3606-1 The Esplanade, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13575224

$2,950/mo
For Lease
Listed 1 day ago
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2Bedrooms
1Bathrooms
1Garage
600-699Sq Ft

About this home

Welcome to penthouse living in the heart of St. Lawrence Market! This bright and spacious 690 sq. ft. 1-bedroom + den suite features raised ceilings exclusive to the penthouse level, floor-to-ceiling windows that flood the home with natural light, and a functional open-concept layout. The versatile den with French doors is perfect as a home office, nursery, dining room or guest space. Enjoy a modern kitchen with granite countertops and full-size Bosch stainless steel appliances, a spacious bedroom with walk-in closet, ensuite laundry, and a private balcony. One underground exclusive parking space and a rare oversized private enclosed locker room are included. Residents enjoy exceptional amenities including a fully equipped fitness centre, yoga studio, outdoor lap pool, BBQ terrace, theatre room, party room and guest suites. Located steps from St. Lawrence Market, Union Station, the PATH, Financial District, waterfront, restaurants, cafes, shopping, and everyday conveniences, this is downtown Toronto living at its best. *For Additional Property Details Click The Brochure Icon Below*

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13575224
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
600-699
Cross streets
Yonge St. & Front St. W.
Parking
1 garage (underground)
Basement
None
Heating
Heat Pump
A/C
Central Air
Exterior
Concrete
Exposure
East
Days on market
1
Listing brokerage
ICI SOURCE REAL ASSET SERVICES INC.

Rooms

KitchenFlat3.65 × 3.40 m

stainless steel appl · centre island · granite counters

Dining RoomFlat3.65 × 3.40 m

open concept · combined w/living · hardwood floor

Primary BedroomMain3.01 × 3.20 m
DenFlat2.50 × 2.40 m

french doors · ne view · hardwood floor

Living RoomFlat3.75 × 4.83 m

combined w/dining · w/o to balcony · hardwood floor

Moe’s TakeTeam Asgarian · Broker
Above comparables
$2,665/moest. value

Listed at $2,950/mo, this rental is about 11% above what comparable rentals suggest. The number above is my independent estimate of value, not the asking price.

Based on 32 similar rentals nearby, adjusted for size, beds, and baths.Median of 32 comparable active listings, adjusted for size, beds, and baths.

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 $2,400/mo
  • Bathrooms −$100/mo
  • Adjusts to $2,300/mo

That comparable adjusts to $2,300/mo; the $2,665/mo estimate above is the median of all 32 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are 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.

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

List price
$2,480/moBelow market$2,950/moAbove market

Total price vs nearby homes. Fair value about $2,665/mo, median of 32 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 Waterfront Communities C8 · asking prices
$2,734avg asking

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

15 Merchants' Wharf$2,8501703-8 The Esplanade$2,8005406-8 The Esplanade$2,7901004-8 The Esplanade$2,650808-28 Freeland Street$2,580

The 5 closest of 8 active listings nearby.

See all comparable homes
2,950This home2,8502,8002,7902,6502,580This home vs active comparables
Live market pulseActive comparables in Waterfront Communities C8 · median list $3K
57active listings nearby
1days on market

On the market now.

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Waterfront Communities C8, 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

88/ 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: The Esplanade at Yonge St, about 31 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 C1
$3K
Church-Yonge Corridor
$3K
Bay Street Corridor
$3K
Kensington-Chinatown
$4K
Dovercourt-Wallace Emerson-Junction
$2K

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 Market Lane Junior and Senior Public School
74%
Market Lane Junior and Senior Public SchoolPublic · Elementary · 1.0 km awayAround the GTA average · 74% meet the provincial standard
Downtown Alternative SchoolEQAO results not published

Affordability & Mortgage

Affordability
$13/mo
$4KIncome needed
0.7×Price ÷ income
$3Weekly 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.

88%mortgage
Mortgage $13Property tax $2Total carry $15

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)
$13per month

Mortgage amount $2,360 · 4.14% over 25 years

$590Down payment (20.0%)
$2,360Loan before insurance
$0CMHC premium
$14Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$13
Property tax
$2
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$14

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

One-time closing costs

Ontario land transfer tax
$15
Toronto municipal land transfer tax
$15
Estimated closing costs
$30

Plus your down payment of $590. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$15/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

$1,418Total interest paid
$3,778Total of all payments
Principal $2,360 Interest $1,418
YearPrincipalInterestBalance
1$55$96$2,305
2$58$94$2,247
3$60$91$2,187
4$63$89$2,125
5$65$86$2,059
6$68$83$1,992
7$71$80$1,921
8$74$77$1,847
9$77$74$1,771
10$80$71$1,691
11$83$68$1,607
12$87$64$1,521
13$90$61$1,430
14$94$57$1,336
15$98$53$1,238
16$102$49$1,136
17$107$45$1,029
18$111$40$918
19$116$36$803
20$120$31$682
21$125$26$557
22$131$20$426
23$136$15$290
24$142$9$148
25$148$3$0

At the end of your 5-year term

Total paid over the term
$756
Principal paid down
$301
Interest paid
$455
Balance remaining
$2,059

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.

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ICI SOURCE REAL ASSET SERVICES INC.. MLS®/PropTx.

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