$1,199,000 - 168 Simcoe Street Unit 1513, Downtown Toronto
Condo for Sale in Downtown Toronto
91 days on market- MLS Number
- C12888834
- Property Type
- Condo
- Status
- active
- Days on Site
- 91
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Juliette
- Listing Brokerage
- AXON CAPITAL REALTY ADVISORS INC.
Spacious executive sub-penthouse corner suite at Tridel's Qwest with 1040 SqFt as per builders plan. Enjoy all utilities included in Condo Fees, along with 1 parking space and 1 locker. Featuring an efficient layout with no wasted space, this split-bedroom floor plan offers privacy and functionality with two large bedrooms, two full bathrooms, and two Juliette balconies. The optimally designed and renovated eat-in kitchen features brand new premium KitchenAid appliances, quartz countertops and backsplash, deep undermount sink and ceramic tile flooring. A separate breakfast area features a large window that fills the space with natural light. Hardwood floors run throughout the living room and bedrooms, with additional features including mirrored closets, pot lights in both bedrooms and bathrooms, rainhead showers, and an electric fireplace in the living room. The primary bedroom offers a four piece ensuite and a walk-in closet with custom built-in organizers. The prime downtown location is just steps to the future Ontario Line station at Simcoe & Queen, with easy access to the PATH, TTC, theatres, restaurants, and shopping. Building amenities include a 24 hour concierge, visitor parking, rooftop terrace with BBQ, sauna, hot tub, party room, billiards room, and media room.
Estimate your monthly payments for this property
Estimated Payment
$5,303.58/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.
168 Simcoe Street Unit 1513, 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 $1199/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 91 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.
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 $4,996 (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.