PH # 12-140 Simcoe Road, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13424982
About this home
Welcome PH#12 at University Plaza, a highly sought-after residence in the heart of Toronto's Financial and Entertainment Districts. This bright and spacious 1-bedroom suite offers approximately 611 sq. ft. Plus Balcony of thoughtfully designed living space with a functional open-concept layout that maximizes comfort and efficiency.Featuring a modern kitchen with stone/granite countertops, stainless steel appliances, ample cabinetry, and a breakfast bar, this suite is ideal for both everyday living and entertaining. The generous living and dining area provides exceptional flexibility, while the oversized bedroom offers privacy and comfort. Large windows fill the space with natural light, creating a warm and inviting atmosphere.Perfect for professionals seeking a downtown lifestyle or investors looking for a rental opportunity, this well-maintained building offers premium amenities including 24-hour concierge, fitness centre, party and meeting rooms, boardroom, rooftop terrace and visitor parking.Boasting a perfect Walk Score of 100 and Transit Score of 100, you're just steps to Osgoode Station, PATH access, UHN hospitals, U of T, OCAD, Queen West, King West, TIFF Lightbox, Rogers Centre, CN Tower, top restaurants, theatres, shopping, and Toronto's vibrant business core. Maintenance fees include heat, hydro, and water, providing exceptional value.A rare opportunity to own in one of downtown Toronto's most connected and desirable neighbourhoods-ideal for end-users and investors alike.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13424982
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- University /Richmond
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $550/mo
- Exposure
- East
- Property tax
- $2,946 / 2026
- Days on market
- 38
- Listing brokerage
- CENTURY 21 MILLER REAL ESTATE LTD.
Rooms
laminate · window
laminate · w/o to balcony · open concept
combined w/living · laminate
ceramic floor · granite counters · breakfast area
Listed at $599,900, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 82 similar homes nearby, adjusted for size, beds, and baths.Median of 82 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $545K, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $569K
- Adjusts to $569K
That comparable adjusts to $569K; the $597K estimate above is the median of all 82 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. University Ave at Richmond St W is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $597K, median of 82 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Open-concept layout: modern, sought-after flow.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 13% below the area average of $1,061/sqft.
37 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: University Ave at Richmond St W, about 91 m away
Within a 15-minute (1.5 km) walk.
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) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $479,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,561
- Property tax
- $246
- Condo / maintenance fees
- $550
- Heating
- $0
- Estimated monthly cost
- $3,357
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,473
- Toronto municipal land transfer tax
- $8,473
- Estimated closing costs
- $16,946
Plus your down payment of $119,980. 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
- $153,662
- Principal paid down
- $61,118
- Interest paid
- $92,544
- Balance remaining
- $418,802
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 CENTURY 21 MILLER REAL ESTATE LTD.. MLS®/PropTx.