71 Simcoe St 2201
Bay Street Corridor, Downtown Toronto, M5J 2S9
FOR SALE
$1,150,000
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Property Description
Experience Urban Luxury Living at Symphony Place. Discover a rare opportunity to live in one of Toronto's most coveted boutique residences. This impeccably maintained building, with only 87 units, provides a sophisticated living experience in the heart of the Entertainment, Financial, and Fashion/Queen West districts. Across from Roy Thomson Hall & David Pecaut Square, with direct access to The Path and steps from the Royal Alexandra and Prince of Wales Theatres, this location is unparalleled. Dining, shopping, and transit options, including St. Andrew Subway Station, are all at your doorstep. Unit 2201 was transformed in 2023 with a focus on luxury and entertaining. This 1+1-bedroom suite with a versatile den and two full bathrooms spans 1225 sqft and features an open-concept design that blends style and functionality. The gourmet kitchen boasts quartz countertops and top-tier Caf stainless steel appliances, including a beverage fridge. The living area is centered around a Bio Flame ethanol fireplace, offering warmth and ambiance, while large windows frame an unobstructed west-facing view of Torontos Entertainment District and stunning sunsets. Rich walnut hardwood flooring in a herringbone pattern flows throughout, paired with solid walnut and frosted glass panel doors. The primary retreat offers hotel-inspired elegance, with a feature wall, LED lighting, and a luxurious ensuite featuring a floating double vanity, heated floors, and a stunning Italian porcelain walk-in shower. The second bathroom is equally exquisite with Italian porcelain finishes and a tempered glass shower. Additional conveniences include in-suite storage, laundry, a prime parking space and a dedicated locker room. The buildings amenities, renovated in 2022, include a business center, media/party room, gym and 24-hour concierge service. With a Walk Score of 100, every convenience is just steps away, making Symphony Place the ideal choice for those seeking luxury and convenience.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-11-22 | 2022-12-06 | 14 | $729,000 | $785,000 | Sold |
Nearby Intersections
Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,287 (2024)
Basement
None
Exterior
Stone
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (P3)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 5.38' x 17.95' | Hardwood Floor |
| Bathroom | Main | 6.66' x 8.92' | 3 Pc Bath, Heated Floor |
| Den | Main | 8.04' x 10.96' | Hardwood Floor |
| Kitchen | Main | 13.65' x 15.94' | Stone Counter, Hardwood Floor, Stainless Steel Appl |
| Living | Main | 13.65' x 10.33' | Hardwood Floor, Fireplace |
| Dining | Main | 16.73' x 8.73' | |
| Prim Bdrm | Main | 11.12' x 18.86' | Hardwood Floor, 5 Pc Ensuite |
| Bathroom | Main | 11.12' x 14.53' | 5 Pc Bath, Heated Floor, Double Sink |
| Other | Main | 5.12' x 4.43' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
71 Simcoe St 2201 is a 1-bedroom 2-bathroom condo listed for sale at $1,150,000, which is $592,890 (106.4%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 1-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-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 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage State Realty
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