$1,038,000 - 57 St Joseph Street Unit 1008, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13157870
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- FIRST CLASS REALTY INC.
Great Location! Steps To U Of T!!! Rare find 3+1 Unit At 1 Thousand Bay st, Situated In The Heart Of Yonge/Bloor, This Luxurious Residence Features 3 Full Bedrooms, 2 Baths, A Functional Den, Enjoy Modern Urban Living With Engineered Hardwood Throughout, 9-Ft Ceilings, And Floor-To-Ceiling Windows That Flood The Space With Natural Light. The Upgraded Designer Kitchen Boasts Caesarstone Countertops, Stainless Steel Appliances, And A Stylish Backsplash. Step Out To A Massive 284 Sq Ft Wrap-Around Balcony Offering Exceptional Outdoor Living Space. Sophisticated Washrooms Feature Upgraded Marble Sinks. Steps To U Of T, TTC, Yorkville, And World-Class Shopping & Dining. Low Maintenance Fees And High Rental Potential Make This A Trophy Property For Professionals, Families, Or Investors.
Estimate your monthly payments for this property
Estimated Payment
$4,591.42/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.
57 St Joseph Street Unit 1008, 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
Premium Pricing
At $1298/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 21 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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $4,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.