$595,000 - 30 Nelson Street Unit 314, Downtown Toronto
Condo for Sale in Downtown Toronto
33 days on market- MLS Number
- C13127646
- Property Type
- Condo
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS EMPOWERED REALTY
Ideally situated for access to both the University of Toronto and Toronto Metropolitan University, and located right between the Osgoode and St. Andrew TTC subway stations. Welcome to the prestigious Studio 2 condo, centrally located in Downtown Toronto, near both the Entertainment District and the Financial District, just steps to Roy Thomson Hall, Rogers Centre, and the iconic CN Tower. Built by Aspen Ridge, a developer renowned for over 25 years of high-end construction in the GTA, this property reflects quality, integrity, and thoughtful design. This 1-bedroom + den suite has been updated with fresh neutral paint and modern light fixtures, offering a move-in-ready home that exudes contemporary elegance and effortless comfort. This open layout features oversized windows that fill the living and dining areas with natural light. The well-appointed kitchen flows seamlessly into the living space, perfect for everyday living. A spacious den offers a home office or extra sleeping area, while the oversized balcony provides a private outdoor retreat. This suite also allows for quick stair access during peak elevator times and provides a faster exit route during building alarms, adding both convenience and peace of mind. Take advantage of exclusive building amenities, including a party room, gym, jacuzzi, dry sauna, board/meeting room, and billiard room, with a guest suite available for visitors. Ideally positioned close to top-ranked schools such as Holy Rosary and St. Vincent De Paul, within easy reach of major parks and the Harbourfront. Residents also enjoy vibrant shopping, dining, and cultural destinations nearby. With modern updates, a central downtown location, and premium amenities, this home delivers a lifestyle of convenience and elevated city living. You don't want to miss it!
Estimate your monthly payments for this property
Estimated Payment
$3,052.66/mo
Includes CMHC insurance ($16,601)
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.
30 Nelson Street Unit 314, 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
Fair Market Value
At $992/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 33 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 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 $2,479 (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.