1222-155 Merchants' Wharf, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13243134
About this home
Welcome to the newest & most luxurious condo Building on the Toronto waterfront.Aqualuna is located in East Bayside on Queens Quay East at Parliament. This 2439 sq.ft. unit offers 2 good size bedrooms with an open & expansive living Dining & Kitchen with an abundance of Natural light throughout the day. The unit comes with a large Terrace accessed from the Living room as well as a walkout from the Principal bedroom. There is a balcony accessed from the dining room area ,this gives loads of light,fresh air and the view of the Lake. The South west exposure provides a quiet calming atmosphere away from the noisy streets of the City. The Principal Bedroom has his & hers walk in closets ,and his & her ensuite bathrooms with individual shower stalls & one Soaker tub. There is a walkout to the terrace from the Principal Bedroom. The oversized Terrace has a gas outlet for connecting a Gas BBQ and comes with an electrical outlet. The second bedroom has its own 3pc ensuite bathroom and a built in closet. The ensuite laundry is equipped with modern Stacked clothes washer & electric clothes Dryer with ample space to stock & store supplies. The Unit comes with Two Parking spots and one Locker. The appliances are upgraded models of the MIELE brand and the kitchen has a built in Wine fridge also. The building amenities include an inground lakeside outdoor pool, fitness & Yoga studios ,Sauna, party lounge, 24 hour Concierge, walk to Sugar beach,Martin Goodman Trail, the Waterfront Promenade ,shopping, Transit and minutes to highways.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13243134
- Bedrooms
- 2
- Bathrooms
- 4 (1 half)
- Size
- 2250-2499
- Cross streets
- Queens Quay East & Parliament
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete
- Exposure
- South West
- Days on market
- 43
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
combined w/living · b/i closet · window floor to ceiling
4 pc ensuite · 3 pc ensuite · w/o to terrace
combined w/dining · w/o to terrace · south view
3 pc ensuite · b/i closet · hardwood floor
centre island · b/i appliances · hardwood floor
Listed at $9,750/mo, this rental is tracking about 9% below a wider set of rentals, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 97 similar rentals nearby, adjusted for size, beds, and baths.Median of 97 comparable active listings, adjusted for size, beds, and baths.
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 $4,000/mo
- Size difference +$5,595/mo
- Bedrooms −$150/mo
- Bathrooms +$200/mo
- Adjusts to $9,645/mo
That comparable adjusts to $9,645/mo; the $10,708/mo estimate above is the median of all 97 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.
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.
On location, this is a very walkable address with everyday errands close by. Parliament St at Lake Shore Blvd East South Side 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 $10,708/mo, median of 97 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
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 1 closest active listing nearby.
See all comparable homesNot enough sq ft data to place this home on the area price curve.
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
Very WalkableA 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 Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Parliament St at Lake Shore Blvd East South Side, about 100 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 17, 2026); conventional rates run a little higher.
Mortgage amount $7,800 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $42
- Property tax
- $6
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $48
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $49
- Toronto municipal land transfer tax
- $49
- Estimated closing costs
- $98
Plus your down payment of $1,950. 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
- $2,497
- Principal paid down
- $993
- Interest paid
- $1,504
- Balance remaining
- $6,807
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FOREST HILL REAL ESTATE INC.. MLS®/PropTx.