51 Lower Simcoe St 516
Waterfront Communities C1, Downtown Toronto, M5J 3A2
FOR SALE
$689,900
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSC9346794
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Property Description
Discover the epitome of urban living with this stunning 1+den condo in the heart of Toronto. Imagine waking up to unobstructed views of the iconic CN Tower and Rogers Centre, with the city's best attractions at your doorstep. Walking distance to Union Station and the PATH. This prime location offers unparalleled convenience: Vibrant nightlife, diverse dining options, premium shopping, and enjoy easy access to Lake Shore Blvd & the Gardiner Expressway for effortless commuting. Step outside to experience Toronto's Harbourfront - where you can enjoy festivals, explore an array of restaurants and shops, or take a leisurely walk along the picturesque boardwalk. This condo is ideal for first-time buyers or investors looking for a premium property in a sought-after area. Step inside to an open-concept layout featuring re-engineered hardwood floors, a spacious living and dining area with a walk-out balcony showcasing breathtaking views. The kitchen boasts Quartz countertops, stainless steel appliances, and a convenient breakfast bar. The bedroom is a serene retreat with double closets and floor-to-ceiling windows overlooking the city's famous landmarks. The versatile den is perfect for a home office or study area. With full 4pc bath and convenient ensuite laundry. Enjoy top-notch amenities within the A+ building, including an indoor pool, fully equipped gym, 24-hour concierge, rooftop deck with BBQs, and a stylish party room. This condo offers everything you need for a sophisticated, convenient lifestyle - make it yours today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-07 | 2024-08-02 | 56 | $698,888 | - | Terminated |
| 2024-04-02 | 2024-06-05 | 64 | $699,888 | - | Terminated |
| 2021-01-05 | 2021-01-14 | 9 | $1,950 | $1,975 | Leased |
| 2020-10-08 | 2021-01-05 | 89 | $2,150 | - | Terminated |
Nearby Intersections
Queens Quay & York (139)
York & Bremner (164)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,645 (2023)
Basement
None
Exterior
Concrete
Heat Type
Fan Coil
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (P4)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.37' x 11.15' | Hardwood Floor, Open Concept, W/O To Balcony |
| Dining | Main | 12.66' x 6.53' | Combined W/Living, Open Concept |
| Kitchen | Main | 12.66' x 9.12' | Tile Floor, Quartz Counter, Breakfast Bar |
| Prim Bdrm | Main | 9.88' x 13.78' | Hardwood Floor, Window Flr to Ceil, Double Closet |
| Den | Main | 7.94' x 9.28' | Hardwood Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
51 Lower Simcoe St 516 is a 1-bedroom 1-bathroom condo listed for sale at $689,900, which is $120,664 (21.2%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) more 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 1-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Advantage Realty
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