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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $999,000 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.
Welcome to the residences at One Park Lane. Prestigious University & Dundas location! This expansive and renovated 1,515 sq. ft. corner suite offers exceptional value at just $650 per square foot.Filled with natural light from walls of windows, the unit enjoys a rare, private tree top exposure on a quiet street - a serene retreat in the heart of downtown. Features include a beautifully renovated kitchen with ample counter space and storage, full size appliances and laundry, hardwood floors throughout, and a grand open-concept living and dining area ideal for entertaining. Two generously sized bedrooms and two full baths, including a spacious primary suite with a 4-piece ensuite. Includes parking. All-inclusive maintenance fees cover utilities,Bell internet and cable. Resort-style building amenities include a dramatic skylit lobby with koi pond, 24-hour concierge, indoor pool, sauna, gym, squash court, billiards room, roof top garden with BBQ area, and visitor parking. Steps to St. Patrick subway, U of T, major hospitals, Financial District, Eaton Centre, dining and entertainment. Rare space, privacy and value in prime downtown Toronto
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Library, Place Of Worship, Public Transit, School, School Bus Route
Separate Heating Controls, Separate Hydro Meter
Concierge/Security
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This could be the first listing for this address.
Data-driven valuation for 280 Simcoe Street 701A, Toronto C01, ON M5T 2Y5
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 $999,000 in Toronto, the legal minimum down payment is $74,900 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 $16,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,455 also applies, bringing the total estimated land transfer taxes to $32,910.
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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.