$598,000 - 111 Elizabeth Street Unit 922, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 6 days agoNeighbourhood: Bay Street Corridor
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- MLS Number
- C13851942
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $2,916
- Maintenance Fees
- $607/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Are you tired of cookie cutter condos that all look the same? Then you'll love this one-of-a-kind and fully renovated suite in an unbeatable location right in the heart of downtown, just steps to the Eaton Centre, Sankofa Square, the PATH, TTC/subway, shopping, dining, TMU, George Brown, theatres, nightlife, and all amenities! The bright, nearly 600 sq. ft. layout boasts wall-to-wall floor-to-ceiling windows, a custom kitchen with full-size stainless steel appliances (no weird dishwasher drawer), wide-plank flooring, and two walk-outs to a sprawling balcony offering intimate sunset views. Bedroom fits a queen-size bed and features a spa-like ensuite and double closets. Upgraded from top-to-bottom with designer features and finishes. Separate laundry room comes with a top-of-the-line front-loading Miele washer & dryer (no all-in-one unit that takes all day to dry), and built-in pantry. Includes underground parking and a rare oversized storage locker (1 of only 3 in a private locker room). One City Hall Place is a well-managed building tucked away on a quiet street with fantastic amenities like an indoor pool w/ hot tub & sauna, rooftop deck w/ BBQs & incredible views of downtown, fitness centre, cardio room, 2-storey party room/kitchen/lounge, board room, guest suites, 24-hour concierge, and free visitor parking. This is a condo that truly checks all of the boxes. Book your showing today!
Estimate your monthly payments for this property
Estimated Payment
$3,068.05/mo
Includes CMHC insurance ($16,684)
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 Bay Street Corridor
Bay Street Corridor 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 Bay Street Corridor
- •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
Bay Street Corridor 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 922, Downtown Toronto / Waterfront
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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
Premium Pricing
At $1196/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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. The $607/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 500 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.
About Bay Street Corridor
I know Bay Street Corridor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,492 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.