$1,200,000

For sale

#PH02 126 Simcoe Street, Toronto (Waterfront Communities) - Single Family for Sale

#PH02 126 Simcoe Street, Toronto (Waterfront Communities), Ontario, M5H4E6

1 bed2 baths1 parking1,100 ft²$1,187/mo condo feeListed 11 days ago

Overview

This 1-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 11 days, fresher than the Toronto average of 57 days.

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Description

Welcome to an extraordinary two-storey penthouse in the heart of Toronto's Entertainment District, offering nearly 1,200 sq. ft. of interior living space and a spectacular 616 sq. ft. private wraparound terrace. This is downtown living on an entirely different level. Enjoy sweeping southwest and northwest city views, exceptional natural light, soaring 10-foot ceilings and a layout that feels more like a home than a condo. The showpiece is your expansive outdoor retreat, complete with a custom putting green and plenty of room to entertain, dine or simply unwind above the city. Inside, a gourmet kitchen with stainless steel appliances complements the spacious living and dining areas, while the generous primary suite features a walk-in closet, private ensuite and walkout to a second balcony. Two lockers provide valuable additional storage. Just steps from the PATH, world-class dining, entertainment, shopping and transit. A rare opportunity to own a truly distinctive penthouse with outdoor space that's almost impossible to replicate in downtown Toronto. (id:66096)

Property Details

MLS®: C14113940
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,187/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $6,650.4/yr

Rooms

Flat

Living room: 4.56 x 4.41 meters
Dining room: 3.35 x 3.1 meters
Kitchen: 4.4 x 2.1 meters

Upper Level

Primary Bedroom: 5.6 x 4.6 meters

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

Features

Flooring: Hardwood
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,091

List price

$1.20M

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 1-bed single family in Toronto (Waterfront Communities) has been listed for 11 days, which is 46 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · DIVYA JASSAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $1,200,000, about 13.3× the local median household income of $90,000.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 160% 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)

$1,200,000· $1,091/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$554/mo

Condo fee$1,187/mo

Total monthly$7,867

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$40,950

Est. closing costs$6,100

Total cash needed$142,050

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