$2,880,000 - 20 Edward Street Unit 2903, Downtown Toronto
Condo for Sale in Downtown Toronto
127 days on market- MLS Number
- C12774296
- Property Type
- Condo
- Status
- active
- Days on Site
- 127
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- THE REAL ESTATE OFFICE INC.
Rarely available, stunning lower penthouse at the prestigious Panda Condominiums offers an exceptional downtown Toronto living experience. Sun-filled and open-concept with floor-to-ceiling windows, the suite showcases breathtaking views of the CN Tower and Lake Ontario - truly iconic city scenery.Featuring 3 spacious bedrooms plus a large den that can easily function as a 4th bedroom, this home offers flexibility rarely found downtown. The balcony is located directly off the Family room, perfect for entertaining or relaxing above the city. The primary bedroom is a standout retreat with a large His & Hers walk-in closet, combining luxury and everyday practicality.Residents enjoy premium amenities including a fitness centre, yoga studio, and library lounge. Unmatched convenience with T&T Supermarket located on the building's main floor, surrounded by Toronto's best multicultural dining and vibrant city energy. Steps to Eaton Centre, Dundas Square, TTC subway, IKEA, Healthy Planet, and City Hall, and walking distance to University of Toronto, Toronto Metropolitan University (TMU, formerly Ryerson), and OCAD University.A prime downtown location blended with space, lifestyle, and long-term value - this is the true downtown Toronto experience,High rental potential due to the prime downtown location, proximity to major universities, excellent transit, and access to shopping, dining, and amenities. This suite offers strong and consistent rental rates for both student and professional tenants, making it an ideal investment property with reliable income potential
Estimate your monthly payments for this property
Estimated Payment
$12,739.21/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.
20 Edward Street Unit 2903, 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
Premium Pricing
At $1600/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.
Negotiation Opportunity
At 127 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 $12,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.