$649,000 - 125 Peter Street Unit 3406, Downtown Toronto
Condo for Sale in Downtown Toronto
72 days on marketNeighbourhood: Waterfront Communities C1
- MLS Number
- C12966216
- Property Type
- Condo
- Status
- active
- Days on Site
- 72
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Nestled in the heart of Downtown Toronto's Entertainment District, just steps from Queen St W and Spadina Ave, this open concept 1 bedroom plus den has it all! ***The SPACIOUS DEN WITH A SLIDING DOOR offers functional flexibility, working as a second bedroom, nursery, or private office. Enjoy ***a sleek, crisp white MODERN KITCHEN with STONE COUNTERS as well as integrated and STAINLESS STEEL APPLIANCES ***590sqft of open concept space plus a 105sqft north facing BALCONY WITH STUNNING CLEAR CITY VIEWS ***floor to ceiling windows ***warm dark brown laminate flooring ***ensuite laundry ***wall-to-wall bedroom closets ***as well as SLIDING BEDROOM DOORS that can be drawn back for a light filled, airy, open concept feel. Call this dream suite your own! Perfect for new families looking for a fresh start, young professionals, and investors. Live just a short walk from shops, restaurants, cafes, Osgood TTC Station, Roy Thomson Hall, the Art Gallery of Ontario, Grange Park, Nathan Phillips Square. Approx. 20 minutes walk to the University of Toronto. Amenities include: ROOFTOP TERRACE, gym, yoga studio, theater room, games room, billiards room, reading room, guest suite, party room, conference room, and 24 hour concierge.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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.
125 Peter Street Unit 3406, 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
Premium Pricing
At $1298/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 72 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 500 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.
About Waterfront Communities C1
I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.