$1,198,000 - 55 Harbour Square Unit 1414, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterday- MLS Number
- C12890462
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
This bright, year-round sunlit condo offers southwest exposure overlooking beautiful Ontario Lake, Toronto Island the cityscape. The cozy living and dining area that flows in to a separate large chef's kitchen. This inviting space is ideal for entertaining or enjoying priceless family moments, all while basking in the stunning southwest views. The thoughtfully designed kitchen is tucked away for privacy yet offers seamless access. The sizeable laundry room doubles as an additional walk-in storage with already abundant storage space for supplies and equipment. The oversized primary bedroom is a private retreat, featuring an ensuite bathroom and a walk-in closet. Situated within walking distance of Union Station Toronto's key transportation hub you'll enjoy practical access to the subway, GO Transit, VIA Rail, and the UP Express to Pearson International Airport. The PATH system is just a short stroll across Queen's Quay, while major highways (QEW and Don Valley Parkway) are a mere 2-minute drive away. Despite being in the heart of downtown, the tranquil lakeside setting provides a serene escape from the hustle and bustle. Experience the perfect balance of convenience and calm in this unique home. This iconic building offers spacious units that outsize comparable newer developments in the area at an exceptional value. Recognized as one of Toronto's best-managed condo buildings, it has a proven record of excellence in maintenance and staff service. Enjoy five-star amenities, including a fitness center, saunas, in-door pool, squash court, oversized rooftop garden with BBQs and great views of lake and Toronto Island and private shuttle buses. The all-inclusive condo fees cover heat, hydro, water, cable TV, Wi-Fi, and more, ensuring a seamless and luxurious living experience.
Estimate your monthly payments for this property
Estimated Payment
$5,299.16/mo
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.
55 Harbour Square Unit 1414, 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 25+ years of GTA real estate experience
Fair Market Value
At $856/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.
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.
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 $4,992 (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.