$1,018,000 - 98 Carr Street Unit TH5, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Kensington-Chinatown
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- MLS Number
- C13828700
- Property Type
- Condo
- Status
- active
- Days on Site
- 12
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,681
- Maintenance Fees
- $1,095/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Discover a rare urban sanctuary in the highly sought-after "Gardens on Queen". Pride of Ownership exudes this exceptional townhome offering an impressive 1,416 sq. ft. of thoughtfully designed interior living space, complemented by a spectacular 535 sq. ft. split private rooftop terrace showcasing breathtaking city skyline views and the iconic CN Tower. Whether hosting unforgettable gatherings or enjoying quiet evenings under the stars, this expansive outdoor retreat delivers a truly unmatched downtown lifestyle. Nestled in one of Toronto's most vibrant and connected neighbourhoods, this family yet pet-friendly community places you moments from Queen West, Dundas West, Kensington Market, Chinatown, Ossington, King West, Lakeshore and Trinity Bellwoods Park. Enjoy unrivalled walkability to renowned cafés, galleries, boutique shopping, acclaimed restaurants, and everyday conveniences, all with seamless TTC access. A true home in the heart of the city, featuring a generous primary suite with private ensuite and built-in closet system, a desirable split-bedroom layout, ample storage, two full bathrooms, and a dedicated den ideal for a home office, cozy reading nook, or additional storage. The sun-drenched, open-concept main level boasts smooth high ceilings, a newly renovated kitchen and living area, pot lights, and a private front entrance, creating an inviting space for both everyday living and entertaining. Tucked away within a boutique townhome enclave in the heart of Queen West, this residence offers the perfect balance of tranquility and urban energy. Few townhomes offer this exquisite combination of indoor-outdoor living, scale, style, privacy, and premier downtown convenience -A place to finally call home! This is a unique opportunity to own a distinctive city home in one of Toronto's most coveted neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,502.96/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 Kensington-Chinatown
Kensington-Chinatown 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 Kensington-Chinatown
- •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
Kensington-Chinatown 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.
98 Carr Street Unit TH5, 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
Competitive Pricing
At $727/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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 $1095/month fees should cover building insurance, common elements, and reserve contributions.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
About Kensington-Chinatown
I know Kensington-Chinatown 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 $4,242 (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.