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New4 hours ago

PH02 - 126 Simcoe Street

Waterfront Communities C1, Toronto

$1,200,000

Condo Apartment |
1 | 2 | 1 | 1
About this home

Welcome to an extraordinary two-storey penthouse in the heart of Toronto's Entertainment District, offering nearly 1,200 sq. ft. of interior living space and a spectacular 660+ sq. ft. private wraparound terrace. This is downtown living on an entirely different level. Enjoy sweeping southwest and northwest city views, exceptional natural light, soaring 10-foot ceilings and a layout that feels more like a home than a condo. The showpiece is your expansive outdoor retreat, complete with a custom putting green and plenty of room to entertain, dine or simply unwind above the city. Inside, a gourmet kitchen with stainless steel appliances complements the spacious living and dining areas, while the generous primary suite features a walk-in closet, private ensuite and walkout to a second balcony. Two lockers provide valuable additional storage. Just steps from the PATH, world-class dining, entertainment, shopping and transit. A rare opportunity to own a truly distinctive penthouse with outdoor space that's almost impossible to replicate in downtown Toronto.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style2-Storey
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,187
LockerOwned
BalconyTerrace
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$6,650
mls© NumberC14113940
Listed ByREAL BROKER ONTARIO LTD.
Water Included
Heat Included
Common Elements Included
Building Insurance Included
CAC Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,142
Property tax
$554
Heat allowance
$150
Condo fees, half counted
$593
Housing costs
$7,440 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $240,000
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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