$1,788,000 - 7 Grenville Street Unit 6005, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Bay Street Corridor
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- MLS Number
- C13782024
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Perched in the Penthouse Collection at Yonge and College, this rarely available corner suite pairs 10 foot ceilings and floor-to-ceiling windows with a fully private, wraparound terrace and breathtaking views from every single window of the unit. 1,736 total square feet in total including 482 square feet of outdoor space. Southeast-to-northwest exposure brings in sunrises year-round and terrace sunsets all summer long. Inside, three well-proportioned bedrooms - two with walk-in closets, one with a double-width reach-in - sit alongside two full bathrooms, one fully accessible with a shower and tub combination, while the open-concept living, dining, and kitchen area is finished with a full-size Miele kitchen and wide-strip hardwood flooring. Heating and cooling run year-round, controlled independently by the resident. A protected parking spot - walled on one side, posted on the other - comes with two side-by-side owned lockers in a flat-entry locker room of just six units. Building amenities rival a resort: a 66th-floor sky lounge and indoor infinity pool with views over Lake Ontario and the CN Tower, a steam room, gym, dance studio, ping pong room, 7th-floor lounge and BBQ patio, 64th-floor party room, 24-hr concierge, and a dedicated bike room with its own elevator. With a 100% walk score, two universities, four hospitals, and everyday essentials all sit within walking distance, alongside the 506 College streetcar, 97 Yonge bus, and College subway station - all within a block.
Estimate your monthly payments for this property
Estimated Payment
$7,908.93/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 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.
7 Grenville Street Unit 6005, 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
Premium Pricing
At $1490/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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. We'll want to verify the monthly fees and what they include.
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 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 $7,450 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.