$724,900 - 295 Adelaide Street Unit 313, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13151448
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Experience the best of downtown Toronto living in this freshly painted 2 bedroom, 2 bathroom condo perfectly positioned in one of the city's most vibrant and walkable neighbourhoods. Thoughtfully designed with a highly desirable split bedroom layout, this suite offers exceptional functionality, privacy, and a spacious feel that lives larger than expected.Conveniently located on the 3rd floor podium level, this unit offers easy in and out access without relying on elevators, an often overlooked feature that adds everyday convenience to downtown living. The oversized balcony provides an exceptional amount of outdoor space rarely found in the core, perfect for morning coffee, evening drinks, or simply unwinding after a busy day. You will love the open concept layout of this unit - ideal for both everyday living and entertaining.The spacious primary bedroom features generous his and hers closets along with a full ensuite, while the second bedroom offers incredible flexibility for guests, a home office, or shared living. Complete with both parking and a locker, this home delivers true convenience and comfort in the heart of the city.Step outside and immerse yourself in the ultimate urban lifestyle with top restaurants, cafés, nightlife, entertainment, shopping, and transit all just moments away. Walk to the Entertainment District, Rogers Centre, and Scotiabank Arena with ease.Residents enjoy an impressive collection of amenities including 24 hour concierge, rooftop terrace with BBQ area, indoor pool, sauna, hot tub, fully equipped gym, games room, party room, media lounge, and more.Perfect for young professionals, couples, first time buyers, or investors looking for the complete downtown lifestyle. Why rent when you can own in one of Toronto's most exciting locations?
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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.
295 Adelaide Street Unit 313, 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
Fair Market Value
At $1036/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 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 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 $3,020 (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.