1608-238 Simcoe Street, Toronto, ON
University, Toronto · MLS® C13090580
About this home
Brand new unit in 842 sq ft South West corner with wrap around windows two bedrooms with 1 parking, Huge Terrace, which is very different from other units. Great layout and view. LOCATION is Everything, and Artists Alley Nails it: Just a 3-Minute Walk to St. Patrick Station, 10-minute to the University of Toronto, and a Quick 10-Minute Stroll to Eaton Centre, Major Hospitals and the Financial District. Whether You are A Student, Professional, Investor, or Someone who loves the downtown lifestyle, this unit places you right in the heart of it all.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13090580
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- University & Dundas
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Maintenance
- $810/mo
- Exposure
- South West
- Days on market
- 78
- Listing brokerage
- DREAM HOME REALTY INC.
Rooms
3 pc ensuite · balcony · closet
closet · laminate · balcony
combined w/living · b/i appliances · combined w/dining
Large Window
combined w/kitchen · window floor to ceiling · w/o to balcony
Listed at $896,000, and my independent estimate is about 14% above what comparable homes suggest.
In University lately, sellers get about 96% of asking; homes sell in ~45 days · prices down 10% YoY.
Total price vs nearby homes. Fair value about $789K, median of 15 comparables.
How this estimate is builtthe short version
I take the 15 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($1,055/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 15 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 2% above the area average of $1,033/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
University, Toronto, ON
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $716,800 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,825
- Property tax
- $560
- Condo / maintenance fees
- $810
- Heating
- $0
- Estimated monthly cost
- $5,195
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,395
- Toronto municipal land transfer tax
- $14,395
- Estimated closing costs
- $28,790
Plus your down payment of $179,200. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $229,507
- Principal paid down
- $91,285
- Interest paid
- $138,222
- Balance remaining
- $625,515
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of DREAM HOME REALTY INC.. MLS®/PropTx.