702 - 140 Simcoe Street

Waterfront Communities C1, Toronto

702 - 140 Simcoe Street, Waterfront Communities C1, Toronto

$679,000


Bedrooms: 2

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $1,131.67


About this Condo

in Waterfront Communities C1, Toronto

Suite 702 at University Plaza - a thoughtfully designed 2-bedroom condo in the heart of Toronto's Financial District, complete with the rare convenience of owned parking and locker. Spanning approximately 700 sq ft, this well-proportioned suite offers an efficient open-concept layout that maximizes both space and functionality. The combined living and dining area extends to a private balcony, bringing in natural light and creating a comfortable setting for everyday living or entertaining. The kitchen is equipped with granite countertops, stainless steel appliances, and ample cabinetry, making it as practical as it is stylish. Configured as a junior 2-bedroom layout, it's perfect for those looking for a secondary space but need more than just a Den or a nook. The smart floor plan makes this suite equally appealing for end-users and investors seeking strong downtown rental demand. Residents of University Plaza enjoy a well-managed building with a boutique residential feel and desirable amenities including 24-hour concierge, fitness centre, party/meeting room, and rooftop terrace. Perfectly positioned in the downtown core, you are just steps to Osgoode Station, the Financial District, UHN hospitals, OCAD, Queen West, King West, the Entertainment District, and PATH access. Dining, culture, transit, and nightlife are all within easy reach. A rare opportunity to own in a building where residents truly love to live, in one of Toronto's most connected and vibrant neighbourhoods.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM.


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
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* This material is for informational purposes only.

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