$588,000 - 5 St Joseph Street Unit 1605, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Bay Street Corridor
- MLS Number
- C13656128
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome To Sophisticated Downtown Living At Its Finest. Perched On A Highly Sought-After South-West Corner, This Exquisite 1 Bedroom + Den, 2 Washroom Residence At Five Condos Offers An Exceptional Combination Of Luxury, Comfort, And Breathtaking Views. Spanning 674 Sq. Ft., This Sun-Drenched Suite Is Framed By Expansive Floor-To-Ceiling Windows That Capture Stunning Panoramic City Skylines Vista. Thoughtfully Designed With Premium Finishes Throughout, The Open-Concept Layout Features Engineered Hardwood Flooring, 9-Foot Smooth Ceilings, A Chef-Inspired Kitchen With Integrated Full-Size Appliances, Stone Countertops, And A Stylish Built-In Island. The Spacious Den With Direct Balcony Access Provides The Perfect Space For A Private Home Office, Creative Studio, Or Elegant Retreat. Situated In One Of Toronto's Most Prestigious Urban Addresses At Yonge, Bloor, And Bay, Residents Enjoy Immediate Access To Yorkville's Luxury Boutiques, Award-Winning Restaurants, World-Class Entertainment, Renowned Hospitals, Universities, Subway Access, And Toronto's Finest Lifestyle Amenities. A Rare Opportunity To Own A Refined Residence In The Heart Of The City's Most Coveted Neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$3,016.74/mo
Includes CMHC insurance ($16,405)
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 Bay Street Corridor
Bay Street Corridor 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 Bay Street Corridor
- •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
Bay Street Corridor 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.
5 St Joseph Street Unit 1605, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
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 $980/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. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 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 Bay Street Corridor
I know Bay Street Corridor 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 $2,450 (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.