607-126 Simcoe Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13559702
About this home
Must see , vacant, move-in-ready 2 bedroom, 2 bath condo (as per floor plan total 843 sq ft = 761 sq ft/unit + 82 sq ft/balcony) at a prime location, University/Adelaide. INCLUDED OWNED PARKING near the elevator, OWNED LOCKER. 24/7 concierge. COMPARE: At This Price, Builders Today Offer Only a 1-Bedroom. Here: 2 Bed, 2 Bath, OWNED PARKING, OWNED LOCKER. SELLER WILL CONSIDER SUITABLE TERMS, OFFERS, AND OTHER INCENTIVES FOR SERIOUS BUYERS. WELL-POSITIONED VALUE IN TORONTO'S DOWNTOWN CORE WITH FLEXIBLE CLOSING. Sought-after split-bedroom layout: primary bedroom with ensuite full washroom and walk-in closet; 2nd bedroom with large closet and ensuite full washroom. See the posted floor plan and explore the online 3D unit tour. Entryway separates the living space from the front door. Quiet side street exposure. Easy stair access and no long elevator waits. Recessed balcony with a solid concrete base - added privacy and peace of mind for families, plus practical space for seating or storage and year-round shelter from sun, wind, rain, and snow. Rabba groceries downstairs, open 24/7. Steps from the Shangri-La Hotel, where you can enjoy live music in the lobby by the fireplace. Residents enjoy exclusive rooftop and ground-floor amenities: two gyms, yoga studio, steam room, jacuzzi, rooftop party room with fireplace and billiards, movie theatre, outdoor plunge pool, cabanas, BBQs, tanning deck, guest suites, and visitor parking. Walk Score 100 in the heart of the Financial and Entertainment districts. PATH, St. Andrew, and Osgoode stations about 5 minutes away; Union Station under a 20-minute walk. Close to hospitals, University of Toronto, Roy Thomson Hall, City Hall skating, theatres, restaurants, the lakefront, aquarium, and Rogers Centre. See the posted floor plan and explore the online 3D unit tour.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13559702
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-799
- Cross streets
- Simcoe And Adeliade
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $776/mo
- Exposure
- North
- Property tax
- $3,929 / 2026
- Days on market
- 4
- Listing brokerage
- UPPERSIDE REAL ESTATE LIMITED
Rooms
centre island · granite counters · ceramic backsplash
w/o to balcony · hardwood floor · north view
walk-in closet(s) · w/o to balcony · 4 pc ensuite
hardwood floor · 3 pc bath · closet
broadloom · sliding doors · closet
Listed at $668,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 32 similar homes nearby, adjusted for size, beds, and baths.Median of 32 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $739K, 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 $819K
- Adjusts to $819K
That comparable adjusts to $819K; the $691K estimate above is the median of all 32 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 more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $691K, median of 32 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Primary suite: a key comfort and resale feature.
- Elevator: rare and valuable for accessibility and resale.
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 6% below the area average of $943/sqft.
3 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
Car-DependentA 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.
Almost all errands require a car.
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 $534,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,852
- Property tax
- $327
- Condo / maintenance fees
- $776
- Heating
- $0
- Estimated monthly cost
- $3,955
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,835
- Toronto municipal land transfer tax
- $9,835
- Estimated closing costs
- $19,670
Plus your down payment of $133,600. 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
- $171,105
- Principal paid down
- $68,056
- Interest paid
- $103,049
- Balance remaining
- $466,344
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 UPPERSIDE REAL ESTATE LIMITED. MLS®/PropTx.