$649,950 - 38 Stewart Street Unit 703, Downtown Toronto
Condo for Sale in Downtown Toronto
56 days on marketNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13666438
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,585
- Maintenance Fees
- $696/mo
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX PRESIDENT REALTY
Welcome to Thompson Residences, one of King West's most coveted boutique addresses. This beautifully appointed suite offers the perfect blend of contemporary design, premium finishes and an unbeatable downtown location in Toronto's vibrant Fashion District. Thoughtfully designed with an open-concept layout, soaring exposed concrete ceilings, floor-to-ceiling windows and wide-plank hardwood flooring, the suite is filled with natural light and maximizes every square foot of living space. The modern kitchen features stone countertops, integrated stainless steel appliances and sleek European-inspired cabinetry, flowing seamlessly into the spacious living and dining area-ideal for entertaining or relaxingat home. The generous bedroom offers excellent closet space, while the well-planned layout provides comfortable everyday living. Step outside to your private balcony and enjoy everything King West has to offer just beyond your doorstep. Includes one underground parking space and one owned locker-a highly sought-after combinationin this neighbourhood. Residents enjoy exceptional amenities including the iconic rooftop pool and terrace, fitness centre, concierge, party lounge and more. Located in the heart of King West, you're just steps to The Well, Waterworks Food Hall, STACKT Market, Trinity Bellwoods Park, renowned restaurants, cafés, boutiques and nightlife, with the Financial District, waterfront and Billy Bishop Airport all within easy reach. TTC streetcarsare at your doorstep, and the building is just moments from the future King West Ontario Line Station, providing a significant enhancement to rapid transit connectivity in one of Toronto's fastest-growing neighbourhoods. The station will connect directly with the King and Bathurststreetcar routes and is expected to further elevate the area's accessibility and long-termappeal.
Estimate your monthly payments for this property
Estimated Payment
$3,334.58/mo
Includes CMHC insurance ($18,134)
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.
38 Stewart Street Unit 703, 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 $1300/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 56 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. The $696/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 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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.