$799,999 - 550 Front Street Unit 207, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13224558
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Incredible value at $745/per sq ft!! Where else in King West can you find this much space for the price? Whether you're looking for a unique place to call home or you're an investor who recognizes the long-term potential of buying quality real estate at the right time, this is an opportunity worth serious consideration. This sun-filled two-storey corner suite combines the convenience of condo living with the feel of a private urban townhome. Offering 1,073 square feet across two thoughtfully designed levels, plus an impressive ~200 sq ft south-facing walkout terrace, this is a floor plan that stands apart from the typical condo. The main level features 9-foot ceilings with generous space for both living and dining. Perfect for hosting friends or enjoying relaxed evenings at home. Large windows fill the space with natural light throughout the day. Step outside to your private terrace oasis, complete with water/electrical/gas hookups (BBQ included), making summer entertaining effortless. Upstairs, you'll find two sizeable bedrooms tucked away for privacy and comfort. With its unique layout, substantial outdoor space, and attractive price per square foot, this home represents a compelling opportunity in one of Toronto's most sought-after neighbourhoods. Steps to The Well, Rogers Centre, Farm Boy, Stackt Market, and the waterfront, this is downtown living at its best. Opportunities like this don't come around often - don't miss your chance to call this one home.
Estimate your monthly payments for this property
Estimated Payment
$4,104.41/mo
Includes CMHC insurance ($22,320)
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.
550 Front Street Unit 207, 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
Competitive Pricing
At $800/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 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.
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 $3,333 (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.