$1,170,000 - 8 Telegram Mews Unit 833, Downtown Toronto
Condo for Sale in Downtown Toronto
43 days on market- MLS Number
- C13076916
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Experience unparalleled downtown luxury in this spectacular 1,520 sq ft two-storey penthouse-style loft at Spadina & Fort York. This exceptional south-facing suite offers breathtaking lake views, 9 ft soaring ceilings, and floor-to-ceiling windows that flood the space with natural light. The elegant open-concept main level features premium vinyl flooring, a sleek modern kitchen with granite countertops, centre island, and walkout to a generous 100+ sq ft open balcony - perfect for entertaining. The versatile study/den on the main floor works ideally as a home office . Upstairs, the primary bedroom boasts a luxurious 5-piece ensuite and large walk-in closet, while the second bedroom offers ample closet space. Powder room on main level. Ensuite laundry. Tandem 2-Car Parking Included. Pets allowed with restrictions. Building amenities include a gym, lap pool, guest suites, and visitor parking. Steps to Rogers Centre, CN Tower, Financial & Entertainment Districts, shops, daycare, elementary school, community centre, TTC, waterfront trails, and all essential amenities.
Estimate your monthly payments for this property
Estimated Payment
$5,175.30/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.
8 Telegram Mews Unit 833, 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
Fair Market Value
At $836/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 43 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.