508-38 Dan Leckie Way, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C13831178

$545,000
For Sale
Listed 24 days agoNo offer date stated
Request a showing
◎ Directions
1+1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Welcome to 38 Dan Leckie Way, where vibrant downtown living meets the tranquility of the waterfront.
  • This meticulously maintained 1-bedroom + den, south-facing residence offers beautiful water views from its open balcony and an exceptional CityPlace location.
  • The thoughtfully designed layout features a bright, open-concept living space and a versatile den with its own door and natural light - ideal for a home office, guest...

Welcome to 38 Dan Leckie Way, where vibrant downtown living meets the tranquility of the waterfront. This meticulously maintained 1-bedroom + den, south-facing residence offers beautiful water views from its open balcony and an exceptional CityPlace location. The thoughtfully designed layout features a bright, open-concept living space and a versatile den with its own door and natural light - ideal for a home office, guest room or additional living space. The spacious kitchen offers modern finishes and ample room for everyday cooking and entertaining, while the living area captures the beauty of the waterfront beyond. Enjoy the best of Toronto right outside your door. Take a morning walk, run or bike ride along the waterfront promenade, or enjoy being just minutes from The Well, one of Toronto's premier destinations for dining, shopping, fitness, entertainment and everyday conveniences. The Entertainment District, Rogers Centre, restaurants, cafes, nightlife and transit are also just minutes away. A rare opportunity to enjoy south-facing water views, a highly functional layout and an unbeatable downtown location - offering the perfect balance of waterfront serenity and city convenience, with The Well and the best of downtown Toronto at your doorstep.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13831178
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Lakeshore & Bathurst
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Maintenance
$464/mo
Exposure
South
Property tax
$2,693 / 2026
Days on market
24
Listing brokerage
PROPERTY.CA INC.

Rooms

DenMain2.74 × 2.13 m

separate room · sliding doors

Primary BedroomMain2.95 × 2.87 m

semi ensuite · closet · 4 pc ensuite

KitchenMain3.05 × 2.69 m

open concept · laminate · stainless steel appl

Living RoomMain3.35 × 2.29 m

open concept · laminate · w/o to balcony

Dining RoomMain3.05 × 2.29 m

open concept · laminate · combined w/kitchen

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 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.

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.

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
$2,484/mo
$114KIncome needed
4.8×Price ÷ income
$573Weekly cost
$14,750Land 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.

78%mortgage
Mortgage $2,484Property tax $224Condo fee $464Total carry $3,172

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)
$2,411per month

Mortgage amount $436,000 · 4.49% over 25 years

$109,000Down payment (20.0%)
$436,000Loan before insurance
$0CMHC premium
$3,099Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,411
Property tax
$224
Condo / maintenance fees
$464
Heating
$0
Estimated monthly cost
$3,099

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

One-time closing costs

Ontario land transfer tax
$7,375
Toronto municipal land transfer tax
$7,375
Estimated closing costs
$14,750

Plus your down payment of $109,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,918/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

$287,216Total interest paid
$723,216Total of all payments
Principal $436,000 Interest $287,216
YearPrincipalInterestBalance
1$9,730$19,199$426,270
2$10,171$18,757$416,099
3$10,633$18,295$405,466
4$11,116$17,813$394,350
5$11,621$17,308$382,729
6$12,148$16,780$370,580
7$12,700$16,229$357,880
8$13,277$15,652$344,604
9$13,879$15,049$330,724
10$14,510$14,419$316,215
11$15,168$13,760$301,046
12$15,857$13,072$285,189
13$16,577$12,352$268,612
14$17,330$11,599$251,283
15$18,117$10,812$233,166
16$18,939$9,989$214,227
17$19,799$9,130$194,428
18$20,698$8,231$173,730
19$21,638$7,291$152,092
20$22,620$6,308$129,472
21$23,647$5,281$105,825
22$24,721$4,208$81,104
23$25,843$3,085$55,260
24$27,017$1,912$28,243
25$28,243$685$0

At the end of your 5-year term

Total paid over the term
$144,643
Principal paid down
$53,271
Interest paid
$91,372
Balance remaining
$382,729

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.

4.5%
Gross yield
− Property tax $2,693− Condo fees $5,563− Insurance $600− Vacancy & upkeep $2,706Net operating income $13,037

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

CallRequest a showing