$573,000 - 8 York Street Unit 2905, Downtown Toronto
Condo for Sale in Downtown Toronto
61 days on market- MLS Number
- C13008216
- Property Type
- Condo
- Status
- active
- Days on Site
- 61
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX EXPERTS
Welcome to 8 York Street - a standout opportunity in Toronto's waterfront where lifestyle meets a rare financial advantage. Here's what makes this truly unique: The seller is covering 12 months of maintenance fees. Intoday's condo market, that's a rare incentive - and a serious edge.This means:. Lower monthly carrying costs from day one. Stronger cash flow positioning. Time to comfortably adjust to ownership expenses. Reduced financial pressure in your first year. Whether you're a first-time buyer or investor, this is your chance to step in strategically -not stressfully. For investors, this translates into improved first-year cash flow and stronger rental positioning right out of the gate - with comparable units in the area commanding solid rental demand.This bright and efficient 1-bedroom suite offers over 600 sq ft of open-concept living, modern finishes, and floor-to-ceiling windows that flood the space with natural light while showcasing stunning lake views - a layout that feels both functional and elevated. Enjoy premium amenities including indoor & outdoor pools, fitness centre, sauna, party room, guest suites, 24-hour concierge, and visitor parking. With direct PATH access and steps to Union Station, commuting across the city is effortless. Surrounded by the waterfront, restaurants, cafes, and everyday essentials, this is downtown living done right - with an advantage most listings simply don't offer. Opportunities like this don't come often. Act fast.
Estimate your monthly payments for this property
Estimated Payment
$2,939.79/mo
Includes CMHC insurance ($15,987)
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 York Street Unit 2905, 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 $955/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 61 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 600 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 $2,388 (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.