$936,000 - 21 Grand Magazine Street Unit 908, Downtown Toronto
Condo for Sale in Downtown Toronto
49 days on market- MLS Number
- C13051288
- Property Type
- Condo
- Status
- active
- Days on Site
- 49
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- Royal Lepage Real Estate Associates
Try the "ReStyle Tool" on the pictures! Serenity, light, and community - this suite in this building has it all. 2 bedrooms + 1 Den with 2 windows & a door + 2 full bathrooms / 2 balconies. Situated on the 9th floor overlooking a stylish inner courtyard surrounded by the pulse of the neighbouring buildings. Updated and move-in ready for you! Professionally smoothed ceilings, quality paint throughout, new ceiling light fixtures that offer a lovely amber light option for evenings, and daylight brightness for your day. With a fun flick of the switch, the mood meets the moment. The floor plan is a split layout. This feature thoughtfully separates the principal suite from the other bedroom and 3-piece full bathroom area. The Den is spectacular. Private with floor-to-ceiling windows. It has been used as a 3rd bedroom. The Primary Bedroom Suite includes 2 closets, a 4-piece ensuite, and a private balcony. Your other personal space includes a HUGE locker [approx. 12' x 7' x 8' (height)]. Located behind your private locked door at your parking spot. Deluxe! The stunning Art Deco-inspired inner Courtyard is fabulous in all seasons. It leverages style, functionality, community, and serenity. Fully landscaped with trees, seating areas, and BBQ stations. The winter scene as viewed from Suite 908, with snow on the ground, was architecturally striking. Just wait until all those trees pop their leaves! Other amenities are located on the 11th floor and seem endless: A curated indoor pool room feels like luxury. See the pictures! Nicely furnished, large resident lounge that is linked to a dining area for catered events. Large and fully equipped gym with windows. Smaller Yoga Room for lighter or different forms of exercise. Guest suites. I can't say enough about this community pocket. Everything is walkable - easily 10 minutes or less. This is a transit hub area that embraces a community design. Every necessity and recreational opportunity imaginable is found here.
Estimate your monthly payments for this property
Estimated Payment
$4,802.17/mo
Includes CMHC insurance ($26,114)
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.
21 Grand Magazine Street Unit 908, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Fair Market Value
At $936/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.
Negotiation Opportunity
At 49 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.
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 $3,900 (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.