$2,495,000 - 121 Markham Street, Downtown Toronto
Townhouse for Sale in Downtown Toronto
49 days on market- MLS Number
- C12700648
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 49
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to your dream home in one of Toronto's most sought-after neighbourhoods: Trinity Bellwood's in vibrant Queen West. Perfectly positioned for convenience, this rare modern residence offers easy access to transit, trendy shopping, top-rated restaurants, and charming cafes, all just steps from your door. Offering nearly 3,200 square feet of thoughtfully designed living space, this home impresses with soaring ceilings and an open-concept main floor that is ideal for both everyday living and effortless entertaining. The stylish living room flows seamlessly into a large, eat-in kitchen and an expansive double-height family room that opens directly to the backyard perfect for indoor-outdoor gatherings. The second floor features two generously sized bedrooms, a small den area ideal for a home office or a study nook, and stylish finishes throughout. The third floor is dedicated to the luxurious primary retreat, complete with a spa-inspired ensuite, a walk-in closet, and a stunning rooftop terrace boasting panoramic views of Toronto's iconic skyline. With 3+1 bedrooms and 5 bathrooms, this home offers flexibility for families, guests, or your work-from-home needs. The oversized garage is a rare bonus, featuring a small gym and plenty of room for all your storage needs. Extras: automated blinds throughout, two gas fireplaces, east and west rooftop patios, alarm system, two furnaces, extra sound proofing btw party wall, architectural drawings for an additional third floor office, private backyard w/ easy
Estimate your monthly payments for this property
Estimated Payment
$11,036.23/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.
121 Markham Street, 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 25+ years of GTA real estate experience
Premium Pricing
At $1248/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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 5 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 $10,396 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.