$600,000
For sale: Apartment

This is an opportunity to acquire over 900 Square feet of move in ready living space with a ton of upside potential to renovate later to build equity quickly. Welcome to Celebrity Place Condominiums, a hidden downtown gem at 77 Maitland Place; set within gated, park-like setting in the heart of Toronto. This unit was owned by the same resident since 1995, they are rarely offered for sale. Why pay for someone else's renovation you likely will want to redo one day anyway. This largest model in the building for 2 full bedrooms, 2 full baths at over 900 Sq. Ft., plus, an additional 150 Sq. Ft. balcony. The generous principal rooms and layout provides exceptional fundamentals for end users and investors alike. The master bedroom is huge, large ensuite laundry closet with existing rough-in for attachments. Large rectangular balcony accommodates full outdoor furniture settings, adding meaningful living space to the unit. The kitchen remains original and very functional; an ideal value-add opportunity to be had. Meticulously maintained, the suite is ready to enjoy now, and renovate over time. Celebrity Place is known for its mature, stable ownership, supporting long-term value and demand. Steps to hospitals, both universities, premier shopping, dining, and live theatre district. Quick access to the DVP, Gardiner expressway, and both subway lines (approx. 10-minute walk). Positioned on the 4th floor level connecting the north and south towers-this unit offers seamless access to the many amenities without changing elevators. Amenities include 5 star 24-hour concierge, visitor parking, common EV charging stations, carwash bay, party & video rooms, full gym, squash courts, library, and a private in-house convenience store. Buy, renovate, and capitalize-or move in, enjoy and upgrade over time. This is downtown condo investing done right.
Sold data
Apartment homes in Toronto (Cabbagetown-South St. James Town) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.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 (Cabbagetown-South St. James Town) 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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