Welcome to Suite 605 at 51 Lower Simcoe Street! This inviting downtown condo features an open-concept layout, floor-to-ceiling windows and a private balcony. The kitchen offers granite countertops, stainless steel appliances and a breakfast bar overlooking the living and dining area. A comfortable bedroom, ensuite laundry and easy-care flooring complete the space. Enjoy building amenities including an indoor pool, fitness centre, sauna, party room and billiards room. Ideally located near Union Station, the waterfront, Scotiabank Arena, Rogers Centre, steps away from parks, restaurants and shopping. A convenient place to call home in the heart of the city!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $1,100 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 51 Lower Simcoe St #605
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
51 Lower Simcoe St #605 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14115872$550,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 51 Lower Simcoe St #605 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,702
/mo
based on the purchase price of $550,000
$110,000 cash
$440,000 financed
$370,595 total interest
Principal54%$440,000
Interest46%$370,595
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $550K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4987.8%On average, homes sold at or above asking.
Active listings12,288Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 29 – Jul 28, 2026.
Based on 9,511 sales from Jul 28 – Oct 26, 2026 (6,903 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale at 51 Lower Simcoe St — plus its sale and lease history.
Union StationLine 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express380 m5 min walk
Loading schools, parks, groceries and more nearby…
Transit
Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express)5 min walk
St. Andrew Station (Line 1)8 min walk
King Station (Line 1)11 min walk
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
51 Lower Simcoe St #605 is listed at $550,000 (MLS® C14115872). Summitly updates the price as soon as the MLS® record changes.
Is $550,000 a good price for 51 Lower Simcoe St #605?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 51 Lower Simcoe St #605 changed?
No — 51 Lower Simcoe St #605 is still listed at its original asking price of $550,000.
How many bedrooms and bathrooms does 51 Lower Simcoe St #605 have?
51 Lower Simcoe St #605 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 51 Lower Simcoe St #605 close to transit?
The nearest rapid-transit station is Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express), about 380 m (about a 5-minute walk) in a straight line. St. Andrew Station is about 640 m (about a 8-minute walk), and King Station is about 890 m (about a 11-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 51 Lower Simcoe St #605?
About $2,702 a month — principal and interest on $550,000 with 20% down ($110,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 51 Lower Simcoe St #605 compare with other homes in Toronto?
Its asking price of $550,000 is about 35% below the median sold price in Toronto over the last 90 days, $840,000, across 9,511 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 51 Lower Simcoe St #605 been sold before?
Summitly has no earlier MLS® sale or lease of 51 Lower Simcoe St #605 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 51 Lower Simcoe St #605?
51 Lower Simcoe St #605 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 51 Lower Simcoe St #605 been on the market?
51 Lower Simcoe St #605 was listed today (October 26, 2026).
What is the price per square foot of 51 Lower Simcoe St #605?
About $918 to $1,100 per square foot: the asking price of $550,000 over the 500–599 sq ft the listing gives as its size range.
Does 51 Lower Simcoe St #605 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
