$819,000 - 71 Simcoe Street Unit 2001, Downtown Toronto
Condo for Sale in Downtown Toronto
42 days on market- MLS Number
- C13082962
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY SW REALTY
Welcome to Symphony Place - an exceptional opportunity in the heart of Toronto's Theatre District. Reintroduced at a compelling new price, this elegant south and west-facing corner suite delivers outstanding value for a residence of this scale and pedigree. Spanning approximately 1,230 sq ft, this sun-drenched home captures iconic city views over the Entertainment District, with direct sightlines overlooking Roy Thomson Hall, creating a truly dramatic urban backdrop. The living, dining, and glass-enclosed solarium spaces are seamlessly connected and finished with herringbone hardwood floors, high baseboards, and elegant cornice moulding, offering warmth and architectural character. The solarium-accessible from both the living room and primary bedroom-is ideal as a home office, reading lounge, or formal sitting area. The kitchen is self-contained with a passthrough to the dining area, supporting effortless entertaining, while the windowed dining space is accented by a ceiling medallion and decorative light fixture. A stacked washer and dryer are conveniently located just off the kitchen. The primary bedroom serves as a serene retreat, featuring new broadloom, a walk-in closet, and direct access to a spacious 5-piece ensuite complete with a jacuzzi tub, separate shower, and double vanity. A well-positioned 3-piece guest washroom adds comfort and functionality. Steps to the Theatre District, fine dining, transit, the PATH, and premier downtown amenities, this is refined urban living in one of Toronto's most dynamic cultural corridors.
Estimate your monthly payments for this property
Estimated Payment
$4,201.89/mo
Includes CMHC insurance ($22,850)
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 Simcoe Street Unit 2001, 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
Competitive Pricing
At $683/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 42 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.
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 $3,413 (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.