Property Description

Located at 123 Portland Street in Toronto’s vibrant King West neighbourhood, 123 Portland Condos is a completed boutique condominium residence that originally launched as a preconstruction project and is now fully sold out. Today, buyers interested in this distinctive downtown address can explore resale condo opportunities within the building and the surrounding King West area.

Completed in 2022, 123 Portland is a 15-storey boutique development featuring just 114 thoughtfully designed suites ranging from approximately 483 to 1,789 square feet. The building blends timeless architectural inspiration with contemporary urban design, creating a refined residence that stands out along Portland Street.

Inspired by classical Parisian building traditions while reflecting Toronto’s modern city aesthetic, the exterior showcases elegant Juliette balconies, clean contemporary lines, and warm materials that give the building a distinctive character within the King West streetscape.

With its prime downtown location, residents enjoy easy access to restaurants, nightlife, employment hubs, shopping, and public transit, making resale condos at 123 Portland highly desirable for both end-users and investors.

Downtown Toronto resale condos

Luxury Suites & Boutique Building Amenities

Suites at 123 Portland were designed to deliver a sophisticated living experience with high-quality materials and thoughtful layouts. Interiors feature hardwood flooring throughout the main living spaces, elegant millwork, and crown moulding details that extend from the lobby into the private residences.

Modern kitchens include stone countertops, stylish tile backsplashes, extended cabinetry, and integrated premium appliances from Miele. Smart design elements such as built-in waste and recycling systems add convenience to everyday living.

Primary bedrooms are designed to feel spacious and bright, often featuring large windows that allow natural light to flow through the suites. Bathrooms include spa-inspired finishes such as stone countertops, glass showers, elegant lighting fixtures, and deep soaking tubs that provide a relaxing retreat from city life.

Despite its boutique scale, the building offers a curated selection of lifestyle amenities designed to support both relaxation and social interaction. Residents enjoy a rooftop terrace with panoramic city views, a modern fitness centre, lounge areas, and a stylish kitchen bar and dining space ideal for hosting private gatherings.

These amenities combine functionality with thoughtful design, creating shared spaces that encourage a strong sense of community within the building.

Resale condos near 123 Portland

Prime King West Location in Downtown Toronto

123 Portland Condos sits in the heart of Toronto’s highly sought-after King West neighbourhood, one of the city’s most dynamic areas for urban living. The community is known for its lively atmosphere, upscale dining, nightlife, and close proximity to major employment centres.

Residents are just minutes from Toronto’s Financial District, home to major employers and office towers, making the area especially appealing for professionals working downtown. The nearby Entertainment District offers theatres, sports venues, restaurants, and nightlife, while Queen West provides boutique shopping, art galleries, and trendy cafés.

Public transit is easily accessible throughout the neighbourhood, with streetcar routes along King Street connecting residents across downtown Toronto. Many daily errands, restaurants, and services are within walking distance, making King West one of the most walkable communities in the city.

For buyers who missed the original launch, resale condos at 123 Portland provide a rare opportunity to own a suite in a completed boutique building within one of Toronto’s most desirable downtown neighbourhoods.

Register Now to get access to these Exclusive 123 Portland Condos, VIP Prices and Floor Plans. Please click here and fill out the form and we will update you as soon as possible.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out the “My Dream Home search in GTA” form and we will get back to you with relevant information.

In Your Best Interest – Start Smart with RE/MAX Team Paliwal

Before you step into any new home or condo sales centre, make sure you’re accompanied by a REALTOR® from RE/MAX Team Paliwal—especially on your first visit.

As builder-preferred agents, we’re paid directly by the builder, but we work exclusively for you—at absolutely no cost to you.

Why is this important?

Builder sales staff represent the builder, not you. That means important terms, hidden conditions, or missed incentives could slip through—costing you time and money.

With us by your side, you gain:

• Expert guidance throughout the selection and purchase process
• Negotiation power to secure the best price and terms
• Early VIP access to pricing, floor plans, and builder incentives
• Referrals to trusted professionals—top lawyers, lenders & banks

We’re independent REALTORS® with RE/MAX Realty Specialists Inc., Brokerage—your advisors, advocates, and partners in the journey.

Note: This service is offered to buyers not currently under contract with another REALTOR®.

FAQs

How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal is a “Platinum Agent”?

Platinum agents are the top-selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

1. You get the highest level of access in the building or in the new home project.
2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
3. The best possible incentives and terms.
4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agent and investor since 2007.
5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
6. Our services to you as a buyer are free

Do I get a cooling-off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling-off period BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Free Hold homes. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however, we always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling-off period when you buy a Condo unit.

Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us for more details.

Do the prices include HST?

 If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is no HST you will have to pay at final closing.

If you are purchasing as an investment, rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 months to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house that you are buying.

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

Is it possible to assign my condo or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

 

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