$509,000 - 560 Front Street Unit 414, Downtown Toronto
Condo for Sale in Downtown Toronto
126 days on market- MLS Number
- C12761292
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- RE/MAX PREMIER INC.
Welcome to this bright, spacious, and elegant 1-bedroom suite in the quiet and highly sought-after Reve Condos, a boutique Tridel residence where upscale urban living meets contemporary design. With a walk score of 99!!!!!!, a refined atmosphere and thoughtful layout, this suite is ideally suited for an end user, as pied-à-terre, or investment opportunity.The residence features a modern open-concept design with 9-foot ceilings, floor-to-ceiling windows, and tasteful finishes throughout, offering CN Tower and city skyline views and a functional, light-filled living space. A locker is included, providing valuable additional storage.Residents enjoy a full range of lifestyle amenities including a fully equipped fitness centre, media room, party/meeting room, rooftop terrace with city views, guest suites, and ample visitor parking - all within a well-managed, quiet midrise building.Prime King West Location:Situated in one of downtown Toronto's most desirable neighbourhoods, steps to The Well, Stackt Market, King Street West dining and shopping, Rogers Centre, Waterfront/Queens Quay, Chinatown, and multiple transit options, offering exceptional walkability and urban convenience.End Users & Investors Take Note:This property presents a versatile opportunity - ideal as a principal residence or pied-à-terre, with strong demand for short-term, executive, or long-term rental options in this prime downtown location.A rare opportunity to own in one of Tridel's finest boutique developments, offering lifestyle, flexibility, and long-term value.
Estimate your monthly payments for this property
Estimated Payment
$2,611.43/mo
Includes CMHC insurance ($14,201)
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.
560 Front Street Unit 414, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $1018/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 126 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.
Efficient Living
At 500 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.
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 $2,121 (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.