$549,000 - 456 College Street Unit 512, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Palmerston-Little Italy
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- MLS Number
- C13781888
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $2,828
- Maintenance Fees
- $1,282/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Spacious & Bright West-Facing Condo with Exceptional Flexibility! This Bright, Generously sized Condo with a Desirable West Quiet Exposure and One Owned underground Parking Spot!!! The Spacious layout offers Comfortable principal rooms and hardwood floors throughout, creating a warm and inviting feel. The Kitchen features Stainless steel appliances and Stone countertops, offering plenty of space for cooking and entertaining. The Exceptionally Large Primary Bedroom easily accommodates a King-sized bed, large Walk-in Closet, with the Added Convenience of Semi-ensuite access to the Oversized Bathroom. A Spacious Den with Floor to Ceiling windows and Wall Bookcase provides an Ideal Home Office, Study or Family room and offers the Flexibility to be converted to a Second Bedroom. The Oversized Bathroom provides Excellent Functionality and Generous Space. The rare Underground Parking adds Valuable convenience. Great storage in the unit and a separate Storage Locker which is owned. A Wonderful Opportunity for buyers looking for More Space, Flexibility and Functionality than the typical condo, in a Bright West-facing suite with Tremendous potential. Set in Highly sought-after Little Italy, enjoy plenty of fabulous Shops & Restaurants. Ideal for Professional minutes to Hospital Row, U of T, High Walking Score & TTC at your doorstep!
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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 Palmerston-Little Italy
Palmerston-Little Italy 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 Palmerston-Little Italy
- •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
Palmerston-Little Italy 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.
456 College Street Unit 512, 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
Competitive Pricing
At $686/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 23 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 $1282/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 Palmerston-Little Italy
I know Palmerston-Little Italy 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 $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.