MLS® listing
71 Simcoe Street 2601: condo apartment for sale
$2,950,000
From the listing brokerage
Unrivalled penthouse in the heart of Toronto's Entertainment District occupying the entire 26th floor with sweeping 360 degree panoramic city views. Across from Roy Thomson Hall, Symphony Place is a hidden jewel with only 87 units. It has a discreet 'New York' style lobby entrance, 24-hour concierge and recently renovated amenities. This one-of-a-kind contemporary penthouse features over 3,300 sq ft of dramatic, timelessly designed space by renowned architect Peter Ng. Greet your guests as they step off the elevator into your private hallway before entering the large foyer with a separate double closet and powder room. Entertain your guests in the magnificent open concept living and dining area with a walk-out to an impressive south facing 225 sq ft landscaped terrace overlooking the cityscape. The bonus studio/workshop is accessed from the terrace. Two additional balconies face west for sunset views; concert nights are breathtaking with a spectacularly illuminated Roy Thomson Hall! The custom Scavolini kitchen is a chef's dream with wrap around granite and stainless steel countertops, built-in appliances, storage galore and a concrete backsplash. The butler's pantry and laundry room with its own garbage chute plus ample storage and counter space is exceptionally convenient for hosting larger events. Retreat to the family room for cozy evenings with custom built-in bench seating, media center & a work-at-home desk. The lavish primary bedroom is moonlit with a north view, a walk-in closet plus a dressing room. Enter the 5-piece ensuite bathroom for a spa-like experience with its joyful winding mosaic tiled entry to the rain shower. The generously proportioned additional bedroom boasts a deluxe 6-piece ensuite bathroom & walk-in closet. There is also an extra utility/locker room for storage. This coveted boutique residence provides modern sophistication all within walking distance of top tiered dining, entertainment, the Financial District PATH & St. Andrew's subway.
Facts on the listing
| Square feet | 3250-3499 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Fan Coil |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $3,660 |
| Property tax | $10,136 |
| Tax year | 2026 |
| Locker | Ensuite+Owned |
| Pets | No |
| Exposure | South West |
| Fee includes | Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included |
| Building amenities | Concierge, Gym, Party Room/Meeting Room, Visitor Parking, Media Room |
| Balcony | Terrace |
| Laundry | Ensuite, Laundry Room |
| Parking | Underground |
| Interior features | Bar Fridge, Built-In Oven, Storage |
| Features | Arts Centre, Hospital, Park, Public Transit |
| View | City, Downtown, Panoramic |
| Floor | 23 |
Listing courtesy of Johnston & Daniel. MLS® C13793382.
About this condo apartment
71 Simcoe Street 2601 is a 2 bedroom condo apartment in TRREB's Bay Street Corridor community in Toronto, listed for sale at $2,950,000. The listing shows 3 bathrooms and 3250-3499 square feet. The style is given as apartment. The unit faces south west. It comes with 2 parking spaces, an underground garage and a locker (ensuite+owned) according to the listing. The nearest main intersection given is Between King & Wellington/West of University.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: concierge, gym, party room/meeting room, visitor parking and media room.
What it costs to buy 71 Simcoe Street 2601
At the asking price of $2,950,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,950,000 |
|---|---|
| Ontario land transfer tax | $60,225 |
| Toronto municipal land transfer tax | $60,225 |
| Both taxes | $120,450 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $590,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $3,660 a month |
|---|---|
| Property tax (2026) | $10,136 a year, about $845 a month |
| Fee and tax together | about $4,505 a month |
The listing says the maintenance fee includes heat, hydro, water, cac, common elements, building insurance and parking. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $2,950,000, which is $2,400,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "No".
- Confirm the parking and locker. The listing shows 2 parking spaces and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 71 Simcoe Street 2601
How much is land transfer tax on 71 Simcoe Street 2601?
At the asking price of $2,950,000 the Ontario tax is $60,225 and the Toronto tax is $60,225, $120,450 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 71 Simcoe Street 2601?
$590,000 at the asking price of $2,950,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 71 Simcoe Street 2601?
The listing shows $3,660 a month, including heat, hydro, water, cac, common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 71 Simcoe Street 2601?
The listing shows $10,136 a year for 2026, about $845 a month.
Is 71 Simcoe Street 2601 priced above or below the median?
It is listed at $2,950,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $2,400,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 71 Simcoe Street 2601?
Use the form on this page or call us. Quote MLS® C13793382. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 71 Simcoe Street 2601 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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