923-525 Adelaide Street, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13545554

$648,800
For Sale
Listed 8 days ago
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2Bedrooms
2Bathrooms
1Garage
600-699Sq Ft

About this home

Suite 923 at Musee Condos offers a stylish entry point into one of King West's most sought after buildings. Smart design & functional layout this 1+den has 2 full bathrooms including ensuite, modern kitchen w/ quartz countertops & stylish backsplash. Bright & airy open living space complete with private balcony to enjoy morning coffee & sunshine with east facing views over the lush parkette. If guests come to visit the den can act as double duty as a bedroom with it's own closet and 2nd full bath across the hall. Set right at the corner of Bathurst and Adelaide in the heart of the action, this location puts you within easy walking distance of King West's best dining and nightlife, including Ruby Soho, Gusto 101, and Anejo, with the future Ontario Line stop at King and Bathurst set to bring rapid transit right to the doorstep. The Well, Stackt Market, and Waterworks Food Hall are all a short stroll away for shopping, market browsing, and weekend patio time, while Trinity Bellwoods Park offers a green escape for morning runs or lazy afternoons just minutes from home. The building itself delivers a full amenity package suited to this lifestyle, with 24 hour concierge, a party room, guest suites, a fitness centre, yoga room, a rooftop deck, hot tub and an outdoor pool. 1 parking space, and 1 storage locker. Need a second parking space....not a problem. There is currently one for sale in the building! Building is well established with LOW maintenance fees. Commuting is a breeze with easy access to QEW & transit at your doorstep. This is a rare chance to live right in the middle of everything King West has to offer, just steps from the neighbourhood's best food, transit, and green space.

Key facts

Property type
Condo Apartment, 1 Storey/Apt
MLS®
C13545554
Bedrooms
2 (1 + 1)
Bathrooms
2
Size
600-699
Cross streets
Corner of Adelaide & Bathurst
Parking
1 garage (underground)
Basement
None
Heating
Heat Pump
A/C
Central Air
Exterior
Concrete, Brick
Maintenance
$507/mo
Exposure
East
Property tax
$3,100 / 2026
Days on market
8
Listing brokerage
CHESTNUT PARK REAL ESTATE LIMITED

Rooms

Primary BedroomFlat3.52 × 2.87 m

double closet · west view · laminate

Living RoomFlat7.18 × 3.04 m

w/o to balcony · open concept · combined w/dining

KitchenFlat7.18 × 3.04 m

stainless steel appl · quartz counter · combined w/living

Dining RoomFlat7.18 × 3.04 m

open concept · laminate · combined w/kitchen

DenFlat2.38 × 2.36 m

separate room · laminate · double closet

Moe’s TakeTeam Asgarian · Broker
In the wider range
$634Kest. value

Listed at $648,800, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 97 similar homes nearby, adjusted for size, beds, and baths.Median of 97 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $584K, 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, listed at $699K
  • Bathrooms +$15K
  • Adjusts to $714K

That comparable adjusts to $714K; the $634K estimate above is the median of all 97 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 City School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a very walkable address with everyday errands close by. King St West at Bathurst St is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$566KGreat deal$707KOverpriced

Total price vs nearby homes. Fair value about $634K, median of 97 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
Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$745kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

2907-15 Mercer Street$628k303-123 Portland Street$695k3004-290 ADELAIDE Street$730kPH806-66 Portland Street$925k

The 4 closest active listings nearby.

See all comparable homes
649kThis home628k695k730k925kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $610K
$999this home / sqft
99active listings nearby
8days on market

This home lists 5% below the area average of $1,047/sqft.

7 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Waterfront Communities C1, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

87/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: King St West at Bathurst St, about 126 m away

20+ transit stops20+ grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Waterfront Communities C8
$998K
Church-Yonge Corridor
$574K
Annex
$1.39M
Mimico
$875K
Banbury-Don Mills
$500K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Ryerson Community School
52%
Ryerson Community SchoolPublic · Elementary · 0.7 km awayBelow the GTA average · 52% meet the provincial standard
ALPHA Alternative Junior SchoolEQAO results not published

Affordability & Mortgage

Affordability
$2,957/mo
$134KIncome needed
4.8×Price ÷ income
$682Weekly cost
20% down4.79%25-yr amortization

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.

79%mortgage
Mortgage $2,957Property tax $258Condo fee $507Total carry $3,722

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,770per month

Mortgage amount $519,040 · 4.14% over 25 years

$129,760Down payment (20.0%)
$519,040Loan before insurance
$0CMHC premium
$3,535Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,770
Property tax
$258
Condo / maintenance fees
$507
Heating
$0
Estimated monthly cost
$3,535

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,451
Toronto municipal land transfer tax
$9,451
Estimated closing costs
$18,902

Plus your down payment of $129,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,364/monthPayment at the qualifying rate

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

$311,897Total interest paid
$830,937Total of all payments
Principal $519,040 Interest $311,897
YearPrincipalInterestBalance
1$12,159$21,078$506,881
2$12,668$20,570$494,213
3$13,198$20,040$481,015
4$13,750$19,488$467,265
5$14,325$18,912$452,940
6$14,924$18,313$438,016
7$15,548$17,689$422,468
8$16,199$17,039$406,269
9$16,876$16,361$389,392
10$17,582$15,655$371,810
11$18,318$14,920$353,492
12$19,084$14,154$334,408
13$19,882$13,355$314,526
14$20,714$12,524$293,812
15$21,580$11,657$272,232
16$22,483$10,755$249,749
17$23,423$9,814$226,326
18$24,403$8,834$201,923
19$25,424$7,814$176,499
20$26,487$6,750$150,012
21$27,595$5,642$122,417
22$28,749$4,488$93,667
23$29,952$3,285$63,715
24$31,205$2,033$32,510
25$32,510$727$0

At the end of your 5-year term

Total paid over the term
$166,187
Principal paid down
$66,100
Interest paid
$100,088
Balance remaining
$452,940

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.

Let's connect

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

Rental yield
Estimate$2,050/mo
$24,600Gross annual rent
1.9%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.8%
Gross yield
− Property tax $3,100− Condo fees $6,084− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,110

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.

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