305-399 Adelaide Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13680924
About this home
Welcome to suite 305 at Lofts 399- Stylish and contemporary design located in Toronto vibrant King West neighborhood. Bright 1+den suite featuring soaring 10-ft exposed concrete ceilings and floor-to-ceiling windows with private balcony. This unit boasts numerous upgrades with spacious layout w/no wastage in space. The open concept living and dining area offers an ideal space for entertaining, complemented by upgraded stainless steel appliances. Exceptional building amenities include a fitness centre, lap pool, landscaped courtyard with water garden, 24-hour concierge, and party room, Lofts 399 is ideally situated in King West just steps from the TTC, surrounded by boutique ships, and shops, and top restaurants, cafes, and art galleries. Price includes 1 parking spot a rare find in today's downtown living. Don't miss this opportunity to own this chic loft in one of Toronto's most desirable neighborhood!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13680924
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 800-899
- Cross streets
- Adelaide/Brant
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $755/mo
- Exposure
- North
- Property tax
- $3,800 / 2025
- Listing brokerage
- Century 21 New Concept Simple Realty
Rooms
hardwood floor · open concept · combined w/kitchen
hardwood floor · separate room
hardwood floor · open concept · w/o to balcony
hardwood floor · open concept · combined w/living
large window · large closet · hardwood floor
Listed at $639,000, and my independent estimate is about 15% below comparable homes, worth a close look.
In Waterfront Communities C1 lately, sellers get about 96% of asking; homes sell in ~40 days.
Total price vs nearby homes. Fair value about $750K, median of 8 comparables.
How this estimate is builtthe short version
I take the 8 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $786K, a close match.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
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.
On location, this is a very walkable address with everyday errands close by. Spadina Avenue is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Based on 8 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 16% below the area average of $890/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Spadina Avenue, about 151 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 4.09% via Ratehub.ca (as of August 14, 2026); conventional rates run a little higher.
Mortgage amount $511,200 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,756
- Property tax
- $317
- Condo / maintenance fees
- $755
- Heating
- $0
- Estimated monthly cost
- $3,828
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,255
- Toronto municipal land transfer tax
- $9,255
- Estimated closing costs
- $18,510
Plus your down payment of $127,800. 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
- $165,356
- Principal paid down
- $64,338
- Interest paid
- $101,018
- Balance remaining
- $446,862
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 Century 21 New Concept Simple Realty. MLS®/PropTx.