$975,000 - 2B Shank Street, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Niagara
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- MLS Number
- C13810364
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,573
- Maintenance Fees
- $1,061/mo
- Locker
- Exclusive
- Exposure
- North South
- Balcony
- Open
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Welcome to Copperfield Estates, a unique, beautifully styled condo complex located in the heart of the Niagara and Trinity Bellwood's area. This unit has been nicely upgraded with solid Appalachian maple flooring throughout, two renovated bathrooms, spacious kitchen in a white and black motif with large south facing windows, wood burning fireplace, a rarity in condo complexes, open balcony/deck off of living room, staircase baluster, pickets and handrail replaced, king size primary bedroom with walk in closet and ensuite bath, second sizeable bedroom with 2nd balcony/deck. Entire unit just re-painted in a neutral palette. This condo unit offers the feeling of a house without all the ground maintenance and the convenience of a walking neighbourhood! Minutes to Trinity Bellwoods park and community centre, TTC lines, numerous interesting retail stores and restaurants. Condo corporation looks after grounds maintenance, cleaning of fireplace and dryer vents, painting of decks, roof exterior of windows. Bicycle racks are available no charge in underground garage, BBQs allowed on decks.
Estimate your monthly payments for this property
Estimated Payment
$5,002.26/mo
Includes CMHC insurance ($27,203)
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 Niagara
Niagara 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 Niagara
- •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
Niagara 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.
2B Shank Street, 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 $813/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.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $1061/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Niagara
I know Niagara 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 $4,063 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.