PH01-1 Market Street, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13448008

$1,599,900
For Sale
Listed 38 days ago
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2Bedrooms
3Bathrooms
1Garage
1200-1399Sq Ft

About this home

Boasting nearly 2,000 sq. ft. of total living space-with 1,300 sq. ft. indoors and a 600 sq. ft. terrace that blends seamlessly with the main level-this two-storey loft penthouse offers a rare, flowing layout perfect for year-round entertaining and effortless indoor-outdoor living.Welcome to a residence that redefines luxury: a truly one-of-a-kind penthouse and the only suite in the building featuring three skylights, infusing both levels with uninterrupted natural light. With 10-foot ceilings and floor-to-ceiling windows, every room frames dramatic, unobstructed views of the city, lake, and CN Tower.Every detail has been meticulously customized-from the sculptural staircase to the bespoke window treatments and abundant integrated storage-creating a home that is equally refined and functional. The chef-inspired kitchen is outfitted with Wolf and Sub-Zero appliances, designed to elevate everyday living and exceptional hosting.Step onto the expansive terrace, fully equipped with a water line and gas BBQ connection, and experience a true entertainer's haven. From elegant dinner parties to Sunday brunch to quiet nights under the stars, the outdoor space becomes an extension of your lifestyle.Whether it's morning coffee beneath the skylights or evening cocktails against breathtaking city views, this residence transforms the ordinary into the extraordinary. With chic design, rare exclusivity, and unmatched vistas, this 2-bedroom, 3-bathroom penthouse is more than a home-it's a statement of elevated living high above the city.

Key facts

Property type
Condo Apartment, 2-Storey
MLS®
C13448008
Bedrooms
2
Bathrooms
3 (1 half)
Size
1200-1399
Cross streets
Jarvis and The Esplanade
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$1,102/mo
Exposure
West
Property tax
$6,691 / 2026
Days on market
38
Listing brokerage
CORCORAN HORIZON REALTY
Our TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

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.

Comparable listingsCurrently listed nearby in Waterfront Communities C8 · asking prices
$1.55Mavg asking

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

324-55 Merchants' Wharf Street$1.70M916-29 Queens Quay$1.40M815-39 Queens Quay$1.89M5811-55 Cooper Street$1.78M401-135 George Street$995k

The 5 closest of 8 active listings nearby.

See all comparable homes
1.60MThis home1.70M1.40M1.89M1.78M995kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C8 · median list $633K
$1,231this home / sqft
96active listings nearby
38days on market
99sold nearby · 90 days
$600Kmedian sold price
96%of asking, on average

This home lists 16% above the area average of $1,061/sqft.

37 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Waterfront Communities C8, 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.

Moss Park
$1.02M
Waterfront Communities C1
$622K
Church-Yonge Corridor
$561K
Annex
$798K
Niagara
$615K

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 Market Lane Junior and Senior Public School
74%
Market Lane Junior and Senior Public SchoolPublic · Elementary · 0.6 km awayAround the GTA average · 74% meet the provincial standard
Downtown Alternative SchoolEQAO results not published

Affordability & Mortgage

Affordability
$7,292/mo
$319KIncome needed
5.0×Price ÷ income
$1,683Weekly 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.

81%mortgage
Mortgage $7,292Property tax $558Condo fee $1,102Total carry $8,952

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%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,830per month

Mortgage amount $1,279,920 · 4.14% over 25 years

$319,980Down payment (20.0%)
$1,279,920Loan before insurance
$0CMHC premium
$8,490Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,830
Property tax
$558
Condo / maintenance fees
$1,102
Heating
$0
Estimated monthly cost
$8,490

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

One-time closing costs

Ontario land transfer tax
$28,473
Toronto municipal land transfer tax
$28,473
Estimated closing costs
$56,946

Plus your down payment of $319,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$8,296/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

$769,118Total interest paid
$2,049,038Total of all payments
Principal $1,279,920 Interest $769,118
YearPrincipalInterestBalance
1$29,984$51,977$1,249,936
2$31,238$50,723$1,218,698
3$32,545$49,417$1,186,153
4$33,906$48,055$1,152,246
5$35,325$46,637$1,116,922
6$36,802$45,159$1,080,120
7$38,341$43,620$1,041,778
8$39,945$42,016$1,001,833
9$41,616$40,345$960,217
10$43,357$38,605$916,860
11$45,170$36,791$871,690
12$47,060$34,902$824,630
13$49,028$32,933$775,602
14$51,079$30,883$724,523
15$53,216$28,746$671,307
16$55,441$26,520$615,866
17$57,760$24,201$558,106
18$60,177$21,785$497,929
19$62,694$19,268$435,235
20$65,316$16,646$369,919
21$68,048$13,913$301,871
22$70,894$11,067$230,977
23$73,860$8,102$157,117
24$76,949$5,012$80,168
25$80,168$1,794$0

At the end of your 5-year term

Total paid over the term
$409,808
Principal paid down
$162,998
Interest paid
$246,810
Balance remaining
$1,116,922

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$4,100/mo
$49,200Gross annual rent
1.5%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.

3.1%
Gross yield
− Property tax $6,691− Condo fees $13,228− Insurance $600− Vacancy & upkeep $5,412Net operating income $23,269

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CORCORAN HORIZON REALTY. MLS®/PropTx.

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