$698,000 - 108 Peter Street Unit 3203, Downtown Toronto
Condo for Sale in Downtown Toronto
49 days on market- MLS Number
- C13051908
- Property Type
- Condo
- Status
- active
- Days on Site
- 49
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to this bright 2 bedroom, 2 bathroom home at Peter Adelaide Condos, perfectly situated in the heart of downtown. Take in stunning city views from expansive windows or unwind on your private balcony high above it all. The sleek, modern kitchen features built in appliances, full size stainless steel finishes, and a seamless stone backsplash and countertop design that creates a clean, cohesive look. Laminate flooring runs throughout the space, enhancing the home's contemporary feel. The spacious primary bedroom offers beautiful east-facing views along with a private ensuite. A well appointed second bedroom includes a large closet and stylish black trim modern doors, while the additional full bathroom is ideal for guests or everyday use. The open concept living area is filled with natural light and smooth ceilings, creating an inviting space to relax or entertain. Step out onto your quiet, private balcony which is an ideal and quiet retreat above the city. Storage is abundant, with the rare offering of two large side-by-side lockers - an exceptional feature for downtown living. All window coverings and ceiling light fixtures have been thoughtfully installed for your convenience. Enjoy premium building amenities including multiple outdoor terraces, a rooftop pool with cabanas, a fully equipped gym, sauna, and party room - offering a true lifestyle experience without leaving home. Located just steps from everything downtown has to offer, including a grocery store at the base of the building, as well as restaurants, bars, theatres, transit, the PATH, Union Station, and the vibrant King West, Entertainment, and Financial districts. Experience immaculate living in one of Toronto's best neighbourhoods, within a beautifully built and impeccably maintained building.
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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.
108 Peter Street Unit 3203, 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 $1163/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.
Negotiation Opportunity
At 49 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 600 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.
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 $2,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.