25 Lower Simcoe St 508
Waterfront Communities C1, Downtown Toronto, M5J 3A1
FOR SALE
$929,000
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BEDROOMS2
BATHROOMS1
KITCHENS6
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Property Description
Welcome to 25 Lower Simcoe Street, a sophisticated urban sanctuary where luxury meets convenience in the heart of downtown Toronto. This meticulously designed condo offers an unparalleled living experience, featuring two spacious bedrooms, two full bathrooms, and a versatile den that can serve as an office, guest room, or creative space. Located in one of the city's most vibrant and sought-after neighbourhoods, this home combines modern elegance with the ultimate downtown lifestyle. As you step inside, you are greeted by a bright and open layout adorned with expansive windows that fill the space with natural light while offering breathtaking views of the city skyline. The living area is perfect for relaxing or entertaining, with its seamless flow and contemporary design. The gourmet kitchen is a chef's dream, equipped with full-size stainless steel appliances, sleek countertops, and ample cabinetry to accommodate all your culinary needs. Whether you're preparing a quick meal or hosting a dinner party, this kitchen is both functional and stylish. The primary bedroom provides a serene retreat after a long day, complete with a large closet and a luxurious ensuite bathroom. The second bedroom is equally inviting, offering ample space and comfort for family or guests. The unit also features a second full bathroom, elegantly designed with modern finishes. The den adds an extra layer of functionality to this home, making it ideal for working remotely, setting up a cozy reading nook, or accommodating overnight guests. One of the standout features of this condo is the oversized locker, a unique offering in downtown Toronto. As spacious as a small room, it provides unparalleled storage for all your belongings, ensuring your living space remains clutter-free. Additionally, the unit includes a highly coveted underground parking spot, offering convenience and peace of mind in the bustling downtown core.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-10-27 | 2021-11-03 | 7 | $3,100 | $3,100 | Leased |
| 2021-10-16 | 2021-10-28 | 12 | $3,800 | - | Terminated |
| 2020-01-07 | 2020-04-30 | 114 | $4,500 | - | Expired |
Nearby Intersections
Queens Quay & York (71)
York & Bremner (78)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$3,834 (2024)
Basement
None
Exterior
Brick, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
25 Lower Simcoe St 508 is a 3-bedroom 2-bathroom condo listed for sale at $929,000, which is $273,533 (22.7%) lower than the average sold price of $1,202,533 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto increased by $358,140 (42.4%) compared to the previous 30 day period (December 22 - January 20) and up $309,595 (34.7%) from the same time one year ago.Inventory Change
There were 216 3-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 47.9% compared with the previous 30 day period (December 22 - January 20) and up 9.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($28,974) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $467 increase compared to the previous 30 day period (December 22 - January 20) and ($24,701) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 23.1%, down from 34.2% over the previous 30 days (December 22 - January 20) and down from 35.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Aboutowne Realty Corp.
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