1603-88 Blue Jays Way, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13484874

$688,000
For Sale
Listed 23 days ago
2Bedrooms
1Bathrooms
1Garage
600-699Sq Ft

About this home

At the iconic Bisha Hotel & Residences, this beautifully designed 662 SF suite offers a rare convergence of world-class design and hotel-grade luxury, right in the heart of Toronto's Entertainment District. Step inside to a welcoming space that opens to a striking glass-enclosed den, an ideal home office or creative workspace. The hallway leads into an open-concept living space where exposed concrete ceilings, hardwood floors, and floor-to-ceiling windows create a modern, loft-inspired aesthetic. The sleek designer kitchen, crafted with interiors by Studio Munge and Kravitz Design Inc., features bold quartz countertops, a centre island, a custom marble backsplash, integrated stainless steel appliances, and generous prep space that flows naturally into the living and dining area, making it perfect for entertaining or casual dining. Beyond the living space, sliding doors lead to a private balcony overlooking the vibrant downtown skyline and the CN Tower. The thoughtfully separated bedroom provides a quiet retreat with ample storage, and convenient access to an updated 4 piece bath. Residents enjoy access to full-service amenities including a rooftop infinity pool, a state-of-the-art fitness centre, a billiards room, a party lounge, and 24-hour concierge service and more. Enjoy on-site fine dining option, including the acclaimed Akira Back and KOST, one of the city's most coveted rooftop destinations. Located steps from Rogers Centre, Scotiabank Arena, the underground PATH, and TIFF Bell Lightbox, this residence places the very best of downtown Toronto at your doorstep.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13484874
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
600-699
Cross streets
King St W & Blue Jays Way
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$739/mo
Exposure
South East
Property tax
$4,555 / 2026
Days on market
23
Listing brokerage
SAM MCDADI REAL ESTATE INC.

Rooms

BedroomFlat2.75 × 3.53 m

walk-in closet(s) · sliding doors · hardwood floor

OfficeFlat1.79 × 3.05 m

overlooks living · glass doors · hardwood floor

Living RoomFlat2.76 × 3.86 m

open concept · w/o to balcony · hardwood floor

KitchenFlat2.86 × 3.86 m

quartz counter · centre island · b/i appliances

Dining RoomFlat2.76 × 1.49 m

combined w/living · window floor to ceiling · hardwood floor

Moe’s TakeTeam Asgarian · Broker
Above comparables
$582Kest. value

Listed at $688,000, this home is about 18% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.

Based on 29 similar homes nearby, adjusted for size, beds, and baths.Median of 29 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $856K, higher than the comparables and worth a second look.

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 $699K
  • Adjusts to $699K

That comparable adjusts to $699K; the $582K estimate above is the median of all 29 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 Ogden Junior 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. King St West at Peter St West Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$520KGreat deal$688KOverpriced

Total price vs nearby homes. Fair value about $582K, median of 29 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.
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Open-concept layout: modern, sought-after flow.
  • Hardwood floors: quality hardwood is durable and broadly desirable.
  • Value driver
  • Weigh carefully
  • Lifestyle
Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$625kavg asking

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

3812-488 University Avenue$699k3805-318 Richmond Street$624k503-11 Brunel Court$619k1801-35 Mariner Terrace$595k2310-397 Front Street$590k

The 5 closest of 8 active listings nearby.

See all comparable homes
688kThis home699k624k619k595k590kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $597K
$1,059this home / sqft
65active listings nearby
23days on market

This home lists 14% above the area average of $932/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Waterfront Communities C1, 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.

Getting around

88/ 100

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: King St West at Peter St West Side, about 62 m away

20+ transit stops20+ grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Waterfront Communities C8
$998K
Church-Yonge Corridor
$574K
Annex
$1.39M
Mimico
$800K
Banbury-Don Mills
$500K

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 Ogden Junior Public School
69%
Ogden Junior Public SchoolPublic · Elementary · 0.5 km awayAround the GTA average · 69% meet the provincial standard

Affordability & Mortgage

Affordability
$3,136/mo
$149KIncome needed
4.6×Price ÷ income
$724Weekly 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.

74%mortgage
Mortgage $3,136Property tax $380Condo fee $739Total carry $4,254

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%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,937per month

Mortgage amount $550,400 · 4.14% over 25 years

$137,600Down payment (20.0%)
$550,400Loan before insurance
$0CMHC premium
$4,056Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,937
Property tax
$380
Condo / maintenance fees
$739
Heating
$0
Estimated monthly cost
$4,056

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

One-time closing costs

Ontario land transfer tax
$10,235
Toronto municipal land transfer tax
$10,235
Estimated closing costs
$20,470

Plus your down payment of $137,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,567/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

$330,742Total interest paid
$881,142Total of all payments
Principal $550,400 Interest $330,742
YearPrincipalInterestBalance
1$12,894$22,352$537,506
2$13,433$21,812$524,073
3$13,995$21,250$510,078
4$14,581$20,665$495,497
5$15,190$20,055$480,306
6$15,826$19,420$464,481
7$16,488$18,758$447,993
8$17,178$18,068$430,815
9$17,896$17,350$412,919
10$18,645$16,601$394,275
11$19,424$15,821$374,850
12$20,237$15,009$354,613
13$21,083$14,162$333,530
14$21,965$13,280$311,564
15$22,884$12,362$288,680
16$23,841$11,404$264,839
17$24,839$10,407$240,000
18$25,878$9,368$214,123
19$26,960$8,286$187,163
20$28,088$7,158$159,075
21$29,262$5,983$129,813
22$30,486$4,759$99,326
23$31,762$3,484$67,565
24$33,090$2,155$34,474
25$34,474$771$0

At the end of your 5-year term

Total paid over the term
$176,228
Principal paid down
$70,094
Interest paid
$106,135
Balance remaining
$480,306

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$2,050/mo
$24,600Gross annual rent
1.1%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.

3.6%
Gross yield
− Property tax $4,555− Condo fees $8,870− Insurance $600− Vacancy & upkeep $2,706Net operating income $7,869

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SAM MCDADI REAL ESTATE INC.. MLS®/PropTx.

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