#1201-15 Iceboat Terrace, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13516060

$480,000
For Sale
Listed 19 days ago
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◎ Directions
1Bedrooms
1Bathrooms
1Garage
0-499Sq Ft
15 schools20+ transit stops20+ parks20+ restaurantswithin 1.5 km

About this home

Luxury And Stylish Condo With One Bedroom Close By " Heart Of Downtown ", A Bright , Sun Filled Unit With Abundant Natural Light Throughout. Minutes Walk To Waterfront, Entertainment District, Financial District, Roger's Centre, Restaurants, CN Tower and Highways

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13516060
Bedrooms
1
Bathrooms
1
Size
0-499
Cross streets
Fort York/ Spadina
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$512/mo
Exposure
North
Property tax
$2,302 / 2026
Days on market
19
Listing brokerage
HOMELIFE/BAYVIEW REALTY INC.

Rooms

Primary BedroomFlat3.79 × 2.86 m

Closet

KitchenFlat3.27 × 2.80 m

Open Concept

Dining RoomFlat3.47 × 2.94 m

laminate · combined w/living

Living RoomFlat3.47 × 2.94 m

laminate · combined w/dining

Moe’s 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 Jean Lumb 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. Bremner Boulevard is about a 4-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$480kavg asking

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

1712-10 Queens Quay$485k2206-65 Bremner Boulevard$489k1603-30 Nelson Street$469k3702-88 Harbour Street$499k805-327 King Street$459k

The 5 closest of 8 active listings nearby.

See all comparable homes
480kThis home485k489k469k499k459kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $499K
$1,924this home / sqft
11active listings nearby
19days on market
100sold nearby · 90 days
$575Kmedian sold price
97%of asking, on average

This home lists 7% below the area average of $2,066/sqft.

18 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 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

99/ 100

Walker's ParadiseA 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 OpenStreetMap contributors.

Most daily errands can be done on foot.

🚉 Nearest transit: Bremner Boulevard, about 312 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.

Niagara
$701K
Bay Street Corridor
$471K
Waterfront Communities C8
$719K
Church-Yonge Corridor
$669K
Moss Park
$519K

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 Jean Lumb Public School
73%
Jean Lumb Public SchoolPublic · Elementary · 0.3 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$2,188/mo
$103KIncome needed
4.7×Price ÷ income
$505Weekly 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.

76%mortgage
Mortgage $2,188Property tax $192Condo fee $512Total carry $2,892

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 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,049per month

Mortgage amount $384,000 · 4.14% over 25 years

$96,000Down payment (20.0%)
$384,000Loan before insurance
$0CMHC premium
$2,753Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,049
Property tax
$192
Condo / maintenance fees
$512
Heating
$0
Estimated monthly cost
$2,753

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

One-time closing costs

Ontario land transfer tax
$6,075
Toronto municipal land transfer tax
$6,075
Estimated closing costs
$12,150

Plus your down payment of $96,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,489/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

$230,750Total interest paid
$614,750Total of all payments
Principal $384,000 Interest $230,750
YearPrincipalInterestBalance
1$8,996$15,594$375,004
2$9,372$15,218$365,632
3$9,764$14,826$355,868
4$10,173$14,417$345,696
5$10,598$13,992$335,098
6$11,041$13,549$324,056
7$11,503$13,087$312,553
8$11,984$12,606$300,569
9$12,486$12,104$288,083
10$13,008$11,582$275,075
11$13,552$11,038$261,523
12$14,119$10,471$247,405
13$14,709$9,881$232,695
14$15,325$9,265$217,370
15$15,966$8,624$201,405
16$16,633$7,957$184,771
17$17,329$7,261$167,442
18$18,054$6,536$149,388
19$18,809$5,781$130,579
20$19,596$4,994$110,983
21$20,416$4,174$90,567
22$21,270$3,320$69,297
23$22,159$2,431$47,138
24$23,086$1,504$24,052
25$24,052$538$0

At the end of your 5-year term

Total paid over the term
$122,950
Principal paid down
$48,902
Interest paid
$74,048
Balance remaining
$335,098

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$2,300/mo
$27,600Gross annual rent
3.2%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.

5.8%
Gross yield
− Property tax $2,302− Condo fees $6,144− Insurance $600− Vacancy & upkeep $3,036Net operating income $15,518

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

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