$569,998 - 30 Nelson Street Unit 705, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Waterfront Communities C1
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- MLS Number
- C14113578
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,356
- Maintenance Fees
- $672/mo
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- REVEL Realty Inc.
Your own private terrace in the heart of downtown! Welcome to Suite 705 at Studio 2 Condos, a rare 717 sq ft 1 bedroom + oversized den with 2 bathrooms and bright south exposure. Floor-to-ceiling windows fill the open-concept living and dining space with natural light, and wood floors run throughout. The modern kitchen features built-in appliances and a clean, integrated design. The bedroom has a 4 pc ensuite and walk in closet. The oversized den is no afterthought: it has its own floor-to-ceiling window, a Juliette balcony and a walk-out to a spacious private terrace, making it perfect for a home office, guest space or reading lounge. A 2-piece powder room means guests never need to use your 4-piece bath, and ensuite laundry adds everyday convenience. Studio 2 offers resort-style amenities, including 24-hour concierge and security, a fully equipped gym and yoga room, sauna, and a rooftop terrace with an outdoor hot tub and BBQs. There's also a lounge, dining room with kitchen, media/party room, billiards room, guest suites, parcel lockers and bike storage. You're steps to Osgoode and St. Andrew stations, the Financial and Entertainment Districts, Queen West, King West, the Shangri-La, TIFF Bell Lightbox and the theatre district. The Eaton Centre, U of T, OCAD University and the University Avenue hospitals are all within easy reach. A standout suite for first-time buyers, downtown professionals, work-from-home buyers and investors.
Estimate your monthly payments for this property
Estimated Payment
$2,924.38/mo
Includes CMHC insurance ($15,903)
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.
30 Nelson Street Unit 705, 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 $814/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $672/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 700 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 $2,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.