2232-33 HARBOUR Square, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C12915378

$1,095,000
For Sale
Listed 118 days ago
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2Bedrooms
2Bathrooms
1Garage
1400-1599Sq Ft

About this home

Light filled spacious two bedroom , 2 bathroom, parking + locker with city + lake views, recently renovated and move in ready condition. Approximately 1453 sq ft split level with bedrooms upstairs. Building has gym, weights, bike storage, salt water indoor pool, sauna + terrace Guest suites, plenty of visitor prk., free shuttle bus service for residents, library++. Easy walking distance to financial core, entertainment district, trails, grocery shopping, restaurants also catchment for Island /Natural School JK-6 grades. Hydro, High Speed Internet and Cable included in maintenance fees.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C12915378
Bedrooms
2
Bathrooms
2
Size
1400-1599
Cross streets
BAY/QUEENS QUAY W
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Wall Unit(s)
Exterior
Concrete
Maintenance
$1,467/mo
Exposure
South East
Property tax
$5,030 / 2025
Days on market
118
Listing brokerage
RE/MAX CONDOS PLUS CORPORATION

Rooms

Living RoomMain6.69 × 6.76 m

combined w/den · laminate · overlook water

Dining RoomMain6.69 × 6.76 m

combined w/living · laminate

Primary BedroomMain5.53 × 3.32 m

4 pc ensuite · walk-in closet(s) · broadloom

Bedroom 2Main6.56 × 3.31 m

broadloom · closet

KitchenMain4.41 × 3.44 m

modern kitchen · ceramic floor

Moe’s TakeTeam Asgarian · Broker
Below comparables
$1.43Mest. value

Listed at $1,095,000, this home is about 23% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.

Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.01M, lower than the comparables and worth a second look.

How I got there

Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.

  • Closest comparable, listed at $1.25M
  • Size difference +$192K
  • Bedrooms −$30K
  • Adjusts to $1.41M

That comparable adjusts to $1.41M; the $1.43M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.

The assigned public school is Island Public/Natural Science School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

List price
$1.09MGreat deal$1.46MOverpriced

Total price vs nearby homes. Fair value about $1.43M, median of 8 comparables.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Value driver
  • Weigh carefully
Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$1.18Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

4905-65 Bremner Boulevard$1.25M325-30 Nelson Street$1.05M309-35 Mariner Terrace$1.25M

The 3 closest active listings nearby.

See all comparable homes
1.09MThis home1.25M1.05M1.25MThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $1.23M
$730this home / sqft
8active listings nearby
118days on market

This home lists 27% below the area average of $1,001/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Waterfront Communities C1, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Waterfront Communities C8
$560K
Moss Park
$729K
Church-Yonge Corridor
$956K
Niagara
$690K
Bay Street Corridor
$568K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Island Public/Natural Science School
78%
Island Public/Natural Science SchoolPublic · Elementary · 2.8 km awayAbove the GTA average · 78% meet the provincial standard

Affordability & Mortgage

Affordability
$4,991/mo
$234KIncome needed
4.7×Price ÷ income
$1,152Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

73%mortgage
Mortgage $4,991Property tax $419Condo fee $1,467Total carry $6,877

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,675per month

Mortgage amount $876,000 · 4.14% over 25 years

$219,000Down payment (20.0%)
$876,000Loan before insurance
$0CMHC premium
$6,561Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,675
Property tax
$419
Condo / maintenance fees
$1,467
Heating
$0
Estimated monthly cost
$6,561

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$18,375
Toronto municipal land transfer tax
$18,375
Estimated closing costs
$36,750

Plus your down payment of $219,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$5,678/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$526,398Total interest paid
$1,402,398Total of all payments
Principal $876,000 Interest $526,398
YearPrincipalInterestBalance
1$20,522$35,574$855,478
2$21,380$34,716$834,098
3$22,274$33,822$811,824
4$23,206$32,890$788,618
5$24,177$31,919$764,441
6$25,188$30,908$739,253
7$26,242$29,854$713,012
8$27,339$28,757$685,672
9$28,483$27,613$657,190
10$29,674$26,422$627,515
11$30,915$25,181$596,600
12$32,209$23,887$564,392
13$33,556$22,540$530,836
14$34,959$21,137$495,876
15$36,422$19,674$459,455
16$37,945$18,151$421,510
17$39,532$16,564$381,977
18$41,186$14,910$340,791
19$42,909$13,187$297,883
20$44,703$11,393$253,179
21$46,573$9,523$206,606
22$48,521$7,575$158,085
23$50,551$5,545$107,534
24$52,665$3,430$54,868
25$54,868$1,228$0

At the end of your 5-year term

Total paid over the term
$280,480
Principal paid down
$111,559
Interest paid
$168,921
Balance remaining
$764,441

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$4,750/mo
$57,000Gross annual rent
2.5%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

5.2%
Gross yield
− Property tax $5,030− Condo fees $17,607− Insurance $600− Vacancy & upkeep $6,270Net operating income $27,493

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX CONDOS PLUS CORPORATION. MLS®/PropTx.

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