Welcome to this remarkable office located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,199,000 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.
Fully Fixtured and Move-in-ready office space available for immediate occupancy! This suite is located in the newly constructed and premier Artist Alley mixed use development. Property is located in the heart of Downtown Toronto in a close proximity to Osgoode Subway Station, numerous retail amenities and many of Toronto's downtown hospitals, UofT, OCAD, the US Consulate. Ample parking in the area with a 100 stall Green P parking garage underground and another large parking lot to the immediate south. The property will also sit adjacent to a future public park.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 230 Simcoe Street 502, Toronto C01, ON M5T 1T4
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 $1,199,000 in Toronto, the legal minimum down payment is $239,800 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 $20,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,455 also applies, bringing the total estimated land transfer taxes to $40,910.
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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.