916-39 Parliament Street, Toronto, ON
Waterfront Communities C8, Toronto · MLS® C13591712
About this home
Welcome to your urban sanctuary in the heart of Toronto's iconic Distillery District. This beautifully renovated 2-storey condo at 39 Parliament St perfectly combines modern sophistication with the area's historic charm. Step inside and be greeted by a bright, open-concept main floor featuring 9-foot ceilings, stylish upgraded floors, and a spacious living and dining area that flows seamlessly into a sleek, updated kitchen, complete with stainless steel appliances, stone countertops, and a breakfast bar ideal for casual dining or entertaining. Upstairs, you'll find a versatile layout with a large primary bedroom, a beautifully updated spa-like bathroom, and flexible space for a kids room, guest room, or home office. The true showstopper? The expansive 135 sq ft South facing private terrace is perfect for morning coffee, evening cocktails with skyline views, or simply taking in the buzz and beauty of the Distillery's cobblestone streets below. With its unique two-level design, luxurious finishes, ample storage, and unbeatable location steps from restaurants, boutiques, and the waterfront, this residence provides access to the best of the city. Experience the perfect balance of heritage charm and contemporary comfort at 39 Parliament St. Includes 2 car tandem parking and 1 storage locker. "Other" room is terrace.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- C13591712
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199
- Cross streets
- Parliament St and Mill St
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Exposure
- South
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
open concept · w/o to terrace · combined w/dining
stainless steel appl · stone counters · breakfast bar
double closet · south view · california shutters
south view · west view
window · california shutters · closet organizers
south view · window floor to ceiling
Listed at $4,000/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C8 lately, landlords have been getting about 99% of asking and homes lease in about 13 days.
There were not many closely comparable homes right in Waterfront Communities C8, so I widened the search to the surrounding area.
Based on 35 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 35 recently leased comparable homes — actual closing prices, not asks — 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, leased for $4,200/mo
- Bedrooms −$150/mo
- Adjusts to $4,050/mo
That comparable adjusts to $4,050/mo; the $3,800/mo estimate above is the median of all 35 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
The assigned public school is Inglenook Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $3,800/mo, median of 35 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. 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 homesNot enough sq ft data to place this home on the area price curve.
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.
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 $3,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20
- Toronto municipal land transfer tax
- $20
- Estimated closing costs
- $40
Plus your down payment of $800. 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
- $1,025
- Principal paid down
- $408
- Interest paid
- $617
- Balance remaining
- $2,792
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.