$1,329,000 - 98 Sudbury Street, Downtown Toronto
New Construction for Sale in Downtown Toronto
124 days on marketNeighbourhood: Little Portugal
- MLS Number
- C12851864
- Property Type
- New Construction
- Status
- active
- Days on Site
- 124
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,361 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RIGHT AT HOME REALTY
Rare fully built-out commercial condo in the heart of the vibrant Queen West / Liberty Village corridor, featuring nearly 1,400 sq. ft. of premium ground-floor space and over $300,000 in professionally designed leasehold improvements. This turn-key space showcases polished concrete floors, upgraded electrical distribution, enhanced HVAC, new plumbing supporting a barrier-free washroom and kitchen area, interior offices/partitions, integrated stereo and security systems, and excellent natural light from soaring ceilings with southern exposure. Situated in one of Toronto's fastest-growing mixed-use neighbourhoods with over 15,000 residential units within a short walking radius and continued high-density development throughout Liberty Village, King West, and Queen West, the property is located directly across from the future King-Liberty SmartTrack / GO Station on Sudbury Street, projected to serve approximately 19,600 daily riders, significantly increasing pedestrian traffic and long-term retail demand. Flexible CR zoning permits a wide range of commercial uses, including professional offices, medical or wellness clinics, creative studios, boutique retail, personal services, and specialty commercial uses, making this an exceptional opportunity for end users seeking a designer space without costly construction timelines and investors looking to secure high-quality tenants at strong market rents in a rapidly expanding transit-oriented corridor.
Estimate your monthly payments for this property
Estimated Payment
$5,878.62/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 Little Portugal
Little Portugal 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 Little Portugal
- •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
Little Portugal 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 Sudbury Street, Downtown Toronto / Waterfront
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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 $976/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.
Negotiation Opportunity
At 124 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
About Little Portugal
I know Little Portugal 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 $5,538 (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.