3808-16 Yonge Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13464996
About this home
Luxury Sub-Penthouse Living at 16 Yonge Street - Toronto's Waterfront District. Experience an exceptional opportunity to lease this stunning 2-Bedroom + Den Sub-Penthouse in one of Toronto's most sought-after waterfront communities. Offering approximately 1,100 sq. ft. of elegant living space, this bright and spacious residence combines luxury, convenience, and breathtaking views. Enjoy floor-to-ceiling windows, soaring 9-foot ceilings, a private balcony, parking, and a storage locker. Take in spectacular unobstructed west-facing views of the CN Tower, Lake Ontario, and Toronto's dazzling skyline. Natural light floods the open-concept living area, creating a warm and inviting atmosphere ideal for professionals, executives, or roommates seeking an upscale downtown lifestyle. The spacious primary suite features a spa-inspired ensuite complete with a luxurious Jacuzzi tub, providing the perfect retreat after a busy day. Located in the heart of Toronto's vibrant waterfront, you're just steps from Union Station, the PATH network, Scotiabank Arena, Rogers Centre, Harbourfront Centre, Sugar Beach, the Ferry Terminal to the Toronto Islands, and Toronto's Financial District. Enjoy immediate access to world-class dining, cafés, waterfront trails, parks, entertainment venues, grocery stores, and premium fitness facilities. Commuting is effortless with TTC, GO Transit, VIA Rail, and direct access to the Gardiner Expressway and Lakeshore Boulevard. Walk to major employers, Bay Street offices, and some of Toronto's best restaurants, theatres, and cultural attractions. This is a rare opportunity to enjoy luxury waterfront living with every urban convenience at your doorstep. Don't miss your chance to call this remarkable residence home.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13464996
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Bay/ Lakeshore/Yonge
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Exposure
- South West
- Days on market
- 34
- Listing brokerage
- RE/MAX REALTRON MARIUS MITROFAN GROUP
Rooms
laminate · combined w/library · combined w/office
laminate · overlook water · large window
laminate · closet · large window
laminate · open concept · walk-out
ceramic floor · stainless steel appl · granite counters
laminate · combined w/living · open concept
Listed at $3,800/mo, this rental is about 6% below comparable rentals, worth a close look. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C1 lately, landlords have been getting about 99% of asking and homes lease in about 16 days.
Based on 51 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 51 recently leased comparable homes — actual closing prices, not asks — 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, leased for $3,700/mo
- Adjusts to $3,700/mo
That comparable adjusts to $3,700/mo; the $4,050/mo estimate above is the median of all 51 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions 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.
Total price vs nearby homes. Fair value about $4,050/mo, median of 51 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- 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 homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Waterfront Communities C1, 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
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 $3,040 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16
- Property tax
- $2
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $19
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19
- Toronto municipal land transfer tax
- $19
- Estimated closing costs
- $38
Plus your down payment of $760. 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
- $973
- Principal paid down
- $387
- Interest paid
- $586
- Balance remaining
- $2,653
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 RE/MAX REALTRON MARIUS MITROFAN GROUP. MLS®/PropTx.