$999,000 - 40C Shank Street Unit 9, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13168812
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- North South
- Balcony
- Open
- Listing Brokerage
- GFA REALTY LTD.
Rare Opportunity in Trinity Bellwoods neighbourhood!Welcome to this stunning, fully renovated two-storey upper townhouse in one of Toronto's most coveted neighbourhoods. Completely transformed in 2021, no detail was overlooked - this home is truly move-in ready! The Interior: Step inside to bright, modern living spaces featuring brand-new flooring throughout, all-new pot lights, and smooth ceilings (stucco removed!) for a clean, contemporary feel. The open-concept main floor boasts a large kitchen with brand-new appliances and flows seamlessly out to one of two freshly repainted decks (2025), overlooking a private courtyard. Cozy up by the wood-burning fireplace - a rare and coveted find in the city! The new staircase features sleek modern glass railings with elegant in-wall stair lighting, making every trip upstairs feel like a design moment. The Bedrooms & Bathrooms: Two generously sized bedrooms, each with its own private ensuite - a luxury rarely found at this price point. The master suite is nothing short of a spa retreat, complete with a stunning built-in shower and a separate freestanding soaker tub. The second full bathroom and a convenient powder room round out the 2+1 bath layout, all fully renovated in 2021. Maintenance & Inclusions: What truly sets this property apart is the exceptional maintenance package and premium inclusions: Snow removal - never shovel again! Weekly landscaping - your outdoor spaces always look their best Weekly vestibule cleaning - a tidy, welcoming entrance year-round Annual chimney cleaning - so your wood-burning fireplace is always ready to enjoy Annual dryer vent cleaning - peace of mind and fire safety, covered Freshly repainted decks (2025) - move-in ready with nothing left to do. Oversized parking space in an underground heated garage - a true urban luxury Large secure locker storage - because city living shouldn't mean compromising on space.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
40C Shank Street Unit 9, 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 $833/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 22 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.
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 $4,163 (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.