515-140 Simcoe St
Waterfront Communities C1, Toronto, Ontario M5H 4E9
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $892at the range’s middle
- Tax a year
- $4,6812026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 515-140 Simcoe St
515-140 Simcoe St is a 2+1-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $980,800 (MLS® C13885426).
Experience elevated living in this exceptionally spacious, nearly 1,200 sq. ft. corner suite. Defined by its excellent flow and functional layout, this residence features a rare two-bedroom plus enclosed den - utilized as a private third bedroom. Natural light cascades through South & East exposures, while two private balconies provide an exquisite vantage point with iconic views of the Shangri-La! The primary retreat is a true city sanctuary with a walk-in closet and a lavish five-piece, spa-inspired ensuite. A generous secondary bedroom features a large window and ample closet, connecting seamlessly to the beautifully appointed family bath. At the heart of the home, the renovated kitchen marries style with utility, showcasing premium stainless steel appliances, modern lighting, and a breakfast bar seating. A thoughtfully designed foyer with closets, laundry, and abundant storage highlights the suite's practical elegance. Completely turnkey, it includes dedicated parking and a locker. Perfectly positioned downtown, 140 Simcoe offers a tranquil enclave just steps from the city's finest theatres, dining, shopping, and transit.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall32/100−$1,680/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 66 condos with 3 bedrooms 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
- $4,681 / 2026
- MLS® number
- C13885426
- 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
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 5pc Flat, 1 × 3pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All ELFs and all modern window coverings. All existing appliances
- Condo maint.
- $1,140
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 2.83 × 5.79 m | Combined W/Dining, Open Concept | Flat |
| Dining | 3.53 × 5.66 m | Combined W/Kitchen, Balcony | Flat |
| Kitchen | 3.53 × 5.66 m | Combined W/Dining, Open Concept | Flat |
| Den | 1.82 × 4.35 m | Combined W/Living | Flat |
| Primary | 3.01 × 3.53 m | Laminate, 5 Pc Ensuite, Closet | Flat |
| 2nd Br | 2.52 × 3.06 m | Laminate, Sliding Doors, Semi Ensuite | Flat |
Listing history
Buy/sell history for 515-140 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 | $980,800 | N/A | For Sale | C13885426 |
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
- $196,160
- Total mortgage amount
- $784,640
- Total interest payment
- $557,860
- Total purchase cost
- $1,538,660
- Mortgage payment
- $4,475/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
50%Monthly carrying cost
$6,005- Rent $4,325
- Shortfall $1,680
Rental income opens at $4,325, the median asking rent of 66 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
- $16,091
- Toronto municipal land transfer tax
- $16,091
- Total land transfer tax
- $32,182
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $23,707
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 $980,800
- $11,616
- Ontario total
- $16,091
Toronto’s municipal tax uses the same brackets at this price, so it adds another $16,091.
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 Kassaundra Dobson, Broker of Record 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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m140 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 239 building permits issued within 250 m in the last 2 years250 m
- 38 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.7 km1.7 km
- Mapped parcel: about 12,140 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 660 m660 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 190 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
Zoning
Permit history
9 building permits cleared at this address in the City’s file.
Electromagnetic LocksPermit Issued
Adding electro magnetic locks to all parking level (p1-p4) doors leading to staircases no.1 and no.2
Issued November 14, 2023
New BuildingClosed
Revise ground floor by eleminating the convenience door betweeen the residental lobby and the adjancent retail store
Issued September 27, 2007
Interior AlterationsClosed - Dormant
Interior alterations on ground floor to create a new convienance store with a dry-cleaner's distribution station on ground floor.
Issued December 8, 2005
Interior AlterationsClosed - Dormant
Interior alterations to create flower shop.
Issued November 30, 2005
Interior AlterationsClosed - Dormant
Make interior alterations to ground floor unit for proposed condominium sales office.
Issued July 27, 2005
Building Permit Related(PS)Closed - Dormant
Plumbing - Make interior alterations to ground floor unit for proposed condominium sales office. - Interior Alterations
Issued July 27, 2005
Electromagnetic LocksClosed
Install 3 maglocks on P1 parking level.
Issued August 12, 2004
Partial Permit - FoundationClosed
Partial permit in connection with building permit application 01-172048 for foundation only.
Issued March 28, 2003
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.
200 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.
50 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.
50 m away205 QUEEN ST WSite planUnder Review
Ontario Line Osgoode Station
90 m away250 UNIVERSITY AVEPlan of subdivisionUnder Review
Draft Plan of Subdivision to create three blocks.
100 m away224 ADELAIDE ST WSite planUnder Review
Revised Site Plan Control application for a 63-storey mixed-use building with a total height of 219 metres. The revised uses include 30,864 square metres of residential gross floor area (415 residential units) and 8,113 square metres of non-residential gross floor area (including 104 hotel units). The associated Zoning By-law Amendment was Council Approved in July 2022 (see file No 20-226357 STE 10 OZ).
140 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
140 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
- 70
- Price cuts
- 21%
Middle half: $539K to $837K
251 in 28 days
132 listings
This home is asking 56% 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 |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 150 m |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 300 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 550 m |
| Queen Station | TTC subway: Line 1 Yonge-University | 700 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 750 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 | 650 m | 72%Grade 6 average |
| Beverley SchoolToronto DSB | Public · grades JK–8 | 1 km | — |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 1 km | 99%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 850 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.