 3.53 meters
Den: 4.35 x 1.82 meters
Primary Bedroom: 3.53 x 3.01 meters
Bedroom 2: 3.06 x 2.52 meters

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

Features

Appliances: Window Coverings
Flooring: Laminate
Exterior: Brick, Stone
Lot Features: Elevator, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$892

List price

$981K

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 25 days, which is 32 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · JORGINA LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $980,800, about 10.9× the local median household income of $90,000.

Carrying it typically needs a household income of about $191,585 (20% down, 25-yr amortization, stress-tested) — roughly 113% above the area median.

Median household income: $90,000
Population: 3,248
Median age: 31.4
Owner / renter: 36% / 64%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5H)

$980,800· $892/ft²

For sale

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Full Cost Breakdown

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Down Payment7.45% · $73,080

Min 7.45%50%

Mortgage payment$5,033/mo

↳ CMHC premium ($36,309 capitalized)

Property tax (est.)$390/mo

Condo fee$1,140/mo

Total monthly$6,563

Cash Needed to Close

Down payment (7.45%)$73,080

Land transfer tax$32,182

Est. closing costs$5,442

Total cash needed$110,704

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