Welcome to Suite 1203 at 87 Peter Street, a bright and efficiently designed 2-bedroom, 1-bath condo in the heart of Toronto's vibrant Entertainment District. Featuring a modern open-concept layout, this suite offers sleek finishes, wide-plank flooring, and floor-to-ceiling windows that fill the space with natural light and showcase city views.The contemporary kitchen flows seamlessly into the living and dining areas, creating a functional space ideal for everyday living and entertaining. Both bedrooms are well-proportioned, with flexibility for guests, a home office, or additional living space.A rare and highly convenient feature is the locker located on the same floor as the unit, offering easy everyday access. Residents enjoy premium amenities including a fitness centre, party room, concierge, and a pet spa on the main floor - perfect for pet owners.Steps to King West, Queen West, transit, dining, nightlife, and the Financial District , experience the best of downtown living.
2 bedrooms, 1 bathroom, about 600 sq ft, works out to roughly $925 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 87 Peter St #1203
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
87 Peter St #1203 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13785580$555,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 87 Peter St #1203 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
$2,727
/mo
based on the purchase price of $555,000
$111,000 cash
$444,000 financed
$373,965 total interest
Principal54%$444,000
Interest46%$373,965
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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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 1–2 bed homes for sale in Toronto around $555K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5042.3%On average, homes sold at or above asking.
Active listings12,207Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 6 – Aug 4, 2026: prices up.
Based on 9,406 sales from Aug 4 – Nov 2, 2026 (7,002 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
9 for sale · 8 for rent at 87 Peter St — plus its sale and lease history.
87 Peter St #1203 is listed at $555,000 (MLS® C13785580). Summitly updates the price as soon as the MLS® record changes.
Is $555,000 a good price for 87 Peter St #1203?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 87 Peter St #1203 changed?
No — 87 Peter St #1203 is still listed at its original asking price of $555,000.
How many bedrooms and bathrooms does 87 Peter St #1203 have?
87 Peter St #1203 has 2 bedrooms and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
Is 87 Peter St #1203 close to transit?
The nearest rapid-transit station is St. Andrew Station (Line 1), about 610 m (about a 8-minute walk) in a straight line. Osgoode Station is about 640 m (about a 8-minute walk), and St. Patrick Station is about 940 m (about a 12-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 87 Peter St #1203?
About $2,727 a month — principal and interest on $555,000 with 20% down ($111,000), 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 87 Peter St #1203 compare with other homes in Toronto?
Its asking price of $555,000 is about 34% below the median sold price in Toronto over the last 90 days, $845,000, across 9,406 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 87 Peter St #1203 been sold before?
Summitly has no earlier MLS® sale or lease of 87 Peter St #1203 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 87 Peter St #1203?
87 Peter St #1203 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 87 Peter St #1203 been on the market?
48 days — 87 Peter St #1203 was listed on September 15, 2026.
What is the price per square foot of 87 Peter St #1203?
About $794 to $925 per square foot: the asking price of $555,000 over the 600–699 sq ft the listing gives as its size range.