PH02-126 Simcoe St
Waterfront Communities C1, Toronto, Ontario M5H 4E6
- Bedrooms
- 1
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $1,091at the range’s middle
- Tax a year
- $6,6502026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About PH02-126 Simcoe St
PH02-126 Simcoe St is a 1-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $1,200,000 (MLS® C14113940).
Welcome to an extraordinary two-storey penthouse in the heart of Toronto's Entertainment District, offering nearly 1,200 sq. ft. of interior living space and a spectacular 616 sq. ft. private wraparound terrace. This is downtown living on an entirely different level. Enjoy sweeping southwest and northwest city views, exceptional natural light, soaring 10-foot ceilings and a layout that feels more like a home than a condo. The showpiece is your expansive outdoor retreat, complete with a custom putting green and plenty of room to entertain, dine or simply unwind above the city. Inside, a gourmet kitchen with stainless steel appliances complements the spacious living and dining areas, while the generous primary suite features a walk-in closet, private ensuite and walkout to a second balcony. Two lockers provide valuable additional storage. Just steps from the PATH, world-class dining, entertainment, shopping and transit. A rare opportunity to own a truly distinctive penthouse with outdoor space that's almost impossible to replicate in downtown Toronto.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$4,816/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 191 condos with 1 bedroom for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,650 / 2026
- MLS® number
- C14113940
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 2-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc, 1 × 2pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $1,187
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.41 × 4.56 m | hardwood floor, W/O To Balcony, Window Flr to Ceil | Flat |
| Dining | 3.1 × 3.35 m | hardwood floor, W/O To Balcony, Window Flr to Ceil | Flat |
| Kitchen | 2.1 × 4.4 m | hardwood floor, Stainless Steel Appl, Open Concept | Flat |
| Primary | 4.6 × 5.6 m | hardwood floor, W/O To Balcony, 4 Pc Ensuite | Upper |
Listing history
Buy/sell history for PH02-126 Simcoe St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,200,000 | N/A | For Sale | C14113940 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $240,000
- Total mortgage amount
- $960,000
- Total interest payment
- $682,500
- Total purchase cost
- $1,882,500
- Mortgage payment
- $5,475/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
90%Monthly carrying cost
$7,216- Rent $2,400
- Shortfall $4,816
Rental income opens at $2,400, the median asking rent of 191 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $20,475
- Toronto municipal land transfer tax
- $20,475
- Total land transfer tax
- $40,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $32,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,200,000
- $16,000
- Ontario total
- $20,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $20,475.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CRE (x74)By-law
569-2013Municipality
Toronto1 x74
Site-specific exception 74: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(74)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
5 building permits cleared at this address in the City’s file.
Interior AlterationsPermit Issued
Proposed emergency finish removal - Due to Ethylene Glycol Discharge to the high-rise residential condominium.
Issued January 31, 2024
Garage Repair/ReconstructionPermit Issued
Proposal for restoration and protection of the Traffic-Bearing Waterproofing System to the Parking Garage of 126 Simcoe Street and 21 Nelson Street.
Issued May 6, 2021
SprinklersClosed
Sprinklers in connection to BLD 07 128752.
Issued October 28, 2010
Building Permit Related(MS)Inspection
HVAC - Phase 2 : Proposed 35 storey residential tower with ground floor retail, and 5 levels of below grade parking. ( Phase 1: #11 Nelson St, #06-180496 BLD 00 NB)
Issued June 9, 2010
New BuildingInspection
Phase 2 : Proposed 35 storey residential tower with ground floor retail, and 5 levels of below grade parking. ( Phase 1: #11 Nelson St, #06-180496 BLD 00 NB)
Issued June 9, 2010
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
211 ADELAIDE ST WSite planUnder Review
Site Plan Approval application for a 61-storey mixed-use building having a non-residential gross floor area 22,601 square metres, and a residential gross floor area of 44,683 square metres. A total of 526 rental dwelling units are proposed. The proposed development incorporates the existing heritage building in its base. (See also: Rezoning 16 192792 STE 20 OZ / OLT Case PL171103)
80 m away200 UNIVERSITY AVEOfficial plan or zoning amendmentOMB Appeal
Official Plan and Zoning By-law Amendment application to facilitate redevelopment at 200 University Avenue for a 37-storey addition above the existing 16-storey heritage building for an overall height of 53-storeys. The proposal consists of 52,661 square metres of gross floor area and 622 residential units, of which 24 are proposed as affordable rental dweling units. 46 vehicle parking spaces and 363 bicycle parking spaces are proposed.
80 m away200 UNIVERSITY AVESite planOMB Appeal
Site Plan application to facilitate redevelopment at 200 University Avenue for a 37-storey addition above the existing 16-storey heritage building for an overall height of 53-storeys. The proposal consists of 52,661 square metres of gross floor area and 622 residential units, of which 24 are proposed as affordable rental dweling units. 46 vehicle parking spaces and 363 bicycle parking spaces are proposed.
80 m away217 ADELAIDE ST WSite planUnder Review
Proposal for a 23-storey non-residential building having a gross floor area of 18,641 square metres.
90 m away100 SIMCOE STSite planUnder Review
Site Plan Approval application for a 61-storey mixed-use building having a non-residential gross floor area 22,601 square metres, and a residential gross floor area of 44,683 square metres. A total of 526 rental dwelling units are proposed. The proposed development incorporates the existing heritage building in its base. (See also: Rezoning 16 192792 STE 20 OZ / OLT Case PL171103)
90 m away224 ADELAIDE ST WPlan of subdivisionUnder Review
Proposed draft plan of Subdivisin to create 3 stratified blocks in association with Zoning Amendment application 20-226357 STE 10 OZ
110 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 630
- Median asking price
- $629K
- New in 7 days
- 69
- Price cuts
- 21%
Middle half: $539K to $837K
251 in 28 days
132 listings
This home is asking 91% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 200 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 250 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 650 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 700 m |
| King Station | TTC subway: Line 1 Yonge-University | 700 m |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 700 m | 72%Grade 6 average |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 1 km | 99%Grade 6 average |
| Beverley SchoolToronto DSB | Public · grades JK–8 | 1 km | — |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.5 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 900 m | 8%Grade 9 math |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1 km | 96%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.7 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.