$649,900 - 525 Adelaide Street Unit 1623, Downtown Toronto
New Construction for Sale in Downtown Toronto
41 days on marketNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13716938
- Property Type
- New Construction
- Status
- active
- Days on Site
- 41
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,100
- Maintenance Fees
- $507/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Love the energy of King West but still want a quiet place to come home to? This bright 2-bedroom, 2-bathroom condo delivers the best of both worlds-tucked into a peaceful pocket with park views, yet just steps from King Street.The smart, functional layout offers no wasted space, with an open-concept living area, quartz countertops, full-size stainless steel appliances, and plenty of room to entertain. The spacious primary bedroom features a private ensuite, while the second bedroom is ideal for guests or a home office.Recent updates include updated lighting (2026), a new kitchen backsplash (2025), Flooring (2025) Paint (2025) , Stove (2024) full-size washer and dryer, mirrored closet doors, and a newer oven.Enjoy parking and a locker, low maintenance fees, and impressive amenities including an indoor pool, gym, party and media rooms, saunas, steam room, and rooftop terrace with BBQs.Steps to some of Toronto's best restaurants, cafés and shops, plus Trinity Bellwoods, the waterfront, transit, and the future Ontario Line. Quiet when you want it, King West when you don't.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 1623, 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 $1083/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 41 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.
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 $2,708 (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.