909-138 Downes Street, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13558138
About this home
**Welcome to Sugar Wharf - Suite 909** Experience modern waterfront living in this bright and spacious 1-bedroom plus den suite at Sugar Wharf by Menkes, one of Toronto's most exciting master-planned communities. Built in 2023, this thoughtfully designed 682 sq ft residence features a functional open-concept layout with floor-to-ceiling windows that fill the home with natural light. The versatile den is perfect for a home office, guest room, or additional living space, while the contemporary kitchen showcases integrated appliances, sleek cabinetry, and modern finishes designed for everyday living. Complete with one locker and high-speed internet included, this suite offers the perfect blend of style, comfort, and convenience. Amazing Amenities You Need: Enjoy 24-hour concierge, a state-of-the-art fitness centre, indoor pool, basketball court, yoga and Pilates studios, party and theatre rooms, arcade and games rooms, children's play areas, a rooftop terrace with BBQs, lounge areas and fire pits, plus an included membership to UNITY Fitness Harbourfront. Connected directly to the PATH network with convenient on-site retail and restaurants. Location, Location, Location: Live in Toronto's vibrant waterfront community, just steps to Union Station, the Financial District, St. Lawrence Market, Harbourfront, Sugar Beach, the Distillery District, Scotiabank Arena, Rogers Centre, and the CN Tower. Loblaws, Farm Boy, LCBO, cafés, restaurants, and the Martin Goodman Trail are all nearby, with easy access to transit and the Gardiner Expressway. Whether you're a first-time buyer, investor, or professional looking to own in one of Toronto's most sought-after waterfront communities, Suite 909 offers an exceptional opportunity to experience the very best of downtown living.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13558138
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Lakeshore Blvd & Cooper St.
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $707/mo
- Exposure
- South
- Property tax
- $3,284 / 2026
- Days on market
- 8
- Listing brokerage
- UNION CAPITAL REALTY
Rooms
large window · hardwood floor · closet
open concept · combined w/living · hardwood floor
hardwood floor · large window
Hardwood Floor
Listed at $499,999, this home is about 10% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C8 lately, sellers have been getting about 96% of asking and homes sell in about 33 days.
Based on 95 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 95 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $598K, 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 $510K
- Adjusts to $510K
That comparable adjusts to $510K; the $554K estimate above is the median of all 95 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 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.
On location, this is a very walkable address with everyday errands close by. Lower Jarvis Street is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $554K, median of 95 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.
- Open-concept layout: modern, sought-after flow.
- Weigh carefully
- 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 19% below the area average of $954/sqft.
7 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.
Getting around
Walker's ParadiseA 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: Lower Jarvis Street, about 134 m away
Within a 15-minute (1.5 km) walk.
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 $399,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,135
- Property tax
- $274
- Condo / maintenance fees
- $707
- Heating
- $0
- Estimated monthly cost
- $3,115
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,475
- Toronto municipal land transfer tax
- $6,475
- Estimated closing costs
- $12,950
Plus your down payment of $100,000. 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
- $128,073
- Principal paid down
- $50,940
- Interest paid
- $77,133
- Balance remaining
- $349,059
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 UNION CAPITAL REALTY. MLS®/PropTx.