$998,888 - 550 Front Street Unit PH6, Downtown Toronto
Condo for Sale in Downtown Toronto
160 days on market- MLS Number
- C12377864
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Discover the epitome of urban sophistication with our latest offering in the heart of King West Village. This stunning suite in the established Portland Park Village boasts an expansive layout spread across a total of approximately 1200 sq. ft. of living space, complemented by a 550 sq. ft. private rooftop terrace. The terrace has a gas-equipped BBQ for your outdoor culinary adventures as well a pergolas, bar & ampule seating for out door entertaining. The terrace provides breathtaking panoramic views of the city skyline, ensuring an unrivaled ambiance for entertaining & tranquil relaxation. The interior of this residence is equally impressive, featuring two well-proportioned bedrooms, with offering ample space. The open-concept kitchen & living area provide a seamless flow, with a design that accommodates full-sized furnishings without compromise. High 9' ceilings enhance the sense of space throughout, while the suite's southern exposure floods the home with natural light, accentuating the panoramic vistas. The kitchen is a chef's delight with impeccable stone countertops & a full suite of stainless steel appliances, while the convenience of a pantry & a gas fireplace adds to the home's comfort & functionality.The attention to detail continues with luxurious ceramic flooring throughout, a spacious 4-pc bathroom featuring a soaker tub & stacked washer & dryer laundry on the upper level, and a convenient 2-pc power room on the main level. Residents will also enjoy the added amenities of the building, including a well-equipped fitness centre. With its close proximity to transit options, this suite is not only a haven of luxury but also offers the ultimate in convenience for those seeking a vibrant lifestyle in downtown Toronto. This is an exceptional opportunity for down sizers seeking the perfect blend of community and city living in a respectful, homeowner-filled building. Close to shopping, Billy Bishop Airport, CNE grounds, restaurants & historic Fort York.
Estimate your monthly payments for this property
Estimated Payment
$5,124.81/mo
Includes CMHC insurance ($27,869)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
550 Front Street Unit PH6, 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 $832/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.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 $4,162 (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.