$624,700 - 18 Beverley Street Unit 412, Downtown Toronto
Condo for Sale in Downtown Toronto
39 days on market- MLS Number
- C13099988
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Phoebe on Queen stands apart as a luxury boutique residence uniquely surrounded by gardens, greenery, and a genuine sense of community. It is a unique refreshing alternative to the concrete jungle found throughout many areas of the city. Queen West is one of Toronto's most vibrant and sought-after neighbourhood This condo provides a unique combination of exclusivity and space with approx. 740 sqft it features 1-bedroom plus a den which offers exceptional flexibility. This unit was designed with modern urban living in mind, the open-concept layout features a large entertainer's kitchen with generous counter space and a fabulous breakfast bar, creating the ideal setting for both everyday living and social gatherings. The spacious primary bedroom comfortably accommodates either a king or queen-sized bed - a highly sought-after feature rarely found in comparable downtown condos. A bright 4-piece ensuite bathroom with a private bathtub further enhances the comfort and functionality of the primary bedroom space. The den is a perfect work-from-home office w/custom wood built-in closet and desk or you may wish to use it as a second bedroom with a fabulous 3pc bath with stand-up shower steps away. Built by award-winning Diamante Development Corporation, Phoebe on Queen is an extremely popular and seldom-offered residence ideally located steps from art galleries, designer boutiques, fine dining, and trendy restaurants. The exciting Kensington Market is just a short walk away, while Toronto's world renowned Hospitals, Theatres, Entertainment & Financial Districts are all conveniently located within walking distance . Commuting is effortless with the Osgoode Station only minutes away, it provides quick access to the subway and Toronto's famous underground known as the PATH Phoebe on Queen offers the perfect opportunity to experience urban living at its finest - combining luxury, convenience, community, and one of the best lifestyle locations in the City of Toronto.
Estimate your monthly payments for this property
Estimated Payment
$3,205.03/mo
Includes CMHC insurance ($17,429)
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.
18 Beverley Street Unit 412, 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
Fair Market Value
At $892/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 39 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 700 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 $2,603 (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.