38 Elm Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Bay Street Corridor. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $573,888 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.
- 1 Bedroom and 2 Bathrooms
- Generous living space spanning 700-799 sqft
- 0.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Ventilation System, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Chic 1-bedroom Condo with Stunning SW Views at 38 Elm Street #1613. Experience upscale urban living in this rare, spacious 1-bedroom, 2- condo in Toronto's coveted Bay Street Corridor. Boasting approximately 730 sq ft, this bright unit features an open-concept living and dining area, perfect for entertaining or relaxing. $786/Sq Ft. for a 1Br Appt with two bathrooms; the lowest Price per Sq Ft is at 38 Elm Street and probably in the entire Bay Street Corridor Area. The generously sized bedroom includes expansive windows that flood the space with natural light, a large walk-in closet, and a luxurious 4-piece master ensuite. Enjoy breathtaking, unobstructed southwest views of the downtown skyline from the comfort of your home. Located on a chic stretch between Yonge and Bay, you'll be steps away from top restaurants, lively pubs, and outdoor terraces. This prime location is also steps from Toronto General Hospital and SickKids Hospital and minutes from the University of Toronto. Take advantage of this exceptional opportunity for city living at its finest!
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Interior Features
Separate Hydro Meter, Ventilation System, Water Heater
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 38 Elm Street 1613, Toronto C01, ON M5G 2K5
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 $573,888 in Toronto, the legal minimum down payment is $32,389 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 $7,953 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,953 also applies, bringing the total estimated land transfer taxes to $15,906.
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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.
