$649,990 - 297 College Street Unit 1517, Downtown Toronto
New Construction for Sale in Downtown Toronto
66 days on market- MLS Number
- C12989868
- Property Type
- New Construction
- Status
- active
- Days on Site
- 66
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- MASTER`S TRUST REALTY INC.
Welcome to Tribute's "The College" Condo! A Bright & Spacious Functional One Bedroom + Den With 9' Ceiling And Floor To Ceiling Windows. A Rare Unit (Only 2 Units In The Building )That Have This Unique Configuration With An Unobstructed Views In Every Room. The Feature Of This Unit Is That It Has A Den Which Already Includes A Door , An Operable Window & A Walk-In Closet, So It Can Be Fully Used As A Second Bedroom. Huge L shape Balcony. Kitchen With Great Amount Of Storage Space. 2 Mirrored Closets .4 Pieces Bath. This Building Is Ideally Located With Walking Distance To U Of T, OCAD, Public Transit TTC --Queen's Park Subway Station, Spadina St Car, Hospitals, Schools, Library, Kensington Market , Chinatown & World-Class Dining( 99 Walking Score & 100 Transit Score.) . Top-Tire Amenities : 24-Hour Concierge, a Gym, Theatre, Billiards, A Roof-Top BBQ Terrace, Guest Suites and More. The Condo Standout Feature Is : Directly Attached T&T Supermarket And TD Bank Which Offers Unmatched Convenience. Don't Miss Out This Downtown Living At One Of Toronto's Most Vibrant Neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$3,334.79/mo
Includes CMHC insurance ($18,135)
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.
297 College Street Unit 1517, 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 $1083/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 66 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 600 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 $2,708 (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.