$499,000 - 3 Concord Cityplace Way Unit 627, Downtown Toronto
Condo for Sale in Downtown Toronto
54 days on market- MLS Number
- C13037144
- Property Type
- Condo
- Status
- active
- Days on Site
- 54
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX EXCEL REALTY LTD.
Experience elevated waterfront living in this brand-new 1+1 bedroom residence at the iconic Concord Canada House, where luxury, design, and breathtaking views come together. Flooded with natural light through floor-to-ceiling windows, this bright and modern suite features a sophisticated open-concept layout with premium finishes throughout. The state-of-the-art Miele kitchen showcases built-in appliances, sleek cabinetry, and an upgraded quartz backsplash, while the spa-inspired bathroom is enhanced with quartz wall finishes for a refined, contemporary feel. The versatile den, complete with a sliding door, is perfect for a home office or guest space. Step outside to your oversized 120 sq. ft. balcony, offering seamless indoor-outdoor living and stunning views of Toronto's skyline and Lake Ontario. Located in the heart of Toronto's waterfront and within the vibrant Concord CityPlace community, this landmark residence sits beside the CN Tower and Rogers Centre, forming a striking addition to the city skyline. Residents enjoy world-class amenities, including a winter skating rink that transforms into a serene summer pond, along with unmatched access to transit, waterfront trails, parks, top dining, entertainment, and major attractions. Whether you're seeking a prestigious address or a prime investment, this exceptional home delivers unparalleled views, luxury, and convenience in one of Toronto's most coveted locations.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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.
3 Concord Cityplace Way Unit 627, 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 $832/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 54 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.
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.
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.