138 Downes St

138 Downes St in Toronto's Waterfront Communities neighbourhood is a 72-storey high-rise apartment condominium completed in 2004. The building comprises a significant residential community with monthly condo fees averaging around $797, or approximately $1.23 per square foot, covering heat, water and building insurance. Recent leased units have rented at an average of roughly $2,900 monthly. Located within walking distance of over 70 parks, 76 restaurants, 55 cafes and multiple transit options including the Yonge Street Water Taxi station, the building offers excellent urban connectivity. Prospective buyers should obtain and have a professional review the status certificate, reserve fund study, financial statements, board minutes and by-laws to understand the building's financial health and governance.