$400,000 - 126 Simcoe Street Unit 1609, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on marketNeighbourhood: Waterfront Communities C1
- MLS Number
- C12709100
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite+Owned
- Exposure
- South
- Balcony
- Juliette
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Step into an exceptional urban lifestyle in the heart of Toronto's prestigious Financial and Entertainment District. Situated directly across from the iconic Shangri-La, this residence places you steps from the subway, PATH system, world-class theatres, Roy Thomson Hall, and an endless selection of acclaimed restaurants-truly one of the city's most coveted addresses. This thoughtfully designed one-bedroom suite offers 523 sq. ft. of well-appointed living space plus an 83sq. ft. private balcony, perfect for enjoying city views. The open-concept kitchen and living area create a seamless flow ideal for both everyday living and entertaining. Residents enjoy premium amenities including a fully equipped gym, steam room, jacuzzi, guest suites, and an exclusive 16th-floor rooftop retreat featuring BBQs and a plunge pool-your private escape above the city. Whether you're a professional, investor, or urban enthusiast, this is a rare opportunity to own in a prime downtown location where convenience, luxury, and lifestyle come together. Make this exceptional home yours today.
Estimate your monthly payments for this property
Estimated Payment
$2,052.21/mo
Includes CMHC insurance ($11,160)
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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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.
126 Simcoe Street Unit 1609, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Competitive Pricing
At $800/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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 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 Waterfront Communities C1
I know Waterfront Communities C1 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.
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.