$1,680,000 - 5 St Joseph Street Unit 4502, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Bay Street Corridor
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- MLS Number
- C13819764
- Property Type
- Condo
- Status
- active
- Days on Site
- 14
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $10,610
- Maintenance Fees
- $1,580/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- JDL REALTY INC.
Welcome to an Exceptional Suite #4502 Including | 1,683 SQ. FT. Living Space | 10' CEILINGS | 2+1 BED | 2.5 BATH | 1 PARKING | 2 BALCONIES. It offering approximately 1,683 sq. ft. of beautifully proportioned interior living space in the heart of Downtown Toronto. Featuring soaring 10-foot smooth ceilings, this rare residence offers the scale and presence of a luxury home with the convenience of a prestigious downtown condominium. The thoughtfully designed 2-bedroom + den, 2.5-bathroom floor plan provides exceptional separation between living and private spaces. At the heart of the home is an impressive 29'7" x 20'9" open-concept kitchen, dining and living area, creating an extraordinary space for entertaining, family gatherings and everyday living. The expansive living area opens to a generously sized main balcony, extending the living space outdoors. The spacious 13'7" x 12'10" primary bedroom provide ample room for a king-size bedroom suite, features its own private balcony, while the approximately 11'3" x 11'1" second bedroom provides excellent space for family or guests. A large 11'3" x 10'6" den with floor-to-ceiling window and a sliding door offers tremendous flexibility as a home office, library, study or even a bedroom. The residence features two full bathrooms plus a convenient powder room, providing the functionality expected of a home of this size. Completing this exceptional offering are one underground parking space and two lockers, providing valuable additional storage. Located at FIVE, one of Downtown Toronto's distinctive architectural residences, you are steps from Wellesley Subway Station, Yonge Street and the University of Toronto, with Yorkville, Bloor Street, world-class dining, shopping, hospitals and the downtown core all close at hand. A truly exceptional Condominium unit offering space, scale and sophistication in one of Downtown Toronto's most desirable locations.
Estimate your monthly payments for this property
Estimated Payment
$7,431.21/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 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 4502, 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 $1050/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. The $1580/month fees should cover building insurance, common elements, and reserve contributions.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $7,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.