1006-20 Richardson Street, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13459848
About this home
The Daniels-built "Lighthouse East" - One of Toronto's premier downtown addresses. This thoughtfully designed and very efficient Junior 1BR suite with modern finishes maximizes every square foot while providing an abundance of natural light and contemporary urban style. Residents enjoy access to a very impressive collection of resort-style amenities including a fully equipped fitness center, yoga studio, theatre room, party and social lounges, BBQ terrace, tennis and basketball facilities, 24 hour concierge and more! In this rapidly developing neighborhood, you're steps from the St Lawrence Market, The Distillery District, The Financial District, Scotiabank Arena, The Waterfront Trail, Cherry Beach & Harbourfront attractions. Education and employment opportunities are unmatched at this prime location; George Brown's waterfront campus is right downstairs while the St James campus is also easily accessible. Many convenient transit connections to U of T, Toronto Metropolitan University & OCAD University make this a unique opportunity for students, educators & healthcare professionals. An absolutely ideal option for first-time buyers, investors, young professionals or those seeking a sophisticated pied-a-terre in one of Toronto's most desirable communities. **Interior Photos Virtually Staged, Unit Currently Vacant**
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13459848
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 0-499
- Cross streets
- Queens Quay & Lower Jarvis
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $385/mo
- Exposure
- East
- Property tax
- $2,081 / 2025
- Days on market
- 31
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Listed at $398,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $400K, 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, listed at $310K
- Bathrooms +$15K
- Adjusts to $325K
That comparable adjusts to $325K; the $433K estimate above is the median of all 11 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.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $433K, median of 11 comparables.
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 6% below the area average of $1,703/sqft.
30 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
Car-DependentA 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.
Almost all errands require a car.
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 18, 2026); conventional rates run a little higher.
Mortgage amount $318,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,699
- Property tax
- $173
- Condo / maintenance fees
- $385
- Heating
- $0
- Estimated monthly cost
- $2,258
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,445
- Toronto municipal land transfer tax
- $4,445
- Estimated closing costs
- $8,890
Plus your down payment of $79,600. 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
- $101,946
- Principal paid down
- $40,548
- Interest paid
- $61,398
- Balance remaining
- $277,852
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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.