$1,125,000 - 560 Front Street Unit 1131, Downtown Toronto
Condo for Sale in Downtown Toronto
69 days on market- MLS Number
- C12970518
- Property Type
- Condo
- Status
- active
- Days on Site
- 69
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North South
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK BIBBY GROUP REALTY
Rarely Does A Residence Of Such Architectural Refinement & Unrivaled Luxury Become Available At Front & Bathurst. This Meticulously Designed And Fully-Updated Masterpiece In Reve Condominiums Offers 1060 Well-Appointed Interior Square Feet. The Three-Bedroom Home Provides An Unparalleled Living Experience With Refined Custom Finishes Throughout, Complemented By Breathtaking Views From A Private South-Facing Balcony. The Home Is Perfectly Situated In The Building As Each Room Exudes Panoramic Serenity With A Rare South and North Exposure. The Well-Defined Formal Principal Rooms Accommodate An Unrivaled Living Experience And Are Designed For Seamless Entertaining On Any Scale. The Custom Built Kitchen Features Quarts Countertops And Backsplash As Well As Top Of The Line Appliances From Bosch, Porter & Charles, Leibherr & Aeg. The Kitchen Provides Functionality With A Convenient Breakfast Bar & Ample Storage With An Adjoining Coffee Bar. The Indulgent Primary Bedroom Retreat Features A Large Walk-In Closet And Opulent Fully-Updated Three-Piece Spa-Like En-Suite Bathroom With An Aquaflo Smart Toilet & A Tenzo Airboost Rain Shower. The Second Bedroom Showcases Captivating North Views And Has Easy Accessibility To The Second Fully-Updated Bathroom. The Large Third Bedroom Is Perfect For All Guests, Families Or Those In Need Of An Enclosed, Discreet Working Environment. Other Tasteful Updates Include Upgraded Hardwood Flooring Throughout, New Lighting Fixtures & Pot Lights, Remote Controlled Window Coverings, New 8" Baseboards, New Door Hardware & Hinges, New Electrical Outlets With Usb A/C, New Light Switches & Dimmers. World Class Amenities & Location. Steps To Renowned Shopping And Restaurants Of King West, The Entertainment & Financial Districts & The Well. Easy Access To Martin Goodman Trail, Lake Ontario, Billy Bishop, Gardiner Expressway, CN Tower, Scotiabank Arena, Rogers Centre, Toronto Convention Centre, Coronation Park & The Bentway.
Estimate your monthly payments for this property
Estimated Payment
$4,976.25/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.
560 Front Street Unit 1131, 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 $1125/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 69 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,688 (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.