606-155 Merchants' Wharf, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C12922156
About this home
This New Luxury Suite, Boasts over 1800 Sq.Ft. of Living Enjoyment, with Soaring 10 Foot Smooth Ceilings, Water Views, Rich-Wide Plank Wood Floors, Luxury Miele Appliances, a Split-Bedroom Plan for Privacy, with 2 Bedrooms and Ensuites, and an additional Powder-Room for Guests. Built by Tridel's Luxury Division, Suite 606, resides in Aqualuna Condominiums on the Waterfront. This Boutique Living Residence, Right on Lake Ontario, Provides Full Amenities, including: An Outdoor Pool, A Rooftop Terrace with BBQ's/Dining, An Expansive Gym with Yoga, Weights, Cardio and Stretching Rooms, Including Steamrooms & Showers, a Large Party Room, An Entertainment Room, 24 Hr. Executive Concierge. Suite 606 also Boasts a 4 Person Kitchen Island for Entertaining, a Large Open Concept Living/Dining Room with multiple layout options (22'x25'), an Entertainer's Terrace with 300 Sq.Ft. and a Private Gas BBQ Hookup. * Photos are virtually staged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12922156
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 1400-1599
- Cross streets
- Lakeshore & Parliament
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,042/mo
- Exposure
- East
- Days on market
- 119
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
overlook water · 3 pc ensuite · w/o to terrace
w/o to terrace · overlook water · hardwood floor
hardwood floor · b/i closet · 2 pc bath
stone floor · b/i shelves
w/o to terrace · overlook water · stone floor
hardwood floor · open concept · overlook water
overlook water · walk-in closet(s) · 5 pc ensuite
b/i appliances · overlook water · breakfast bar
Listed at $1,888,000, this home is about 6% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C8 lately, sellers have been getting about 96% of asking and homes sell in about 32 days.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $998K
- Bathrooms +$25K
- Adjusts to $1.02M
That comparable adjusts to $1.02M; the $1.77M estimate above is the median of all 5 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 Queen Alexandra Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.77M, median of 5 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 24% above the area average of $1,014/sqft.
118 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C8, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
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.
Affordability & Mortgage
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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $1,510,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,060
- Property tax
- $1,180
- Condo / maintenance fees
- $1,042
- Heating
- $0
- Estimated monthly cost
- $10,282
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,235
- Toronto municipal land transfer tax
- $34,235
- Estimated closing costs
- $68,470
Plus your down payment of $377,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $483,603
- Principal paid down
- $192,350
- Interest paid
- $291,254
- Balance remaining
- $1,318,050
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.