4501-16 Harbour Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13541248
About this home
Experience luxury living at its finest in this rare residence at Pinnacle's Success Tower, 16 Harbour Street. Sitting high on the45th floor, this 1,305 sq. ft. suite combines modern design, premium comfort, and stunning panoramic views of Lake Ontario and the Toronto skyline.The bright, open-concept layout features floor-to-ceiling windows, two balconies with new plank flooring, and an oversized kitchen that flows seamlessly into spacious living and dining areas-perfect for entertaining or everyday living. Generous principal rooms offer comfort,flexibility, and style, all enhanced by natural light and breathtaking views from every corner.Residents of the Pinnacle Centre enjoy resort-style amenities including a fully equipped fitness centre, indoor pool, hot tub, sauna, billiards and party rooms, business centre, guest suites, and 24-hour concierge.Prime waterfront location-just steps to Union Station, the PATH, Scotiabank Arena, the Financial District, HarbourfrontCentre, fine dining, shopping, and the lake. The Seller is willing to considering a VTB 1st mortgage at terms to be negotiated.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13541248
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Bay and Front
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,298/mo
- Exposure
- West
- Property tax
- $5,972 / 2025
- Days on market
- 14
- Listing brokerage
- BOSLEY REAL ESTATE LTD.
Rooms
hardwood floor · combined w/kitchen · open concept
walk-in closet(s) · hardwood floor · 5 pc ensuite
combined w/dining · electric fireplace · w/o to balcony
quartz counter · closet organizers · large closet
double closet · hardwood floor
closet · hardwood floor · picture window
granite counters · galley kitchen · combined w/living
Listed at $1,298,000, this home is about 1% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Below comparable homes on total price, yet the price per square foot ($999/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
In Waterfront Communities C1 lately, sellers have been getting about 96% of asking and homes sell in about 35 days.
Based on 3 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 3 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.37M, 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 $1.30M
- Bedrooms −$21K
- Adjusts to $1.28M
That comparable adjusts to $1.28M; the $1.31M estimate above is the median of all 3 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 $1.31M, median of 3 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 5 closest active listings nearby.
See all comparable homesThis home lists 1% above the area average of $988/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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,038,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,541
- Property tax
- $498
- Condo / maintenance fees
- $1,298
- Heating
- $0
- Estimated monthly cost
- $7,337
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,435
- Toronto municipal land transfer tax
- $22,435
- Estimated closing costs
- $44,870
Plus your down payment of $259,600. 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
- $332,477
- Principal paid down
- $132,240
- Interest paid
- $200,237
- Balance remaining
- $906,160
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 BOSLEY REAL ESTATE LTD.. MLS®/PropTx.