422-3 Market Street, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13842546

$399,000
For Sale
Listed 20 days agoNo offer date stated
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1Bedrooms
1Bathrooms
0Parking
500-599Sq ft

About this home

In short

  • Discover exceptional living in the heart of the coveted St.
  • This bright and spacious one-bedroom plus media nook suite offers a functional open-concept layout at almost 600 SqFt, a modern kitchen with stainless steel...
  • With a Walk Score of 99, daily errands rarely require a car, and King Station, Union Station, TTC, GO Transit, VIA Rail, and the UP Express to Pearson Airport are all...

Discover exceptional living in the heart of the coveted St. Lawrence Market neighbourhood. This bright and spacious one-bedroom plus media nook suite offers a functional open-concept layout at almost 600 SqFt, a modern kitchen with stainless steel appliances, an oversized bathroom, and abundant natural light cascading throughout. Expansive windows frame peaceful treetop views, while fresh paint and professional cleaning make the suite move-in ready. Residents enjoy outstanding amenities, including a lake-view fitness center with premium equipment, an elegant party room overlooking the CN Tower, outdoor BBQs, guest suites, and a tranquil reading terrace surrounded by greenery. Step outside to one of Toronto's most vibrant downtown communities, with St. Lawrence Market, acclaimed restaurants, cafés, wine bars, patios, the Distillery District, Financial District, Harbourfront, Waterfront Trail, Toronto Eaton Centre, Scotiabank Arena, Rogers Centre, Meridian Hall, Berczy Park, David Crombie Park, Sugar Beach, all nearby. With a Walk Score of 99, daily errands rarely require a car, and King Station, Union Station, TTC, GO Transit, VIA Rail, and the UP Express to Pearson Airport are all within walking distance. The neighborhood is also ideal for cyclists, with dedicated cycling routes and easy access to the waterfront. For all you pet lovers, this pet-friendly building has no weight restrictions for dogs or cats. An incredible opportunity to live, work, dine, and explore in one of downtown Toronto's most connected locations.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13842546
Bedrooms
1
Bathrooms
1
Size
500-599 sq ft
Cross streets
Lower Jarvis St/The Esplanade
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$570/mo
Exposure
West
Property tax
$2,831 / 2026
Days on market
20
Listing brokerage
RE/MAX PROFESSIONALS INC.

Rooms

Dining RoomFlat4.34 × 4.83 m

open concept · large window · hardwood floor

Living RoomFlat4.34 × 4.83 m

open concept · modern kitchen · hardwood floor

Primary BedroomFlat3.06 × 3.49 m

broadloom · double closet · large window

KitchenFlat4.34 × 4.83 m

open concept · stainless steel appl · stone counters

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
$430kavg 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 $782/sqft; this home lists at $726/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
399kThis home399k399k450k450k450kThis 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.

Church-Yonge Corridor
$666K
Waterfront Communities C1
$556K
Kensington-Chinatown
$585K
North St. James Town
$765K
Niagara
$631K

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 · 0.6 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 Michael's Choir (Jr) School · Catholic elementary1.0 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.0 km · 98% at standard
St Paul Catholic School · Catholic elementary1.2 km · 62% at standard
Nelson Mandela Park Public School · Public elementary1.5 km · 47% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.5 km · 55% at standard
Contact Alternative School School · Public secondary1.7 km
Church Street Junior Public School · Public elementary1.9 km · 73% at standard
Native Learning Centre · Public secondary1.9 km
Ogden Junior Public School · Public elementary2.0 km · 69% at standard
Sprucecourt Junior Public School · Public elementary2.0 km · 59% at standard
Winchester Junior and Senior Public School · Public elementary2.1 km · 76% at standard
Heydon Park Secondary School · Public secondary2.1 km · 8% at standard

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

Affordability & Mortgage

Affordability
$1,819/mo
$91KIncome needed
4.4×Price ÷ income
$420Weekly cost
$8,920Land 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.

69%mortgage
Mortgage $1,819Property tax $236Condo fee $570Total carry $2,625

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)
$1,765per month

Mortgage amount $319,200 · 4.49% over 25 years

$79,800Down payment (20.0%)
$319,200Loan before insurance
$0CMHC premium
$2,571Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,765
Property tax
$236
Condo / maintenance fees
$570
Heating
$0
Estimated monthly cost
$2,571

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

One-time closing costs

Ontario land transfer tax
$4,460
Toronto municipal land transfer tax
$4,460
Estimated closing costs
$8,920

Plus your down payment of $79,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,136/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

$210,273Total interest paid
$529,473Total of all payments
Principal $319,200 Interest $210,273
YearPrincipalInterestBalance
1$7,123$14,056$312,077
2$7,447$13,732$304,630
3$7,785$13,394$296,845
4$8,138$13,041$288,707
5$8,508$12,671$280,200
6$8,894$12,285$271,306
7$9,298$11,881$262,008
8$9,720$11,459$252,288
9$10,161$11,018$242,127
10$10,623$10,556$231,504
11$11,105$10,074$220,399
12$11,609$9,570$208,790
13$12,136$9,043$196,654
14$12,687$8,492$183,967
15$13,263$7,916$170,703
16$13,866$7,313$156,838
17$14,495$6,684$142,343
18$15,153$6,026$127,189
19$15,841$5,338$111,348
20$16,560$4,618$94,788
21$17,312$3,867$77,475
22$18,098$3,080$59,377
23$18,920$2,259$40,457
24$19,779$1,400$20,677
25$20,677$502$0

At the end of your 5-year term

Total paid over the term
$105,895
Principal paid down
$39,000
Interest paid
$66,894
Balance remaining
$280,200

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$1,700/mo
$20,400Gross 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.

5.1%
Gross yield
− Property tax $2,831− Condo fees $6,843− Insurance $600− Vacancy & upkeep $2,244Net operating income $7,882

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

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