$538,800 - 87 Peter Street Unit 4606, Downtown Toronto
Condo for Sale in Downtown Toronto
40 days on marketNeighbourhood: Waterfront Communities C1
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13724452
- Property Type
- Condo
- Status
- active
- Days on Site
- 40
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,069
- Maintenance Fees
- $464/mo
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome To The Luxurious Menkes Noir Condos In The Heart Of King West!! Absolutely Stunning 1 Bedroom Corner Unit Featuring Wrap-Around, Floor-To-Ceiling Windows That Fill The Home With Natural Light Throughout The Day. Enjoy Breathtaking, Unobstructed City Views From Your Living Room And Unwind On Your Private Balcony While Taking In Beautiful Sunsets Over The Toronto Skyline.This Bright And Sophisticated Suite Features 9 Ft Ceilings, Laminate Flooring Throughout With NO Carpet, And A Modern L-Shaped Kitchen Equipped With Quartz Countertops, Built-In Stainless Steel Appliances, And A Stylish Tile Backsplash. This Home Offers A Warm And Inviting Atmosphere With Contemporary Finishes Throughout. Truly An Unbeatable Location! Step Outside And Experience The Best Of King West And Toronto's Entertainment District, With An Incredible Selection Of Top Rated Restaurants, Cafes, Nightlife, Rogers Centre, PATH, Grocery Stores, And Everyday Conveniences Right At Your Doorstep. TTC And Streetcar Access Are Just Steps Away, With Subway Access Only A Short Walk Away. Residents Enjoy An Impressive Array Of Amenities, Including 24 Hour Concierge Service, Fitness Centre, Party Room, Pet Spa, And A Spa-Inspired Relaxation Area That Is Perfect For Unwinding After A Busy Day. Low Maintenance Fees Include Heat, Water, And Air Conditioning, Providing Exceptional Value And Convenience. A Rare Opportunity To Own A Bright, Stylish, And Highly Desirable Corner Unit In One Of Toronto's Most Vibrant Neighbourhoods! Don't Miss Out!
Estimate your monthly payments for this property
Estimated Payment
$2,764.32/mo
Includes CMHC insurance ($15,033)
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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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.
87 Peter Street Unit 4606, 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 $1078/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 40 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 $464/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Waterfront Communities C1
I know Waterfront Communities C1 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 $2,245 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.