$1,099,000
For sale: Apartment

Welcome to Suite 1209 at 280 Simcoe Street, a spacious and beautifully updated two-bedroom residence offering approximately 1,515 sq. ft. in the heart of downtown Toronto. Set on a bright south-east corner, the suite features a highly functional split-bedroom layout, generous living and dining areas, and a wood-burning fireplace that adds warmth and character. The eat-in kitchen has been updated with stainless steel appliances, while newer flooring and thoughtful improvements throughout make the home completely move-in ready. Suites of this size are increasingly difficult to find, particularly in such a central location. Just steps from University Avenue and the subway, with the University of Toronto, Hospital Row, Queen West, the AGO and the Financial District all within easy walking distance. One Park Lane also offers extensive amenities including 24-hour security, an indoor pool, fitness room, squash court, saunas, party room and rooftop terraces.
Sold data
Apartment homes in Toronto (Kensington-Chinatown) took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 54, across 2,832 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $568,500.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 2,832 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Kensington-Chinatown) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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