$849,000 - 58 St Nicholas Street, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed todayNeighbourhood: Bay Street Corridor
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C14109036
- Property Type
- Condo
- Status
- active
- Days on Site
- 0
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $5,400
- Maintenance Fees
- $1,007/mo
- Locker
- None
- Exposure
- East West
- Balcony
- Terrace
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Over 1,000 sq ft of living space and a private terrace of more than 300 sq ft, a short walk from Yonge and Bloor. This spacious townhouse sits in a small 1987 Tridel complex on a beautiful, quiet street, yet you're still in the centre of it all. In a neighbourhood where almost everything for sale is a high rise, a home like this rarely comes up.Inside, 10 ft ceilings with crown mouldings and large east and west windows fill the home with light. Bamboo flooring runs through the open living and dining area, where a wood-burning fireplace, currently fitted with an electric insert, sets the tone on winter nights. The kitchen has real counter space for serious cooking and room for friends to gather while dinner comes together. A separate office is ideal for working from home or hosting overnight guests.From spring through fall, the private terrace becomes a second living room: morning coffee, long dinners outside, a garden of your own planters. The main bath has a soaking tub and separate shower, and there is a two-piece powder room for guests. A new Mitsubishi heat pump keeps the home comfortable and efficient all year, and private underground parking means no shovelling snow come winter. The owner has cared for this home for years, and it shows.Walk to Yorkville, Wellesley and Bloor-Yonge stations, the ROM, Queen's Park and U of T. Your own front door, without giving up the downtown address.
Estimate your monthly payments for this property
Estimated Payment
$4,355.81/mo
Includes CMHC insurance ($23,687)
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.
58 St Nicholas Street, 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 $849/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $1007/month fees should cover building insurance, common elements, and reserve contributions.
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 $3,538 (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.