4304-16 Bonnycastle Street, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13528024
About this home
Perched high above the city on the 43rd floor, this expansive and impeccably updated 3-bedroom residence at 16 Bonnycastle offers a rare blend of luxury, space, and breathtaking panoramic views. Floor-to-ceiling windows wrap the suite in natural light, showcasing unobstructed vistas of the lake and skyline from nearly every room. Designed for both comfort and sophistication, the open-concept layout features modern upgrades throughout, with elegant finishes and generous principal rooms ideal for entertaining or everyday living. The seamless indoor-outdoor flow extends to two private terraces, perfect for morning coffee, sunset dining, or simply taking in the serene waterfront scenery. The spacious primary suite offers a tranquil retreat, complemented by well-appointed secondary bedrooms that provide flexibility for family, guests, or a dedicated home office. Every detail has been thoughtfully curated to elevate the living experience. Located in a prestigious, amenity-rich building, residents enjoy access to world-class facilities including a state-of-the-art fitness centre, outdoor pool, concierge service, party room, and more. Just steps from the waterfront, parks, trails, and vibrant downtown conveniences, this address combines the best of urban living with the calm of lakeside luxury. A truly exceptional offering in one of the city's most sought-after waterfront communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13528024
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2
- Size
- 1600-1799
- Cross streets
- Queens Quay & Lower Sherbourne
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,337/mo
- Exposure
- South East
- Property tax
- $12,842 / 2025
- Days on market
- 16
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · double closet · w/o to balcony
hardwood floor · double closet · window floor to ceiling
hardwood floor · se view · w/o to terrace
5 pc ensuite · walk-in closet(s) · w/o to balcony
hardwood floor · open concept · east view
hardwood floor · centre island · open concept
hardwood floor · w/o to balcony · south view
Listed at $2,098,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C8 lately, sellers have been getting about 98% of asking and homes sell in about 36 days.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.74M, 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 $2.20M
- Bathrooms −$28K
- Adjusts to $2.17M
That comparable adjusts to $2.17M; the $2.07M estimate above is the median of all 5 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.
Total price vs nearby homes. Fair value about $2.07M, median of 5 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- 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 3 closest active listings nearby.
See all comparable homesThis home lists 8% below the area average of $1,335/sqft.
15 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.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,678,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,957
- Property tax
- $1,070
- Condo / maintenance fees
- $1,337
- Heating
- $0
- Estimated monthly cost
- $11,364
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $38,925
- Toronto municipal land transfer tax
- $38,925
- Estimated closing costs
- $77,850
Plus your down payment of $419,600. 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
- $537,394
- Principal paid down
- $213,745
- Interest paid
- $323,649
- Balance remaining
- $1,464,655
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.