$1,199,900 - 3 Navy Wharf Court Unit Ph02, Downtown Toronto
Condo for Sale in Downtown Toronto
126 days on market- MLS Number
- C12835358
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
Live at the Lake in a rare Penthouse Corner Suite. Experience elevated living in this stunning penthouse suite featuring 10-ft floor-to-ceiling panoramic windows with breathtaking south views of Lake Ontario & the Island Airport. Located in sought-after Harbour View Estates, residents enjoy exclusive access to the renowned "Super Club"-a separate facility with indoor access offering an indoor pool, gym, BB courts, squash, tennis, & more. This fully renovated home offers approximately 1,100 sq. ft. of thoughtfully designed space, including a bonus room ideal for a home office, complete with 10-ft ceilings & glass French doors. The open-concept kitchen features quartz countertops, stainless steel appliances, a 5-burner gas stove, built-in microwave, breakfast bar with lake views, island stainless steel sink, & a dedicated coffee/beverage bar. The suite showcases high-end 5" engineered hardwood flooring T/O the living areas, custom window coverings, & a neutral designer colour palette. Both bathrooms have been beautifully renovated with oversized tiles, glass enclosures, & quartz finishes. The primary ensuite feat a rain shower with an oversized glass shower, while the main bath offers a full-sized tub. Two generously sized bedrooms incl double closets, the unit is equipped with full-size ensuite laundry. Penthouse living is complemented by two side-by-side parking spaces, conveniently located just steps from the building entrance. Ideally situated at 3 Navy Wharf, this location is steps to the Rogers Centre, minutes to Scotiabank Arena, the CN Tower, & the Well entertainment district. Quick access to the Gardiner via Spadina, & seamless transit options including GO Train, UP Express, & subway are all nearby. The building offers 24-hour concierge service, an excellent elevator-to-unit ratio with only 30 floors & 3 elevators. If you're seeking a rarely offered penthouse corner suite with balcony, spectacular lake views, an unbeatable downtown lifestyle, this is it!
Estimate your monthly payments for this property
Estimated Payment
$5,307.56/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.
3 Navy Wharf Court Unit Ph02, 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
Premium Pricing
At $1200/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 126 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.