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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $499,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Are you a first time home buyer looking for the perfect condo in the heart of the city steps to work and entertainment? Or an investor looking for an easy to rent property close to U of T and financial district? Look no more! This is the perfect opportunity to own a clean, owner-occupied, spacious one bedroom property downtown Toronto with a functional layout that offers rare privacy, semi-enclosed kitchen, an actual private bedroom with a proper door and a mudroom entryway offering separation from your living area. The bright, spacious unit is tucked away on Simcoe street close enough to the hustle and bustle of King and Queen West and the South-East location offers plenty of light on a quiet street. With a 100 transit and walk score you cant get any better than this: steps from Osgood & St. Andrew subway stations, Queen & King streetcars, The Path, U of T, Eaton Centre, Rogers Centre, TIFF Lightbox, CN Tower, Entertainment district and Restaurants. Building amenities include 24-hour concierge, a gym, a party room, and a rooftop terrace. Don't miss out! This is the one!
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Public Transit, Rec./Commun.Centre
Carpet Free
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 140 Simcoe Street 1004, Toronto C01, ON M5H 4E9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $499,999 in Toronto, the legal minimum down payment is $25,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,475 also applies, bringing the total estimated land transfer taxes to $12,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.