324-55 Merchants' Wharf Street, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13528348
About this home
Welcome to Aqualuna at Bayside Toronto by Tridel, a landmark of refined waterfront living in the heart of Toronto's vibrant East Bayfront.Rarely available low-floor unit offers breathtaking, unobstructed lake views and features two private balconies, creating the perfect setting to enjoy stunning sunrises and serene waterfront evenings.Spanning approximately 1,372 sq. ft., this bright and spacious suite showcases a thoughtfully designed open-concept layout ideal for modern living and entertaining. The unit features 2 generous bedrooms plus a versatile den (perfect for a home office or guest space), along with 3 bathrooms for ultimate comfort and convenience. Floor-to-ceiling windows flood the home with natural light, enhancing the contemporary finishes and seamless flow throughout the living and dining areas. One underground parking space is included.Enjoy an unparalleled lifestyle just steps from the waterfront and within walking distance to Sugar Beach, scenic parks, and everyday conveniences. Prime location near George Brown College, Loblaws, LCBO, the Jack Layton Ferry Terminal, St. Lawrence Market, and the historic Distillery District-offering world-class dining, shopping, and entertainment at your doorstep.Residents enjoy state-of-the-art amenities including a party room, media room, rooftop pool and hot tub overlooking the lake, BBQ areas, fully equipped fitness centre, library, and 24-hour concierge service. Experience sophisticated urban waterfront living at its finest in one of Toronto's most prestigious new communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13528348
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 1200-1399
- Cross streets
- Merchants' Wharf & Queen's Quay E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,203/mo
- Exposure
- South West
- Property tax
- $8,619 / 2025
- Days on market
- 16
- Listing brokerage
- HOMELIFE GOLCONDA REALTY INC.
Rooms
laminate · combined w/dining · w/o to balcony
laminate · ensuite bath · large window
laminate · ensuite bath · walk-in closet(s)
Laminate
laminate · combined w/living · w/o to balcony
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.
Ask Moe if this price is fairThe 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.
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 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 35% above the area average of $969/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 $1,358,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,249
- Property tax
- $718
- Condo / maintenance fees
- $1,203
- Heating
- $0
- Estimated monthly cost
- $9,170
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,435
- Toronto municipal land transfer tax
- $30,435
- Estimated closing costs
- $60,870
Plus your down payment of $339,600. 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
- $434,936
- Principal paid down
- $172,993
- Interest paid
- $261,943
- Balance remaining
- $1,185,407
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 HOMELIFE GOLCONDA REALTY INC.. MLS®/PropTx.