$448,000 - 38 Grand Magazine Street Unit 1031, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 4 days ago- MLS Number
- C13158750
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- PSR
Live where Toronto was born. Rich with history yet thoroughly modern, this light-filled and flawlessly laid-out suite is where home and legacy become one. This is your grand opportunity to own a piece of Toronto's origin story. The contemporary kitchen, featuring full-size stainless steel appliances, flows seamlessly into a stylish open-concept dining and living area. Thoughtful details includes high ceilings, a spacious primary bedroom, and a sleek 3-piece bathroom with ensuite laundry. Best of all, double walk-outs from both the living room and bedroom open onto your oversized east-facing balcony - the perfect place to savour morning sunrises with your coffee and host unforgettable evening gatherings with friends and family. Storage is abundant and smartly designed, with two double closets featuring built-ins, custom hallway cabinetry, and a private locker. Your four-season wardrobe will thank you. Premium resort-style amenities include: 24/7 concierge, a fully equipped gym with free weights, cardio machines, and yoga studio, party room, media room, billiards and table tennis, library, conservatory, bike storage, guest parking, guest suites, and a rare pet spa - all complemented by a massive rooftop terrace featuring a heated outdoor pool and BBQs. Right outside your front door, you're surrounded by lush lakeside parks, scenic waterfront trails, and world-class sports, arts, and entertainment venues, including The Bentway, Fort York National Historic Site, Exhibition Place, BMO Field, and STACKT Market. Top-shelf shopping and dining in King West and Queen West are moments away, with the Bathurst and Fleet streetcars at your doorstep and quick access to the Gardiner Expressway for easy escapes to the countryside. Or, even better yet! Walk to Billy Bishop Airport in minutes and be on your way to the Bahamas! Meticulously maintained and move-in ready, this is a front-row lifestyle of convenience, comfort, and authentic Canadian heritage.
Estimate your monthly payments for this property
Estimated Payment
$2,298.47/mo
Includes CMHC insurance ($12,499)
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.
38 Grand Magazine Street Unit 1031, 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
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 0 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.