$729,990 - 156 Portland Street Unit 417, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13151116
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX EXCEL TITAN
Queen & Portland (156 Portland) is a rare boutique building with only 96 residences spread across 7 floors providing an intimate & private place to call home within the vibrant Queen West Neighbourhood.Built by Tribute Communities, an award-winning developer, with over 40 years of experience. Tribute has built over 40,000 homes and is one of the most reputable developers in the country. The building provides residents with direct underground access to Loblaws, making grocery runs convenient, even in the middle of the coldest winters. Enjoy magnificent sunrises over the CN Tower from the 250 SQ FT private Terrace. The private terrace has incredible depth, and the built-in gas line, allows you to entertain and host BBQs all summer long. Forget patio season, your next home at 156 Portland will unlock Terrace Season. Suite 417 is a rarely built 676 SQ FT 1 Bedroom plan that differs from the average downtown condo in every shape & form. Entertain or dine alone, after prepping meals on your 8' Quartz island, that is book-matched to the Quartz countertops. The suite features a wide-open, square living area that has a designated TV wall, and allows for furniture to be laid out in a variety of of ways. Walk to the top-rated restaurants in the city within walking distance, grab your croissants in the AM at Geste before grabbing lunch at Campechano. Enjoy an active downtown lifestyle as suite 417 is walking distance to all things health and wellness. Start your morning with a boot camp at Barry's before unwinding at Othership to end the day.
Estimate your monthly payments for this property
Estimated Payment
$3,745.23/mo
Includes CMHC insurance ($20,367)
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.
156 Portland Street Unit 417, 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 $1217/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 26 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.
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 $3,042 (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.