$1,449,000 - 628 Fleet Street Unit 1603, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Niagara
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- MLS Number
- C13760734
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $5,429
- Maintenance Fees
- $1,037/mo
- Locker
- Owned
- Exposure
- North South
- Balcony
- Terrace
- Listing Brokerage
- SUTTON GROUP-ASSOCIATES REALTY INC.
This stunning architectural masterpiece features exceptional finishes and breathtaking views of West Lake and the city. Located in an exciting waterfront neighbourhood, this beautiful 1,409 sq ft unit boasts a spacious terrace and two balconies. The third bedroom was originally a den. The top-of-the-line kitchen includes granite counters and chic lacquered cabinetry, along with stainless steel appliances. Floor plans are attached for your convenience. At 628 Fleet Street, transit is effortless; you can easily access the 509 Harbourfront streetcar at the Fleet St at Bastion St stop for a direct TTC ride to Union Station. Residents enjoy resort-style amenities, including a 24-hour concierge, rooftop terrace, indoor pool with whirlpool and sauna, gym, yoga studio, party room, theatre, courtyard with BBQ facilities, guest suites, and visitor parking. This exceptional retreat offers the perfect balance of downtown convenience and lakeside tranquillity, just moments away from waterfront trails, parks, marinas, cafes, transit, the Gardiner Expressway, Billy Bishop Airport, and the Financial District.
Estimate your monthly payments for this property
Estimated Payment
$6,409.42/mo
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 Niagara
Niagara 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 Niagara
- •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
Niagara 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.
628 Fleet Street Unit 1603, 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 $1035/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 28 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 $1037/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Niagara
I know Niagara 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 $6,038 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.