Sold
$569,000
2bed|1bath|800-899sqft
1 parking|0 locker
Unit 1005
71 Simcoe Street 1005, Toronto C01, ON M5J 2S9
Residential Condo & Other|$1011 fees|$2840 tax
MLS #C12177109
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Unit 2104 at Symphony Place Condos
Sold71 Simcoe Street 2104, Toronto C01, ON M5J 2S9
MLS #C7392246
$905,000
Sold on March 14, 2024
March 14, 2024
Originally listed at $840,000 10 days on market
About This Property
Live in perfect harmony at 'Symphony Place' across from Roy Thompson Hall! Sophisticated, well established boutique building situated in the bustling Entertainment District steps from St Andrew Station. Bright and spacious 1100sqft one bed + den (easily 2nd br) has been fully updated offering fantastic value in this desirable locale. Upgrades include flat ceilings, pot lights, closet organizers, elegant flooring and finishes. Functional custom kitchen boasts ample storage, large breakfast bar, double sink and plenty of natural light. Renovated bathroom complete with walk in rain shower, full size laundry and clever storage design. Overlooking quiet Emily Street this peaceful retreat is just an elevator ride away from nightlife, restaurants, theatres, shopping and transit. Modern refurbished amenity floor, oversized private locker room conveniently located by prime parking spot (no one beside) upgraded with EV charger. Too many features to list, come see it for yourself! Walk score 100!
Investment Analysis
$3,278
Est. Monthly Rent
Based on $3/sqft
4.68%
Gross Yield
Before expenses
2.51%
Net Yield
After expenses
21.4
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($1249/mo) and property tax ($3,258/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$764/sqftSymphony Place Condos
$740/sqft+3.2%
University
$777/sqft-1.7%
Toronto C01
$979/sqft
Building PSF Range
$669$781
Fair Market Price
This unit is priced in line with the building average of $740/sqft. Expected net yield of 2.51% after maintenance and taxes.
Analysis based on 3 sales and 9 leases in this building. Unit size estimated at 1100 sqft.
Property Details
Bedrooms
2
Bathrooms
1
Square Feet
1000-1199 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypeUnderground
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-945
MLS Size1000-1199
Listed OnJan 10, 2024
Maintenance Fees$1,249/month
Property Tax$3,258/year
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Foyer(Main) | 1.98 x 1.24 | 6.5 x 4.1 | - |
| Kitchen(Main) | 3.63 x 2 | 11.9 x 6.6 | - |
| Living Room(Main) | 5.23 x 7.11 | 17.2 x 23.3 | - |
| Den(Main) | 2.97 x 2.69 | 9.7 x 8.8 | - |
| Primary Bedroom(Main) | 4.06 x 3.15 | 13.3 x 10.3 | - |
| Bathroom(Main) | 1.9 x 2.21 | 6.2 x 7.3 | - |
Room Dimensions Available
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Price History
Original List Price
$840,000
Listed on Jan 10, 2024
Sold Price
$905,000
Sold on Mar 14, 2024
+$65,000
7.7%
10 days on market
Price History Available
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Similar Sold Units in This Building
Sold
$1,015,000
2bed|2bath|1200-1399sqft
1 parking|1 locker
Unit 2201
71 Simcoe Street 2201, Toronto C01, ON M5J 2S9
Residential Condo & Other|$1453 fees|$3891 tax
MLS #C12131938
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Sold
$970,000
3bed|2bath|1200-1399sqft
1 parking|1 locker
Unit 904
71 Simcoe Street 904, Toronto C01, ON M5J 2S9
Residential Condo & Other|$1574 fees|$4199 tax
MLS #C11823593
View complete sale history and details
OQ
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OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Building Information
Building NameSymphony Place Condos
Address71 Simcoe, Toronto C01
Parking TypeUnderground
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About Unit 2104 at Symphony Place Condos
Unit 2104 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 1000-1199 square feet located at Symphony Place Condos, 71 Simcoe, Toronto C01. This unit is currently sold (sold for $905K).
About Symphony Place Condos
Symphony Place Condos is located at 71 Simcoe, Toronto C01. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.
University Neighbourhood
This unit is located in University, part of Toronto C01 in the Toronto area. Explore more condos for sale and rent in this community.
Whether you're looking to buy, sell, or rent at Symphony Place Condos, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.
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