238 Simcoe Street, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $535,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Artist's Alley at 238 Simcoe Street, where luxury living meets unbeatable downtown convenience in the heart of Toronto's vibrant Grange Park cultural corridor. This beautifully designed South-facing 1-bedroom plus den suite offers approximately 659 sq. ft. of contemporary living space, highlighted by an impressive living room with soaring 12 ft.+ loft-style ceilings and an open-concept layout that creates an airy, light-filled atmosphere. The sleek modern kitchen seamlessly connects to the living and dining area, while the versatile den is ideal for a home office, guest space, or study nook to suit today's lifestyle. Residents enjoy premium building amenities including concierge service, fitness facilities, party/event space, and a rooftop terrace/lounge. Perfectly situated just steps to St. Patrick Station, OCAD University, the Art Gallery of Ontario, U of T, major hospitals, the Financial District, Eaton Centre, Chinatown, City Hall, and an endless array of dining, entertainment, and cultural destinations, this is an exceptional opportunity to experience the very best of urban Toronto living.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 238 Simcoe Street 606, Toronto C01, ON M5T 3B9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $535,000 in Toronto, the legal minimum down payment is $28,500 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 $7,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,175 also applies, bringing the total estimated land transfer taxes to $14,350.
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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.
