$999,800 - 16 Yonge Street Unit 3211, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Waterfront Communities C1
- MLS Number
- C13530706
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Client's remark: A truly rare opportunity to own an extraordinary southwest corner suite at 16 Yonge Street - perched high above the harbour in the prestigious Pinnacle Centre, one of downtown Toronto's most coveted waterfront addresses. Offering a spacious 1,012 sq.ft. of thoughtfully designed living space, this sun-drenched 2-bedroom + den residence is elevated by soaring 9-ft ceilings and dramatic wall-to-wall floor-to-ceiling windows that flood every corner with natural light. The true showstopper? Absolutely breathtaking, unobstructed southwest views of Lake Ontario, the Toronto Islands, and the shimmering waterfront - a jaw-dropping panorama that transforms every sunrise, sunset, and glittering skyline into a moment you'll never tire of. Imagine sipping your morning coffee as sailboats drift lazily across the harbour, and ending each day as the city lights dance across the water. Pure magic - every single day. The open-concept living and dining area flows effortlessly onto a private balcony - your personal front-row seat to it all. The sleek, modern kitchen is dressed with granite countertops, a stylish breakfast bar, and generous cabinetry. A versatile den delivers the perfect work-from-home retreat or cozy lounge, while the serene primary bedroom features a walk-in closet with custom built-ins. Upgraded closet organizers throughout elevate everyday living. An unbeatable bonus: 2 parking spaces AND 2 oversized lockers included - an exceedingly rare downtown combination that adds tremendous long-term value. Indulge in Pinnacle Centre's resort-style amenities: state-of-the-art fitness centre, indoor pool, Tennis court, squash & basketball courts, sauna, party room, theatre, guest suites, and 24-hour concierge. Steps to Union Station, the PATH, Financial District, Harbourfront, Scotiabank Arena, Rogers Centre, and St. Lawrence Market. Suites like this - with views like these - simply don't come along twice. A must-see!
Estimate your monthly payments for this property
Estimated Payment
$5,129.49/mo
Includes CMHC insurance ($27,894)
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.
16 Yonge Street Unit 3211, 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
Fair Market Value
At $1000/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.
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. We'll want to verify the monthly fees and what they include.
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 $4,166 (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.