123 Portland

123 Portland is a newly completed 13-storey boutique condominium building in the Waterfront Communities neighbourhood of downtown Toronto, developed by Minto. The building contains approximately 650 square feet per unit on average, with a mix of one-, two- and three-bedroom plus den layouts. Recent sales have averaged around $576,000, with asking prices for current units ranging near $796,000; rental rates average approximately $3,100 to $3,900 per month. Monthly condo fees average roughly $899, or $1.10 per square foot, covering heat, water and building insurance. The building features contemporary finishes—Miele appliances, Caesarstone countertops, hardwood floors and smart home technology—alongside amenities including a rooftop terrace, fitness studio, concierge service and games room. Located in vibrant King West with excellent access to restaurants, retail and parks, the building is managed by Melbourne Property Management. Before purchasing, prospective buyers should request and review the status certificate, reserve fund study, financial statements, board minutes, and by-laws to understand the building's financial health and governance.