$968,000 - 16 Yonge Street Unit 3211, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13861324
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,819
- Maintenance Fees
- $1,054/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Some homes are just places to live. This one changes how you live. Introducing an extraordinary southwest corner suite at 16 Yonge Street, high above the harbour in the prestigious Pinnacle Centre, one of downtown Toronto's most coveted waterfront addresses. Every day here begins with a view that reminds you how far you've come.Spanning 1,012 sq.ft., this sun-drenched 2-bedroom + den is built for those who want more out of life. Soaring 9-ft ceilings and floor-to-ceiling windows fill every corner with light, framing unobstructed southwest views of Lake Ontario, the Toronto Islands, and the shimmering waterfront. Start your mornings watching sailboats glide across the harbour, and end your days as golden sunsets give way to a glittering skyline. This isn't just a view. It's proof you've arrived.The open-concept living and dining area flows onto your private balcony, your front-row seat to it all. The sleek kitchen features granite countertops, a breakfast bar, and generous cabinetry, ready for celebrating your biggest wins. The versatile den is your launchpad for work, creativity, or recharging. The tranquil primary bedroom offers a walk-in closet with custom built-ins, plus upgraded closet organizers throughout.Here's what truly sets this home apart: 2 parking spaces AND 2 oversized lockers. In downtown Toronto, that combination is exceptionally rare and delivers outstanding long-term valueLive well, every day, with Pinnacle Centre's resort-style amenities: a state-of-the-art fitness centre, indoor pool, tennis court, squash and basketball courts, sauna, party room, theatre, guest suites, and 24-hour concierge. Step outside and the city is yours, with Union Station, the PATH, the Financial District, Harbourfront, Scotiabank Arena, Rogers Centre, and St. Lawrence Market all moments away.Opportunities like this don't wait, and neither should you. Suites with views like these simply don't come along twice. Your next chapter is ready. Book your private showing today!
Estimate your monthly payments for this property
Estimated Payment
$4,966.34/mo
Includes CMHC insurance ($27,007)
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 $968/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. The $1054/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,033 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.