515-38 Dan Leckie Way, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13809002

$535,000
For Sale
Listed 28 days agoNo offer date stated
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1+1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • It's rare to find such a well maintained, upgraded One Bedroom Condo Apartment with Owned Parking + Locker that also has an actual separated Den and lower than...
  • With over 680 sq ft of living space, this bright + open concept, south-facing unit has been tastefully upgraded and maintained.
  • The Open Concept, designer Italian Kitchen with upgraded quartz counters (2021) + black granite sink (2021) flows seamlessly into the bright Living Room making...
  • Engineered hardwood throughout (2021), all-in-one washer-dryer (2022), Bosch dishwasher (2025).

It's rare to find such a well maintained, upgraded One Bedroom Condo Apartment with Owned Parking + Locker that also has an actual separated Den and lower than average condo fees. With over 680 sq ft of living space, this bright + open concept, south-facing unit has been tastefully upgraded and maintained. The Open Concept, designer Italian Kitchen with upgraded quartz counters (2021) + black granite sink (2021) flows seamlessly into the bright Living Room making entertaining a breeze. A private Balcony off the Living Room allows for easy outdoor enjoyment. Building amenities include the eighth floor luxury outdoor terrace with roof top patio, alfresco bar, hot-tub, BBQ pit, fireplace + showers. Additional amenities include a large gym, guest suites, saunas, party room, boardroom + theatre. No Airbnb or short term rentals building. Pets allowed. Engineered hardwood throughout (2021), all-in-one washer-dryer (2022), Bosch dishwasher (2025). Located near Bathurst and Lakeshore, city amenities are easily accessible - Billy Bishop Airport, Groceries across the street, TTC at your doorstep, Entertainment District, Fort York, Financial District, Exhibition Place, BMO Field, Rogers Centre all nearby. Freshly painted (2026).

Key facts

Property type
Condo Apartment, 1 Storey/Apt
MLS®
C13809002
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Lake Shore Rd W/Bathurst
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Other
Maintenance
$485/mo
Exposure
South
Property tax
$2,723 / 2025
Days on market
28
Listing brokerage
SUTTON GROUP - SUMMIT REALTY INC.

Rooms

DenFlat2.69 × 2.13 m
BedroomFlat3.10 × 2.82 m

semi ensuite · his and hers closets

KitchenFlat3.10 × 2.64 m

quartz counter · stainless steel appl · open concept

Living RoomFlat6.10 × 2.29 m

combined w/dining · w/o to balcony · open concept

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is The Waterfront School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Waterfront Communities C1 · asking prices
$542kavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market.

Per square foot, these ask about $834/sqft; this home lists at $824/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
535kThis home535k540k525k550k560kThis home vs active comparables

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.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Niagara
$724K
Kensington-Chinatown
$585K
Church-Yonge Corridor
$529K
Waterfront Communities C8
$554K
North St. James Town
$765K

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 The Waterfront School
74%
The Waterfront SchoolPublic · Elementary · 0.2 km awayAround the GTA average · 74% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Jean Lumb Public School · Public elementary0.4 km · 73% at standard
Oasis Alternative Secondary School · Public secondary0.9 km
ALPHA Alternative Junior School · Public elementary0.9 km
St Mary Catholic School · Catholic elementary1.1 km · 64% at standard
Niagara Street Junior Public School · Public elementary1.1 km · 82% at standard
Ogden Junior Public School · Public elementary1.4 km · 69% at standard
Charles G Fraser Junior Public School · Public elementary1.5 km · 74% at standard
Ryerson Community School Junior Senior · Public elementary1.6 km · 52% at standard
Givins/Shaw Junior Public School · Public elementary1.9 km · 81% at standard
Contact Alternative School School · Public secondary1.9 km
Heydon Park Secondary School · Public secondary2.0 km · 8% at standard
Beverley School · Public elementary2.1 km

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

Affordability & Mortgage

Affordability
$2,438/mo
$113KIncome needed
4.7×Price ÷ income
$563Weekly cost
$14,350Land 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.

77%mortgage
Mortgage $2,438Property tax $227Condo fee $485Total carry $3,150

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)
$2,366per month

Mortgage amount $428,000 · 4.49% over 25 years

$107,000Down payment (20.0%)
$428,000Loan before insurance
$0CMHC premium
$3,078Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,366
Property tax
$227
Condo / maintenance fees
$485
Heating
$0
Estimated monthly cost
$3,078

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

One-time closing costs

Ontario land transfer tax
$7,175
Toronto municipal land transfer tax
$7,175
Estimated closing costs
$14,350

Plus your down payment of $107,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,864/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

$281,946Total interest paid
$709,946Total of all payments
Principal $428,000 Interest $281,946
YearPrincipalInterestBalance
1$9,551$18,847$418,449
2$9,985$18,413$408,464
3$10,438$17,960$398,026
4$10,912$17,486$387,114
5$11,408$16,990$375,706
6$11,925$16,472$363,781
7$12,467$15,931$351,314
8$13,033$15,365$338,281
9$13,625$14,773$324,656
10$14,243$14,154$310,413
11$14,890$13,508$295,523
12$15,566$12,832$279,957
13$16,273$12,125$263,684
14$17,012$11,386$246,672
15$17,784$10,614$228,888
16$18,592$9,806$210,296
17$19,436$8,962$190,860
18$20,318$8,080$170,542
19$21,241$7,157$149,301
20$22,205$6,193$127,096
21$23,213$5,184$103,883
22$24,267$4,130$79,615
23$25,369$3,029$54,246
24$26,521$1,877$27,725
25$27,725$673$0

At the end of your 5-year term

Total paid over the term
$141,989
Principal paid down
$52,294
Interest paid
$89,695
Balance remaining
$375,706

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$2,050/mo
$24,600Gross annual rent
2.4%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.

4.6%
Gross yield
− Property tax $2,723− Condo fees $5,817− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,754

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

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