$995,000 - 301 Markham Street Unit 602, Downtown Toronto
Condo for Sale in Downtown Toronto
34 days on market- MLS Number
- C13121458
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- HOUSESIGMA INC.
301 Markham Street sits quietly within a rarefied tier of condominium living in Trinity Bellwoods, where ownership is less about scale and comparison, and more about belonging to a select and established community. This is a residence that naturally attracts a discerning buyer profile, individuals who prioritize privacy, architectural integrity, and long term stability over transient trends in the broader condo market. Life here is defined by understatement rather than spectacle, and by a sense of calm continuity that is increasingly rare in the city. Unit #602, is an exceptional two-storey residence at Ideal Condos in the heart of Little Italy, offering approximately 1,280 sq. ft. of thoughtfully designed, freshly painted living space with sweeping south, north, and west views over this vibrant neighbourhood. Expansive floor-to-ceiling windows fill the home with natural light, while the open-concept layout connects the living, dining, and kitchen areas for seamless everyday living and entertaining. Step out to a large terrace (over 150 sq. ft.) with a gas line for BBQing and extending your living space outdoors. Interior features include 9-foot ceilings, two spacious bedrooms, a five-piece ensuite in the primary, and a versatile den ideal for a home office. Includes owned parking and a storage locker. Perfectly located steps to top restaurants, cafés, bars, shops, and transit, and minutes to parks, Kensington Market, U of T, the AGO, and the ROM. A rare opportunity for refined urban living in one of Toronto's most dynamic and culturally rich neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$5,104.87/mo
Includes CMHC insurance ($27,761)
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.
301 Markham Street Unit 602, 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 $829/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 34 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,146 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.