2711-16 Yonge Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13537804
About this home
Welcome to Suite 2711 at 16 Yonge Street - a spacious and highly sought-after southwest corner residence in the prestigious Pinnacle Centre community in the heart of downtown Toronto. This desirable Suite 11 layout offers an exceptional blend of functionality and comfort with over 1,000 sq.ft. of thoughtfully designed living space, including a generous 2-bedroom plus den floor plan perfectly suited for comfortable everyday living, with the flexibility to accommodate professionals working from home.The suite is filled with natural light through expansive floor-to-ceiling windows and features 9-foot ceilings that enhance the open, airy feel throughout. The well-proportioned living and dining area offers excellent entertaining space, while the separate den provides flexibility for a dedicated home office or additional lounge area. Thoughtful storage solutions can be found throughout, with built-in closet organizers in all closets, while the spacious primary bedroom is further enhanced by a walk-in closet featuring a custom built-in organizer. Enjoy southwest-facing views overlooking the city skyline with partial waterfront exposure and stunning sightlines toward Scotiabank Arena.A rare offering in the downtown core, this suite also includes two parking spaces and two oversized locker units - an increasingly hard-to-find combination that adds tremendous long-term value and convenience.Residents of Pinnacle Centre enjoy access to extensive amenities including a large fitness centre, indoor pool, basketball/squash courts, sauna, party room, theatre room, guest suites, 24-hour concierge, and more. Positioned steps from Union Station, the PATH network, Toronto's waterfront, Financial District, Scotiabank Arena, Rogers Centre, restaurants, shopping, and everyday conveniences, this is an ideal opportunity to establish a home in one of downtown Toronto's most connected and vibrant neighbourhoods.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13537804
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Yonge St & Harbour St
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,054/mo
- Exposure
- South West
- Property tax
- $4,736 / 2025
- Days on market
- 14
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
Closet Organizers
Combined w/Dining
4 pc ensuite · walk-in closet(s) · closet organizers
Combined w/Living
Listed at $1,038,000, this home is about 20% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($944/sqft) is in line with the area, so you are paying for extra space rather than a premium.
In Waterfront Communities C1 lately, sellers have been getting about 97% of asking and homes sell in about 34 days.
Based on 64 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 64 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $868K, a close match.
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, sold for $1.25M
- Bedrooms +$22K
- Adjusts to $1.27M
That comparable adjusts to $1.27M; the $868K estimate above is the median of all 64 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes 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 $868K, median of 64 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
- Primary suite: a key comfort and resale feature. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 3% below the area average of $977/sqft.
13 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
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 22, 2026); conventional rates run a little higher.
Mortgage amount $830,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,431
- Property tax
- $395
- Condo / maintenance fees
- $1,054
- Heating
- $0
- Estimated monthly cost
- $5,880
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,235
- Toronto municipal land transfer tax
- $17,235
- Estimated closing costs
- $34,470
Plus your down payment of $207,600. 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
- $265,879
- Principal paid down
- $105,752
- Interest paid
- $160,128
- Balance remaining
- $724,648
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 SAGE REAL ESTATE LIMITED. MLS®/PropTx.