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New13 minutes ago

1004 - 71 Simcoe Street

Bay Street Corridor, Toronto

$779,000

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

Experience Urban Luxury Living at Symphony Place. Discover a rare opportunity to live in one of one Toronto's premier luxury 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. 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. This 2 bedrooms suite with two full bathrooms spans 1340 sqft. One parking and one huge locker. Large windows frame an unobstructed south west-facing view of Toronto Entertainment District. The expansive living and dining area is filled with natural light and cozy dining room . The primary bedroom is truly a retreat plush broadloom complete with a walk-in closet and a 5-piece ensuite featuring a whirlpool tub. The second bedroom includes a convenient 4-piece ensuite and ample closet space. The Living room and hallway feature modern solid wood flooring. The seller is considering selling the furniture in the whole unit, including tableware, but excluding all the paintings on the wall. The price is negotiable. No Pets ,No Airbnb Allowed for this building.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$1,639
LockerOwned
BalconyNone
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,535
mls© NumberC14168860
Listed ByHOMELIFE NEW WORLD REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Parking Included
Building Insurance Included
Hydro Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,987
Property tax
$378
Heat allowance
$150
Condo fees, half counted
$820
Housing costs
$5,335 / mo

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

Down payment20% · $155,800
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,278 / mo
Cash down
$155,800

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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