$564,900 - 525 Adelaide Street Unit 1020, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Waterfront Communities C1
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- MLS Number
- C13795142
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $2,770
- Maintenance Fees
- $453/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
Welcome to Musée Condos in the heart of King West and Toronto's Fashion District, an exceptional opportunity for both end-users and investors. This beautifully designed 1 BEDROOM + PLUS 1 DEN offers approx. 601 sq. ft. of bright, functional living space with an east-facing terrace, owned underground parking and an oversized owned locker, rare and valuable features in the downtown core. The open-concept layout features a sleek modern kitchen with quartz countertops, full-size stainless-steel appliances, built-in microwave and generous cabinetry, flowing seamlessly into the living area. The separate den provides valuable flexibility as a home office, study or guest space. Enjoy beautiful morning light from the east exposure without the intense late-day heat of west-facing suites. Step outside to acclaimed restaurants, cafés, boutique shopping, nightlife, transit and the Waterfront, with Rogers Centre, Scotiabank Arena and Toronto's top entertainment destinations minutes away. Near the future subway stop at King & Bathurst, the location also offers excellent long-term connectivity and appeal. Musée residents enjoy resort-inspired amenities including 24-hour concierge, fitness centre, outdoor pool, rooftop terrace, hot tubs, party room and guest suites. Tenant vacating; vacant possession available January 10, 2027. Move in and make King West your own, or secure a well-positioned downtown investment with the freedom to select your own tenant. *For Additional Property Details Click The Brochure Icon Below*
Estimate your monthly payments for this property
Estimated Payment
$2,898.23/mo
Includes CMHC insurance ($15,761)
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.
525 Adelaide Street Unit 1020, 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 $942/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.
Market Position
At 20 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 $453/month fees should cover building insurance, common elements, and reserve contributions.
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 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 $2,354 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.