$459,900 - 87 Peter Street Unit 4215, Downtown Toronto
Condo for Sale in Downtown Toronto
103 days on market- MLS Number
- C12848654
- Property Type
- Condo
- Status
- active
- Days on Site
- 103
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- UNION CAPITAL REALTY
Fabulous 1 Bedroom Unit at iconic Menkes residence 87 Peter St! Completed in 2018, perfectly positioned in the heart of Toronto's vibrant Financial and Entertainment Districts. This bright and thoughtfully designed 1-bedroom, 1-bathroom suite offers a smart open-concept layout with 9-foot ceilings and expansive floor-to-ceiling windows that fill the space with natural light from its desirable south exposure, creating a warm and airy atmosphere throughout. Step out onto your private balcony and enjoy impressive city views, while low maintenance fees make this an efficient and comfortable choice for urban living. Residents enjoy access to exceptional resort-style amenities, including 24-hour concierge service, a fully equipped fitness centre, sauna, steam room, yoga studio, billiards room. Walk to waterfront, CN Tower, Rogers Centre, TTC subway access, grocery stores, restaurants - this is downtown living at its finest. An outstanding opportunity for first time Buyers or investors. Don't miss this exceptional offering!
Estimate your monthly payments for this property
Estimated Payment
$2,359.53/mo
Includes CMHC insurance ($12,831)
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.
87 Peter Street Unit 4215, 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
Negotiation Opportunity
At 103 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 0 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.