$465,000 - 238 Simcoe Street Unit 2403, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Kensington-Chinatown
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- MLS Number
- C13834150
- Property Type
- Condo
- Status
- active
- Days on Site
- 9
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Maintenance Fees
- $460/mo
- Locker
- None
- Exposure
- North East
- Balcony
- Juliette
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Welcome To Artists' Alley Condos At 238 Simcoe St, Located In The Heart Of The University District In Downtown Toronto * One-Year-New High-Floor One Bedroom Suite Offering Approx. 538 Sq Ft Of Modern Downtown Living * Enjoy Stunning Unobstructed City Views From The Bedroom, Soaring 9' Ceilings And Floor-To-Ceiling Windows * Bright Open-Concept Combined Living/Dining Layout With A Sleek Modern Kitchen Featuring Premium S/S Built-In Appliances, Contemporary Cabinetry, Stylish Finishes Throughout And A Charming Juliet Balcony * Exceptional Downtown Location At University & Dundas * Steps To St. Patrick Subway Station, OCAD University, University Of Toronto, AGO, Eaton Centre, Queen West, Chinatown, Kensington Market, Hospitals, Restaurants, Cafés And Parks * Easy Access To The Financial District, Entertainment District And Major Downtown Routes * Enjoy Premium Building Amenities Including 24-Hour Concierge, Gym, Swimming Pool, Rooftop Terrace And More, Ensuring Everyday Convenience And Comfort * Close To Excellent Schools * A Perfect Opportunity For End Users, Students, Professionals Or Investors Seeking Luxury Downtown Living * Walk Score: 100, Transit Score: 100, Bike Score: 98 * MUST SEE * Move-In Ready!
Estimate your monthly payments for this property
Estimated Payment
$2,385.69/mo
Includes CMHC insurance ($12,974)
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 Kensington-Chinatown
Kensington-Chinatown 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 Kensington-Chinatown
- •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
Kensington-Chinatown 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.
238 Simcoe Street Unit 2403, 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 $930/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.
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 $460/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 500 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 Kensington-Chinatown
I know Kensington-Chinatown 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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.