$789,000 - 1 Ruttan Street Unit 112, Downtown Toronto
Condo for Sale in Downtown Toronto
50 days on market- MLS Number
- C13048990
- Property Type
- Condo
- Status
- active
- Days on Site
- 50
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 1 Ruttan Street, a bright and open-concept townhome offering a fantastic layout and exceptional pride of ownership throughout. This meticulously maintained residence features laminate flooring across all levels, a spacious living and dining area ideal for entertaining, and a modern kitchen complete with granite countertops and ample cabinetry. The open-concept design creates a warm, seamless flow, while the convenient main-level den provides the perfect space for working from home.Located in Toronto's highly sought-after Junction Triangle, this home offers incredible walkability and transit access. Enjoy a short walk to the UP Express - Bloor Station, where you can head east into Toronto's downtown core or west to Toronto Pearson International Airport. Stroll to neighbourhood staples including Terroni - Sterling Road and the acclaimed Museum of Contemporary Art Toronto.Outdoor lovers will appreciate being within walking distance of High Park, while food and culture enthusiasts will enjoy the nearby energy of Roncesvalles Village, the trendy The Junction, and the vibrant Dundas & Ossington strip. Daily convenience is unmatched with Loblaws - Dundas St W, No Frills - Dundas St W, and FreshCo - Dundas & Bloor all within walking distance.Coffee lovers can enjoy a number of local favourites just steps away, including Martin Espresso Bar, Ethica Coffee Roasters, and Forno Cultura - Sterling Road. Commuters benefit from access to two subway stations-Dundas West Station and Lansdowne Station-with the Gardiner Expressway just minutes away.This is a rare opportunity to own a beautifully maintained, move-in-ready home in one of Toronto's most vibrant and connected neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,047.98/mo
Includes CMHC insurance ($22,013)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Ruttan Street Unit 112, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $986/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 50 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.