$875,000 - 21 Widmer Street Unit 2002, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Waterfront Communities C1
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- MLS Number
- C13773908
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $4,800
- Maintenance Fees
- $867/mo
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Set in the heart of Toronto's Entertainment & Theatre District, Cinema Tower offers an elevated downtown lifestyle. This 20th-floor corner suite is filled with natural light and offers an exceptional layout with stunning city views. The thoughtfully designed kitchen offers an abundance of storage, generous counter space and a functional island that seamlessly connects to the living area. The spacious living room features a custom built-in media unit, electric fireplace and custom dropped-ceiling light box, creating a polished yet comfortable space for both relaxing and entertaining. The spacious primary bedroom features a private balcony and 4-piece ensuite complete with a whirlpool bathtub. A well-appointed second bedroom and separate guest bathroom complete the functional floor plan. The suite also offers a second private balcony, providing additional outdoor space and views over the heart of downtown Toronto. Surrounded by renowned restaurants, cafes and premium shopping, this residence places you at the centre of Toronto's vibrant downtown lifestyle. Enjoy being just moments from TIFF Bell Lightbox, the Princess of Wales Theatre and Roy Thomson Hall, with the Entertainment & Theatre District right outside your door. A 100/100 Walk & Transit Score makes getting around effortless, with St. Andrew Subway Station, the King Street streetcar, PATH system and Gardiner Expressway all easily accessible. Enjoy the convenience of luxury condo living, with monthly maintenance fees including heat, water, common elements, parking and a locker. Residents also have access to an impressive collection of amenities including 24-hour concierge, fitness centre, hot tub, steam room, indoor basketball court, private movie screening room and outdoor terrace with BBQs. A rare opportunity to enjoy a spacious, light-filled corner residence with exceptional amenities and effortless downtown living in the centre of it all. Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$4,489.20/mo
Includes CMHC insurance ($24,413)
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.
21 Widmer Street Unit 2002, 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 $1094/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 26 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 $867/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $3,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.