404-1 The Esplanade, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13135806
About this home
Welcome To 1 The Esplanade Suite 404, one of the largest units at the coveted Backstage condos! This spacious and well-designed suite offers almost 1000sqft of elegant living space, featuring 2 + 1 bedrooms and 2 full bathrooms - ideal for professionals, families, or those seeking a vibrant downtown lifestyle in the best location of the city. This model suite includes updated finishes and features custom blinds, kitchen island, undermount lighting, mirrored closet doors, upscale lighting, large primary bedroom with walk-in closet, and a separate dining area! Exceptional building amenities include guest suites, party room, bar and lounge, theatre room, outdoor pool & jacuzzi, and outdoor BBQ areas-offering a resort-style experience in one of downtown Toronto's most connected and desirable buildings. Located in the heart of St. Lawrence neighbourhood, this home places you steps from some of Toronto's most iconic destinations, including the famous St. Lawrence market, Hockey Hall of Fame, Toronto Islands, Skydome/Rogers Centre, the Round House, Ripley's, and Distillery District! Who needs to drive when you are steps to Union Station, Berczy Park, and the PATH system. Residents enjoy easy access to the Financial District, CF Toronto Eaton Centre, Scotiabank Arena, and the waterfront along Harbourfront. Commuters will appreciate immediate access to the TTC Subway Line 1, GO Transit via Union Station, and convenient connections to the Gardiner Expressway and Don Valley Parkway.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13135806
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- Yonge/ The Esplanade
- Parking
- 0 parking
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,303/mo
- Exposure
- North
- Property tax
- $4,788 / 2025
- Days on market
- 68
- Listing brokerage
- UNION CAPITAL REALTY
Listed at $725,000, this home is about 4% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($764/sqft) is below the area, so you are paying for extra space rather than a premium.
In Waterfront Communities C8 lately, sellers have been getting about 96% of asking and homes sell in about 35 days.
Based on 7 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 7 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $756K, a close match.
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, sold for $625K
- Size difference +$42K
- Bedrooms +$8K
- Adjusts to $675K
That comparable adjusts to $675K; the $695K estimate above is the median of all 7 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Market Lane Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Yonge Street is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $695K, median of 7 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 21% below the area average of $969/sqft.
67 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.
Getting around
Walker's ParadiseA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Yonge Street, about 29 m away
Within a 15-minute (1.5 km) walk.
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
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 $580,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,095
- Property tax
- $399
- Condo / maintenance fees
- $1,303
- Heating
- $0
- Estimated monthly cost
- $4,797
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,975
- Toronto municipal land transfer tax
- $10,975
- Estimated closing costs
- $21,950
Plus your down payment of $145,000. 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
- $185,706
- Principal paid down
- $73,863
- Interest paid
- $111,843
- Balance remaining
- $506,137
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 UNION CAPITAL REALTY. MLS®/PropTx.