$945,000 - 576 Front Street Unit 1701, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13238254
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to this stunning Sub-Penthouse at 576 Front St W, offering the perfect blend of luxury, style, and convenience. This beautifully upgraded 2-bedroom + Den, 2-bathroom suite features over $100,000 in premium upgrades and showcases exceptional attention to detail throughout. Thoughtfully customized with elegant millwork wall paneling, spacious California walk-in closets, electric blinds, and designer LED mirrors in both bathrooms. The spacious primary suite features a luxurious ensuite bathroom with a double vanity, while the open-concept layout is ideal for both everyday living, working and entertaining. Enjoy the convenience of an owned underground parking space equipped with an Electric Vehicle charger, as well as a dedicated storage locker. Located in one of Toronto's most vibrant neighbourhoods, you're just steps from The Well, Stackt Market, trendy restaurants, groceries, cafés, the waterfront, parks, transit, and the Financial District. A rare opportunity to own a turnkey Sub-Penthouse with designer upgrades in one of downtown Toronto's most sought-after communities. Residents also enjoy access to exceptional amenities, including a state-of-the-art gym, outdoor swimming pool, stylish party and lounge spaces, and beautifully designed indoor and outdoor amenity areas.
Estimate your monthly payments for this property
Estimated Payment
$4,848.34/mo
Includes CMHC insurance ($26,366)
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.
576 Front Street Unit 1701, 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
Fair Market Value
At $1050/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.
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.
Efficient Living
At 900 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.
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 $3,938 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.