606-478 King Street, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13578914

$849,900
For Sale
Just listed today
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3Bedrooms
2Bathrooms
2Garage
900-999Sq Ft

About this home

Rarely Does A Residence Of Such Unrivaled Luxury Become Available In King West. This Meticulously Designed & Tastefully Updated 920 Square Foot, Two-Bedroom Suite In Victory Condominiums Offers An Unparalleled Living Experience With Refined Custom Finishes Throughout. Complemented By Breathtaking City & Urban King Street Views From Your Own Private Balcony, The Residence Is Perfectly Situated On The South-Side Of Building As Each Room Exudes Panoramic Serenity And Draws An Abundance Of Natural Light. The Well-Defined Formal Principal Rooms Accommodate An Unrivaled Living Experience And Are Designed For Seamless Entertaining On Any Scale. The Modern, Eat-In Kitchen Features Top Of The Line Appliances & Provides Functionality With A Large Center Island, Breakfast Bar And Ample Storage. The Indulgent Primary Bedroom Retreat Features An Opulent, Three-Piece Spa-Like En-Suite Bathroom. The Second Bedroom Is Perfect For Guests, Families Or Those In Need Of A Large Home Office. The Den Has Been Converted Into A Convenient Storage Area With A Built-In Custom Wardrobe System. World Class Amenities & Location. Steps To Renowned Shopping And Restaurants Of King & Queen West, The Entertainment & Financial Districts & The Well. Easy Access To Martin Goodman Trail, Lake Ontario, Billy Bishop, Gardiner Expressway, CN Tower, Scotiabank Arena, Rogers Centre & Toronto Convention Centre.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13578914
Bedrooms
3 (2 + 1)
Bathrooms
2
Size
900-999
Cross streets
King Street West & Spadina Avenue
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$864/mo
Exposure
South
Property tax
$4,562 / 2025
Listing brokerage
RE/MAX HALLMARK BIBBY GROUP REALTY

Rooms

KitchenMain5.03 × 3.75 m

hardwood floor · centre island · breakfast bar

Bedroom 2Main3.03 × 2.51 m

hardwood floor · double closet · sliding doors

Primary BedroomMain3.41 × 2.98 m

hardwood floor · large closet · 3 pc ensuite

Living RoomMain6.02 × 2.89 m

hardwood floor · south view · w/o to balcony

DenMain1.68 × 1.42 m

hardwood floor · closet

Dining RoomMain6.02 × 2.89 m

hardwood floor · combined w/living · open concept

Listing history

  1. Jun 9, 2026Listed$879,900

Price and status history from the listing board. Deemed reliable but not guaranteed.

Moe’s TakeTeam Asgarian · Broker
In line
$844Kest. value

Listed at $849,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.

Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.11M, higher than the comparables and worth a second look.

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 $1.07M
  • Adjusts to $1.07M

That comparable adjusts to $1.07M; the $844K estimate above is the median of all 5 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.

List price
$763KGreat deal$898KOverpriced

Total price vs nearby homes. Fair value about $844K, median of 5 comparables.

Comparable listingsCurrently listed nearby in Waterfront Communities C1 · asking prices
$868kavg asking

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

503-90 Queens Wharf Road$808k1105-361 Front Street$899k2308-3 Navy Wharf Court$1.07M1815-352 Front Street$995k505-270 Queens Quay$569k

The 5 closest of 6 active listings nearby.

See all comparable homes
850kThis home808k899k1.07M995k569kThis home vs active comparables
Live market pulseActive comparables in Waterfront Communities C1 · median list $835K
$895this home / sqft
29active listings nearby

This home lists 6% below the area average of $949/sqft.

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 Spadina Ave West Side, about 52 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.

Niagara
$718K
Waterfront Communities C8
$1.24M
Church-Yonge Corridor
$590K
Mimico
$800K
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 · 0.8 km awayBelow the GTA average · 52% meet the provincial standard
ALPHA Alternative Junior SchoolEQAO results not published

Affordability & Mortgage

Affordability
$3,874/mo
$179KIncome needed
4.7×Price ÷ income
$894Weekly 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.

76%mortgage
Mortgage $3,874Property tax $380Condo fee $864Total carry $5,117

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)
$3,628per month

Mortgage amount $679,920 · 4.14% over 25 years

$169,980Down payment (20.0%)
$679,920Loan before insurance
$0CMHC premium
$4,872Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,628
Property tax
$380
Condo / maintenance fees
$864
Heating
$0
Estimated monthly cost
$4,872

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

One-time closing costs

Ontario land transfer tax
$13,473
Toronto municipal land transfer tax
$13,473
Estimated closing costs
$26,946

Plus your down payment of $169,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$4,407/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

$408,572Total interest paid
$1,088,492Total of all payments
Principal $679,920 Interest $408,572
YearPrincipalInterestBalance
1$15,928$27,611$663,992
2$16,594$26,945$647,397
3$17,289$26,251$630,109
4$18,012$25,528$612,097
5$18,765$24,775$593,332
6$19,550$23,990$573,782
7$20,368$23,172$553,414
8$21,220$22,320$532,195
9$22,107$21,432$510,087
10$23,032$20,508$487,055
11$23,995$19,544$463,060
12$24,999$18,541$438,061
13$26,045$17,495$412,016
14$27,134$16,405$384,882
15$28,269$15,270$356,612
16$29,452$14,088$327,161
17$30,684$12,856$296,477
18$31,967$11,573$264,510
19$33,304$10,236$231,206
20$34,697$8,842$196,509
21$36,149$7,391$160,360
22$37,661$5,879$122,700
23$39,236$4,304$83,464
24$40,877$2,663$42,587
25$42,587$953$0

At the end of your 5-year term

Total paid over the term
$217,698
Principal paid down
$86,588
Interest paid
$131,110
Balance remaining
$593,332

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$3,050/mo
$36,600Gross annual rent
2.0%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.

4.3%
Gross yield
− Property tax $4,562− Condo fees $10,364− Insurance $600− Vacancy & upkeep $4,026Net operating income $17,047

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK BIBBY GROUP REALTY. MLS®/PropTx.

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