$1,198,000 - 181 Sterling Road Unit 1604, Downtown Toronto
Condo for Sale in Downtown Toronto
121 days on market- MLS Number
- C12859240
- Property Type
- Condo
- Status
- active
- Days on Site
- 121
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- FIRST CLASS REALTY INC.
Discover this $$$ upgraded exceptional 3+1 bedroom, 3-bathroom residence at the iconic House of Assembly, perfectly situated in the heart of Sterling Junction-one of Toronto's most vibrant and creative neighbouhood. Enjoy unobstructed views of Lake Ontario and the CN Tower, offering a truly breathtaking backdrop day and night. Offering approximately 1,222 sq. ft. with extra-wide private balcony. Three separate interior walkouts open directly onto the balcony, creating a seamless indoor-outdoor flow-perfect for enjoying morning coffee, evening wine, or hosting relaxed weekend get-togethers. Inside, the home showcases a bright open-concept layout, soaring floor-to-ceiling windows, and a sleek modern kitchen featuring quartz countertops and integrated built-in appliances. Every detail has been carefully curated to balance contemporary style with everyday comfort. Unbeatable Location - Just steps from GO Bloor Station, the UP Express, TTC transit, and the West Toronto Rail Path, this location offers unmatched connectivity. Surround yourself with an eclectic mix of local cafes, restaurants, and art galleries-where urban convenience meets creative energy. Amenities Galore - Residents enjoy a full suite of premium amenities, including a fully equipped fitness centre and yoga studio, rooftop terrace with BBQs and lounge areas, co-working spaces, dog run, children's play area, and more. Includes one parking space and one locker. Vacant and move-in ready, this exceptional residence is a rare opportunity to bring your vision to life and make it truly your own.
Estimate your monthly payments for this property
Estimated Payment
$5,299.16/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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
181 Sterling Road Unit 1604, Downtown Toronto / Waterfront
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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
Fair Market Value
At $998/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.
Negotiation Opportunity
At 121 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,992 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.