$770,000 - 111 Elizabeth Street Unit 1208, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on market- MLS Number
- C12590720
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Discover elevated downtown living in this beautifully updated 1+1 bedroom, 2-bath suite with stunning south-facing views. Boasting 779 sq ft of thoughtfully designed space, this sun-drenched unit features engineered hardwood floors throughout, a sleek modern kitchen with stainless steel appliances, full oven, and quartz countertops, plus two recently renovated spa-like bathrooms with new modern vanities. Wake up to iconic CN Tower views from the generous-sized primary bedroom w/ a stunning ensuite. The spacious den, complete with custom closets, offers incredible versatility and can easily be converted into a second bedroom, home office, or nursery perfect for your evolving lifestyle. Step out onto the balcony to soak in the stunning city views or unwind in your open-concept living space flooded with natural light. Your new home will include a prime parking spot on P3, a large 6' x 6' locker conveniently located nearby, and an owned, upgraded heat pump (2024). Located in a well-managed building with a newly updated 24-hour concierge and security desk (2024), offering seamless package reception and secure delivery handling. Residents enjoy access to top-tier amenities: a pool, jacuzzi, sauna, updated gym (2025), and a stylish multi-purpose room with kitchen, boardroom, and two-level entertaining space. EV charging is available for installation at your parking spot. Perfectly positioned in one of Torontos most dynamic and connected neighbourhoods, this location offers a 99 Walk Score and 100 Transit Score. You're surrounded by Torontos top hospitals including Mount Sinai, Toronto General, SickKids, and St. Michaels. Directly next to Toronto City Hall and the Eaton Centre, and with a full-service Longos at the bottom of the building, every convenience is at your doorstep. Experience the best of city living with acclaimed restaurants, cafes, and attractions just around the corner.
Estimate your monthly payments for this property
Estimated Payment
$3,950.50/mo
Includes CMHC insurance ($21,483)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
111 Elizabeth Street Unit 1208, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1100/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.