615-231 Fort York Boulevard, Toronto, ON

Niagara, Toronto · MLS® C13566454

$549,000
For Sale
Listed 2 days ago
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2Bedrooms
1Bathrooms
1Garage
500-599Sq Ft

About this home

Have you ever dreamed of living in a condo with an uncompromised layout that also has flawless views? If so, wake up and welcome to 231Fort York Blvd Unit 615. This thoughtfully designed 1+1 bedroom suite offers a spacious open-concept layout with west-facing exposure, and a walk-out balcony perfect for enjoying summer sunsets. The updated kitchen features granite countertops, full sized stainless steel appliances, and a breakfast bar. Its rare to find a condo that allows you to host dinner parties, but unit 615 delivers with room for a large dining table! The oversized den is perfect in its versatility and can be used for a home office, guest space or home gym. Enjoy convenient access to TTC street cars just steps from your door, Exhibition GO Station, and quick connections to the Gardiner Expressway. You're also moments from Loblaws, LCBO, Stanley Park, waterfront trails, and King West dining. Building amenities include 24-hour concierge, indoor pool, gym, rooftop terrace, and visitor parking. Includes 1 owned parking space and 1 locker. A perfect blend of city living and lakeside lifestyle.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13566454
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
500-599
Cross streets
Lake Shore Blvd W/Strachan Ave
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Other
Maintenance
$633/mo
Exposure
West
Property tax
$2,406 / 2025
Days on market
2
Listing brokerage
REAL BROKER ONTARIO LTD.

Rooms

DenGround2.34 × 2.31 m

b/i shelves · laminate

Living RoomGround3.04 × 5.66 m

combined w/dining · w/o to patio · laminate

BedroomGround2.46 × 3.23 m

window · b/i shelves · laminate

Dining RoomGround3.04 × 5.66 m

combined w/family · w/o to patio · laminate

Moe’s TakeTeam Asgarian · Broker
Above comparables
$489Kest. value

Listed at $549,000, this home is about 12% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.

Based on 19 similar homes nearby, adjusted for size, beds, and baths.Median of 19 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $491K, 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 $500K
  • Adjusts to $500K

That comparable adjusts to $500K; the $489K estimate above is the median of all 19 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.

Its public catchment (The Waterfront School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a very walkable address with everyday errands close by. Fleet St at Fort York Blvd East Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$461KGreat deal$549KOverpriced

Total price vs nearby homes. Fair value about $489K, median of 19 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
Comparable listingsCurrently listed nearby in Niagara · asking prices
$535kavg asking

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

1601-600 Fleet Street$525k418-1030 King Street$500k517-15 Bruyeres Mews$550k1507-135 East Liberty Street$539k217-215 Fort York Boulevard$560k

The 5 closest of 8 active listings nearby.

See all comparable homes
549kThis home525k500k550k539k560kThis home vs active comparables
Live market pulseActive comparables in Niagara · median list $560K
$999this home / sqft
54active listings nearby
2days on market

This home lists 15% above the area average of $867/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Niagara, 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

78/ 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: Fleet St at Fort York Blvd East Side, about 76 m away

20+ transit stops15 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 C1
$672K
Waterfront Communities C8
$1.24M
Church-Yonge Corridor
$590K
Annex
$1.57M
Mimico
$800K

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 The Waterfront School
74%
The Waterfront SchoolPublic · Elementary · 0.7 km awayAround the GTA average · 74% meet the provincial standard

Affordability & Mortgage

Affordability
$2,502/mo
$117KIncome needed
4.7×Price ÷ income
$577Weekly 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.

75%mortgage
Mortgage $2,502Property tax $200Condo fee $633Total carry $3,336

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 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,344per month

Mortgage amount $439,200 · 4.14% over 25 years

$109,800Down payment (20.0%)
$439,200Loan before insurance
$0CMHC premium
$3,177Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,344
Property tax
$201
Condo / maintenance fees
$633
Heating
$0
Estimated monthly cost
$3,177

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

One-time closing costs

Ontario land transfer tax
$7,455
Toronto municipal land transfer tax
$7,455
Estimated closing costs
$14,910

Plus your down payment of $109,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,847/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

$263,920Total interest paid
$703,120Total of all payments
Principal $439,200 Interest $263,920
YearPrincipalInterestBalance
1$10,289$17,836$428,911
2$10,719$17,405$418,192
3$11,168$16,957$407,024
4$11,635$16,490$395,389
5$12,121$16,003$383,268
6$12,629$15,496$370,639
7$13,157$14,968$357,483
8$13,707$14,418$343,775
9$14,280$13,844$329,495
10$14,878$13,247$314,617
11$15,500$12,625$299,117
12$16,148$11,976$282,969
13$16,824$11,301$266,145
14$17,528$10,597$248,618
15$18,261$9,864$230,357
16$19,025$9,100$211,332
17$19,820$8,305$191,512
18$20,649$7,475$170,863
19$21,513$6,612$149,349
20$22,413$5,712$126,937
21$23,350$4,774$103,586
22$24,327$3,798$79,259
23$25,345$2,780$53,914
24$26,405$1,720$27,509
25$27,509$615$0

At the end of your 5-year term

Total paid over the term
$140,624
Principal paid down
$55,932
Interest paid
$84,692
Balance remaining
$383,268

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$1,700/mo
$20,400Gross annual rent
1.4%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.

3.7%
Gross yield
− Property tax $2,406− Condo fees $7,600− Insurance $600− Vacancy & upkeep $2,244Net operating income $7,550

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REAL BROKER ONTARIO LTD.. MLS®/PropTx.

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