$3,295,000 - 55 Stewart Street Unit 1026, Downtown Toronto
Condo for Sale in Downtown Toronto
63 days on market- MLS Number
- C13010804
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK BIBBY GROUP REALTY
Rarely Does A Residence Of Such Great Importance & Unrivaled Luxury Become Available In King West. Offered For The First Time, This 3027 Square Foot, Two-Bedroom, Three-Bathroom Penthouse Provides An Unrivaled Living Experience Complemented By A Private Elevator & Terrace Oasis. Every Inch Of This Immaculate Residence Reflects Superior Craftsmanship And Attention To Detail With Refined Modern Finishes. The Southeast, South, Southwest Exposures & Floor To Ceiling Windows Provide An Abundance Of Natural Light Throughout - The Penthouse Is Perfectly Situated In The Building As Each Room Exudes Panoramic Serenity. The Expansive, Sun-Drenched Principal Rooms Are An Entertainers Dream As Each Room Seamlessly Integrates Into A Full-Width Private Terrace Showcasing Breathtaking Views Of Victoria Memorial Park And Downtown Toronto. The Terrace Oasis Features Natural Gas For Your Bbq & A Convenient Hose Bib. The Breathtaking Modern Kitchen Features Top Of The Line Appliances & An Expansive Center Island Which Overlooks The Grand Dining Room. The Second Floor Also Features A Private Home Office Which Has Access To A West-Facing Secondary Balcony. The Upper Level Features An Expansive Primary Bedroom Boasting A Large Walk-In Closet, And Five-Piece Spa Like En-Suite Bathroom. The Large Second Bedroom Includes A Convenient Four-Piece Ensuite Bathroom Which Is Perfect For Guests & Family. The Upper Level Also Features A Private Family Room Which Could Be Used As A Home Gym, Studio Or Additional Office. This Penthouse Has Six Locker Units & Two Parking Spaces. The Residence Grants You Easy Access To Public Transit, The Gardiner Expressway, Upcoming Ontario Line, Highly-Acclaimed Restaurants & Cafes Of King West, The Well, Waterworks Food Hall, Entertainment & Financial Districts, Billy Bishop, Harbourfront & Martin Goodman Trail. Convenient Access To World Class Amenities At 1Hotel Directly From The Building Which Includes State Of The Art Fitness Facility & Rooftop Infinity Pool.
Estimate your monthly payments for this property
Estimated Payment
$14,574.90/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 Stewart Street Unit 1026, 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 $1098/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.
Negotiation Opportunity
At 63 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
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.