$417,000 - 71 McCaul Street Unit 121, Downtown Toronto
Condo for Sale in Downtown Toronto
99 days on market- MLS Number
- C12867002
- Property Type
- Condo
- Status
- active
- Days on Site
- 99
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE REALTY PLUS
ALL utilities are INCLUDED in the maintenance fees! Welcome to your new home located in Toronto's most vibrant neighbourhood, Queen West. Heat, hydro, water AND fully loaded Bell Fibe TV & Internet package (Fibre 3.0 speed, Better TV package w/ sports channels, Crave, Starz & Cloud PVR). Just set it & forget it, as everything is included keeping your costs consistent & predictable. This beautiful & unique 1 bed, 1 bath, 504sqft condo with a large 150sqft private terrace & 10ft ceilings will not disappoint. Offering an unbeatable combination of location, functionality & VALUE, this freshly painted (Feb 2026) suite is ideal for young professionals, first-time buyers or investors looking for a turnkey opportunity in the CORE of the city. Inside you're greeted immediately by an open-concept layout that features hardwood floors, Cali Shutters, granite countertops & S/S appliances. The living, dining & kitchen area truly give you that "great room" feel, making the space perfect for entertaining all your friends & family. Best of all, open your front door & enjoy your own 150sqft private terrace, providing additional living space & a rare downtown luxury. BBQ's are allowed! The spacious bedroom offers a unique "step-up" room that adds character & separation from the main living area. There is also a "den" near the dining area that is perfect for a home office. Plus, two closets, ensuite laundry & a classic 4-piece bathroom, to top things off. Loads of amenities, seasonal outdoor pool, gym, rec room, gated access w/ security, pet friendly & landscaped courtyards. Convenience is literally outside your front door (doctor's office, dentist & hairdresser) within the complex. Finally, location truly can't be beat! Situated in the HEART of the city & steps from some of Toronto's most iconic landmarks, AGO & OCAD University, across from Grange Park (has dog park), minutes from the PATH & TTC, trendy restaurants & cafes, boutique shops & best nightlife all at your fingertips!
Estimate your monthly payments for this property
Estimated Payment
$2,139.43/mo
Includes CMHC insurance ($11,634)
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.
71 McCaul Street Unit 121, 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 $834/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 99 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 500 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.
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.