TH-112-121 Lower Sherbourne Street, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13780684

$948,000
For Sale
Listed 35 days agoNo offer date stated
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2+1Bedrooms
3Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Rare Two-Level Townhome At Downtown Toronto Time & Space Condos.
  • This Bright And Spacious 1095sf, 9ft Ceiling, 2 + Den, 2.5 Bath Residence Offers The Perfect Blend Of Condo Convenience And Townhouse Living.
  • Functional Open-Concept Layout Featuring Floor-To-Ceiling Windows, Modern Finishes, Contemporary Kitchen With Integrated Appliances, And Generous Living & Dining...
  • Residents Enjoy Access To Exceptional Building Amenities Including Fitness Centre, Outdoor Pool, Party Room, Yoga Studio, Rooftop Terrace And More.

Rare Two-Level Townhome At Downtown Toronto Time & Space Condos! This Bright And Spacious 1095sf, 9ft Ceiling, 2 + Den, 2.5 Bath Residence Offers The Perfect Blend Of Condo Convenience And Townhouse Living. Functional Open-Concept Layout Featuring Floor-To-Ceiling Windows, Modern Finishes, Contemporary Kitchen With Integrated Appliances, And Generous Living & Dining Space Ideal For Daily Living And Entertaining. Steps To TTC, St. Lawrence Market, Distillery District, Waterfront, Financial District, Restaurants, Parks And Everyday Conveniences. Residents Enjoy Access To Exceptional Building Amenities Including Fitness Centre, Outdoor Pool, Party Room, Yoga Studio, Rooftop Terrace And More. One Parking Spot Included.

Key facts

Property type
Condo Townhouse, Apartment
MLS®
C13780684
Bedrooms
2+1 (3 total)
Bathrooms
3 (1 half)
Size
1000-1199 sq ft
Cross streets
Front St E/ Lower Sherbourne St
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$893/mo
Exposure
East
Property tax
$5,580 / 2025
Days on market
35
Listing brokerage
HOMELIFE LANDMARK REALTY INC.
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

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.

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.

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 · 0.2 km awayAround the GTA average · 74% meet the provincial standard
Downtown Alternative SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
St Paul Catholic School · Catholic elementary0.8 km · 62% at standard
St Michael's Choir (Jr) School · Catholic elementary1.1 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.1 km · 98% at standard
Nelson Mandela Park Public School · Public elementary1.1 km · 47% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.2 km · 55% at standard
Sprucecourt Junior Public School · Public elementary1.7 km · 59% at standard
Church Street Junior Public School · Public elementary1.8 km · 73% at standard
Winchester Junior and Senior Public School · Public elementary1.8 km · 76% at standard
Native Learning Centre · Public secondary1.8 km
St Martin Catholic School(OL of Lourdes · Catholic elementary1.9 km
Contact Alternative School School · Public secondary1.9 km
Queen Alexandra Middle School · Public elementary1.9 km · 71% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$4,321/mo
$200KIncome needed
4.7×Price ÷ income
$997Weekly cost
$30,870Land transfer tax, one-time (Ontario + Toronto)
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 $4,321Property tax $465Condo fee $893Total carry $5,679

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,193per month

Mortgage amount $758,400 · 4.49% over 25 years

$189,600Down payment (20.0%)
$758,400Loan before insurance
$0CMHC premium
$5,551Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,193
Property tax
$465
Condo / maintenance fees
$893
Heating
$0
Estimated monthly cost
$5,551

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

One-time closing costs

Ontario land transfer tax
$15,435
Toronto municipal land transfer tax
$15,435
Estimated closing costs
$30,870

Plus your down payment of $189,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,075/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

$499,597Total interest paid
$1,257,997Total of all payments
Principal $758,400 Interest $499,597
YearPrincipalInterestBalance
1$16,924$33,396$741,476
2$17,693$32,627$723,783
3$18,496$31,824$705,287
4$19,336$30,984$685,951
5$20,214$30,106$665,738
6$21,132$29,188$644,606
7$22,091$28,229$622,515
8$23,094$27,226$599,421
9$24,143$26,177$575,279
10$25,239$25,081$550,040
11$26,385$23,935$523,655
12$27,583$22,737$496,073
13$28,835$21,485$467,238
14$30,144$20,176$437,093
15$31,513$18,807$405,581
16$32,944$17,376$372,637
17$34,439$15,880$338,197
18$36,003$14,317$302,194
19$37,638$12,682$264,556
20$39,347$10,973$225,210
21$41,133$9,187$184,076
22$43,001$7,319$141,076
23$44,953$5,367$96,122
24$46,994$3,326$49,128
25$49,128$1,192$0

At the end of your 5-year term

Total paid over the term
$251,599
Principal paid down
$92,662
Interest paid
$158,937
Balance remaining
$665,738

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$3,400/mo
$40,800Gross annual rent
2.0%Cap rate after taxes and upkeep

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 $5,580− Condo fees $10,720− Insurance $600− Vacancy & upkeep $4,488Net operating income $19,412

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.

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