$1,050,000 - 20 Edward Street Unit 1510, Downtown Toronto
New Construction for Sale in Downtown Toronto
138 days on market- MLS Number
- C12678870
- Property Type
- New Construction
- Status
- active
- Days on Site
- 138
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CONDOWONG REAL ESTATE INC.
A truly rare opportunity for end users seeking space, light, and iconic views in the heart of downtown Toronto. This beautifully proportioned 941 sq. ft. three-bedroom residence offers a level of livability seldom found in the urban core. An exceptional 305 sq. ft. oversized wrap-around balcony, PARKING, and LOCKER complete a package that has become increasingly scarce in this location. Bathed in natural light, the south-facing exposure and expansive floor-to-ceiling windows create an airy, uplifting atmosphere throughout the home. From both the living room and the primary bedroom, enjoy stunning, unobstructed views of the CN Tower and Toronto City Hall - a daily reminder that you are living at the very centre of the city. The thoughtful three-bedroom layout offers genuine flexibility for families, professionals working from home, or those simply wanting room to breathe - without compromise. Step outside to one of the largest balconies in the building, an extension of your living space that's perfect for morning coffee, evening dinners, or hosting friends against the city skyline. The thoughtful three-bedroom layout offers genuine flexibility for families, professionals working from home, or those simply wanting room to breathe - without compromise. Step outside to one of the largest balconies in the building, an extension of your living space that's perfect for morning coffee, evening dinners, or hosting friends against the city skyline. Large, well-designed three-bedroom homes with outdoor space, parking, and landmark views in this location are becoming harder to find each year. This is not just a condo - it's a long-term home in a location that will always matter.
Estimate your monthly payments for this property
Estimated Payment
$4,644.50/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.
20 Edward Street Unit 1510, 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 $1167/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 138 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.
Efficient Living
At 900 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,375 (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.