318-637 Lake Shore Boulevard, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13544734
About this home
Live in style at the iconic Tip Top Lofts with this impeccably renovated waterfront loft offering approximately 942 sq. ft. of refined living space. Fully renovated in 2021 with over $200k in upgrades, the residence features a bright, open-concept layout designed for both sophisticated living and effortless entertaining. Soaring 13.5-foot ceilings, expansive windows, and rich maple hardwood floors create an impressive presence while flooding the entire space with natural light. The thoughtfully designed kitchen is a striking blend of form and function, showcasing honed Calacatta Gold Macchia marble treated with a durable TuffSkin coating, an oversized integrated marble sink, waterfall-edge countertops, Miele appliances and custom cabinetry-combining bold design with everyday practicality. The spacious spa-inspired bathroom offers a serene retreat, complete with Italian porcelain finishes, a floating Caesarstone double vanity, integrated medicine cabinet, and custom mood lighting. Exceptional storage solutions include custom entryway closets, extensive kitchen storage, and additional overhead storage accessed via a ladder-adding a true, funky loft feel to this highly functional layout. The residence includes one generous storage locker and one prime parking space. Seller is willing to include any/all of the designer furnishings upon request. Residents enjoy outstanding building amenities, including a fully equipped fitness centre, party room, concierge service, and a spectacular rooftop deck. This is elevated urban loft living at its finest-where architectural character meets modern luxury on the waterfront.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13544734
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 900-999
- Cross streets
- Bathurst / Lakeshore
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $789/mo
- Exposure
- North
- Property tax
- $3,974 / 2025
- Days on market
- 13
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
hardwood floor · open concept
hardwood floor · open concept
renovated · marble counter · stainless steel appl
5 pc bath · renovated · double sink
hardwood floor · open concept
Listed at $999,000, this home is about 29% 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 ($1,052/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 96% of asking and homes sell in about 40 days.
There were not many closely comparable homes right in Waterfront Communities C1, so I widened the search to the surrounding area.
Based on 84 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 84 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $736K, 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 $673K
- Bedrooms −$30K
- Bathrooms −$30K
- Adjusts to $613K
That comparable adjusts to $613K; the $774K estimate above is the median of all 84 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.
Its public catchment (The Waterfront School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $774K, median of 84 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. 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 3% below the area average of $1,088/sqft.
12 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 $799,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,265
- Property tax
- $331
- Condo / maintenance fees
- $789
- Heating
- $0
- Estimated monthly cost
- $5,385
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,455
- Toronto municipal land transfer tax
- $16,455
- Estimated closing costs
- $32,910
Plus your down payment of $199,800. 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
- $255,890
- Principal paid down
- $101,778
- Interest paid
- $154,111
- Balance remaining
- $697,422
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.