$5,280,000 - 1 St Thomas Street Unit 1A, Downtown Toronto
Condo for Sale in Downtown Toronto
44 days on market- MLS Number
- C13085508
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 3,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
An Iconic Residence In The Heart Of Yorkville Offering The Best Of All Worlds...Main Floor, Two Story Residence With Private Elevator And Walk Out. Priced Per Square Foot Below Recent Solds. This Architecturally Distinguished Building Was Designed By The Award-Winning Robert A.M. Stern, With Interiors Masterfully Curated By The Celebrated Brian Gluckstein. This Rare Maisonette Suite Offers The Coveted Privacy And Presence Of A Detached Home, Seamlessly Paired With The Prestige And Convenience Of Luxury Condominium Living. A Gated Street-Level Entrance Leads To An Expansive Two-Level Layout Spanning Approximately 3,800 Square Feet-An Expression Of Refined Sophistication And Timeless Design. The Residence Features Two Generously Proportioned Bedrooms And Three Beautifully Appointed Bathrooms, With Grand-Scale Principal Rooms Bathed In Natural Light, Creating An Effortless Balance Of Elegance And Comfort Throughout. Every Detail Reflects Impeccable Craftsmanship, From The Classic Architectural Elements To The Thoughtfully Selected Finishes. At The Heart Of The Home, The Custom Downsview Kitchen Is Both Stunning And Functional, Equipped With Premium Miele And Sub-Zero Appliances And Complemented By A Spacious Walk-In Pantry-Ideal For The Discerning Culinary Enthusiast.The Primary Suite Is A Private Sanctuary, Offering A Serene Open Layout, An Oversized Walk-In Closet, And A Spa-Inspired Ensuite With Heated Floors. Each Space Has Been Meticulously Designed To Enhance Livability While Maintaining A Sense Of Understated Luxury. An Exceptional Offering In One Of Toronto's Most Prestigious Neighbourhoods, This Unparalleled Residence Delivers A Rare Opportunity To Experience Sophisticated Urban Living At Its Finest.
Estimate your monthly payments for this property
Estimated Payment
$23,355.22/mo
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 St Thomas Street Unit 1A, Downtown Toronto / Waterfront
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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
Premium Pricing
At $1408/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Larger Home Realities
At 3,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $22,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.