$1,200,000 - 126 Simcoe Street Unit PH02, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Waterfront Communities C1
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- MLS Number
- C14113940
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $6,650
- Maintenance Fees
- $1,187/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Welcome to an extraordinary two-storey penthouse in the heart of Toronto's Entertainment District, offering nearly 1,200 sq. ft. of interior living space and a spectacular 660+ sq. ft. private wraparound terrace. This is downtown living on an entirely different level. Enjoy sweeping southwest and northwest city views, exceptional natural light, soaring 10-foot ceilings and a layout that feels more like a home than a condo. The showpiece is your expansive outdoor retreat, complete with a custom putting green and plenty of room to entertain, dine or simply unwind above the city. Inside, a gourmet kitchen with stainless steel appliances complements the spacious living and dining areas, while the generous primary suite features a walk-in closet, private ensuite and walkout to a second balcony. Two lockers provide valuable additional storage. Just steps from the PATH, world-class dining, entertainment, shopping and transit. A rare opportunity to own a truly distinctive penthouse with outdoor space that's almost impossible to replicate in downtown Toronto.
Estimate your monthly payments for this property
Estimated Payment
$5,308.00/mo
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 PH02, 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 $1200/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 $1187/month fees should cover building insurance, common elements, and reserve contributions.
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.
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 $5,000 (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.