1429-70 Princess Street, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13819940

$529,000
For Sale
Listed 26 days agoNo offer date stated
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1+1Bedrooms
2Bathrooms
0Parking
600-699Sq ft

About this home

In short

  • LUXURY LIVING IN THE HEART OF DOWNTOWN TORONTO.
  • This Beautifully appointed 1+ Den, 2 Full Bath suite offers the perfect blend of Modern Style, functionality and indoor-outdoor living.
  • The thoughtfully designed layout features 9' smooth ceilings, premium 7 1/2" wide Laminate Flooring, Two Full Bathrooms and an Upgraded Contemporary Kitchen complete...
  • Indulge in an impressive array of resort-inspired amenities including an infinity-edge pool, rooftop cabanas, outdoor BBQ area, fully equipped fitness centre, yoga...
  • A Sophisticated Urban Home offering Exceptional Amenities, An Enviable Location and a truly outstanding 100 Sq.

LUXURY LIVING IN THE HEART OF DOWNTOWN TORONTO !! Welcome to Time and Space by Pemberton, an Exceptional Residence in a Prime Location at Front Street E and Sherbourne St. This Beautifully appointed 1+ Den, 2 Full Bath suite offers the perfect blend of Modern Style, functionality and indoor-outdoor living. Enjoy a rare 100 Sq.Ft. Open Balcony with West Exposure - an Ideal Private Retreat for morning coffee, Evening Drinks or Entertaining while taking in the vibrant Downtown Atmosphere. The thoughtfully designed layout features 9' smooth ceilings, premium 7 1/2" wide Laminate Flooring, Two Full Bathrooms and an Upgraded Contemporary Kitchen complete with Stylish Backsplash and Stainless Steel Appliances, Locker Included. Indulge in an impressive array of resort-inspired amenities including an infinity-edge pool, rooftop cabanas, outdoor BBQ area, fully equipped fitness centre, yoga studio, party room and more. Unbeatable Location just steps to the Distillery District, St. Lawrence Market, TTC, Waterfront, Restaurants, Cafes and Everyday conveniences. Enjoy the Best of Downtown Living with everything you need right outside your door. A Sophisticated Urban Home offering Exceptional Amenities, An Enviable Location and a truly outstanding 100 Sq.Ft. Private Balcony.

Key facts

Property type
Condo Apartment, 1 Storey/Apt
MLS®
C13819940
Bedrooms
1+1 (2 total)
Bathrooms
2
Size
600-699 sq ft
Cross streets
Front & Sherbourne
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$546/mo
Exposure
West
Property tax
$2,877 / 2026
Days on market
26
Listing brokerage
iCloud Realty Ltd.

Rooms

Living RoomFlat0.00 × 0.00 m

hardwood floor · w/o to balcony

Primary BedroomFlat0.00 × 0.00 m

hardwood floor · ensuite bath · window

KitchenFlat0.00 × 0.00 m

hardwood floor · ceramic backsplash · stainless steel appl

DenFlat0.00 × 0.00 m

Hardwood Floor

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 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.

What sellers nearby are askingCurrently listed nearby in Waterfront Communities C8 · asking prices
$486kavg asking

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

Per square foot, these ask about $751/sqft; this home lists at $814/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
529kThis home520k520k425k479kThis home vs active comparables

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.

Nearby neighbourhoods

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

Moss Park
$549K
Church-Yonge Corridor
$580K
North St. James Town
$649K
Waterfront Communities C1
$678K
Kensington-Chinatown
$585K

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 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
Nelson Mandela Park Public School · Public elementary1.0 km · 47% at standard
St Michael's Choir (Jr) School · Catholic elementary1.0 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.1 km · 98% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.2 km · 55% at standard
Sprucecourt Junior Public School · Public elementary1.6 km · 59% at standard
Winchester Junior and Senior Public School · Public elementary1.8 km · 76% at standard
Church Street Junior Public School · Public elementary1.8 km · 73% at standard
Native Learning Centre · Public secondary1.8 km
Queen Alexandra Middle School · Public elementary1.9 km · 71% at standard
St Martin Catholic School(OL of Lourdes · Catholic elementary1.9 km
SEED Alternative School · Public secondary1.9 km

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

Affordability & Mortgage

Affordability
$2,411/mo
$113KIncome needed
4.7×Price ÷ income
$556Weekly cost
$14,110Land 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.

75%mortgage
Mortgage $2,411Property tax $240Condo fee $546Total carry $3,197

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,340per month

Mortgage amount $423,200 · 4.49% over 25 years

$105,800Down payment (20.0%)
$423,200Loan before insurance
$0CMHC premium
$3,126Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,340
Property tax
$240
Condo / maintenance fees
$546
Heating
$0
Estimated monthly cost
$3,126

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

One-time closing costs

Ontario land transfer tax
$7,055
Toronto municipal land transfer tax
$7,055
Estimated closing costs
$14,110

Plus your down payment of $105,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,832/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

$278,784Total interest paid
$701,984Total of all payments
Principal $423,200 Interest $278,784
YearPrincipalInterestBalance
1$9,444$18,635$413,756
2$9,873$18,207$403,883
3$10,321$17,758$393,562
4$10,790$17,290$382,772
5$11,280$16,800$371,493
6$11,792$16,288$359,701
7$12,327$15,752$347,374
8$12,887$15,193$334,487
9$13,472$14,607$321,015
10$14,084$13,996$306,932
11$14,723$13,356$292,208
12$15,392$12,688$276,817
13$16,090$11,989$260,726
14$16,821$11,258$243,905
15$17,585$10,495$226,321
16$18,383$9,696$207,938
17$19,218$8,862$188,720
18$20,090$7,989$168,629
19$21,003$7,077$147,627
20$21,956$6,123$125,671
21$22,953$5,126$102,718
22$23,995$4,084$78,723
23$25,085$2,995$53,638
24$26,224$1,856$27,414
25$27,414$665$0

At the end of your 5-year term

Total paid over the term
$140,397
Principal paid down
$51,707
Interest paid
$88,689
Balance remaining
$371,493

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
2.2%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.

4.7%
Gross yield
− Property tax $2,877− Condo fees $6,553− Insurance $600− Vacancy & upkeep $2,706Net operating income $11,864

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of iCloud Realty Ltd.. MLS®/PropTx.

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