$930,000 - 66 Portland Street Unit 513, Downtown Toronto
Condo for Sale in Downtown Toronto
100 days on market- MLS Number
- C12861422
- Property Type
- Condo
- Status
- active
- Days on Site
- 100
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Where King West energy meets boutique loft living. A gorgeous suite designed for entertaining, relaxing, & enjoying the buzz of the city. Welcome to 66 Portland St Suite 513, a beautifully updated 1+1 bedroom, 2 bathroom loft offering 927 sqft. of thoughtfully designed living space in a prime boutique building. This industrial-chic yet warm & inviting suite offers the perfect balance of vibrant city living & peaceful retreat. Experience the best of both worlds - the vibrant energy of King West at your doorstep, with quieter neighbourhood streets just moments away. Designed for both entertaining and everyday living, the spacious layout showcases a true full-size dining area anchored by custom built-in shelving, creating the perfect setting for hosting. The beautifully updated kitchen features an oversized island, new appliances including a gas stove, & excellent storage. A separate, full-sized living room framed by floor-to-ceiling windows opens directly onto a large 130 sqft. balcony complete with a gas line for BBQing, creating a seamless indoor-outdoor flow. Whether entertaining friends or enjoying a quiet evening outside, the balcony feels like a natural extension of the living space. The generous den functions beautifully as a large home office, ideal for today's work-from-home lifestyle. The primary bedroom comfortably accommodates a king-sized bed & features a walk-in closet with custom built-ins & a private ensuite. A rare second bathroom adds convenience for guests which is a rare & standout feature. Thoughtful upgrades throughout include custom built-in storage in both the hallway closet & walk-in closet, along with window coverings, maximizing both functionality & style. This suite is complete with prime parking & a large locker. With its generous square footage & rare layout offering a full dining area, spacious kitchen, & separate living room, this suite truly lives like a home in the sky. A King West opportunity that you need to see for yourself.
Estimate your monthly payments for this property
Estimated Payment
$4,771.38/mo
Includes CMHC insurance ($25,947)
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.
66 Portland Street Unit 513, 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 $1033/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 100 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.
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.
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 $3,875 (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.