1307-1 The Esplanade, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13874806

$490,000
For Sale
Listed 12 days agoNo offer date stated
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1+1Bedrooms
1Bathrooms
0Parking
600-699Sq ft

About this home

In short

  • Welcome to sophisticated downtown living.
  • This bright and spacious 1 Bedroom + Den suite features a highly desirable southeast exposure, filling the space with natural light and offering beautiful city views.
  • The functional open-concept layout features a modern kitchen, comfortable living and dining space, and a versatile den ideal for a home office, study or guest area.

Welcome to sophisticated downtown living! This bright and spacious 1 Bedroom + Den suite features a highly desirable southeast exposure, filling the space with natural light and offering beautiful city views. The functional open-concept layout features a modern kitchen, comfortable living and dining space, and a versatile den ideal for a home office, study or guest area. Generous bedroom, stylish finishes and convenient ensuite laundry complete the suite. Enjoy an unbeatable downtown lifestyle just steps to Union Station, St. Lawrence Market, Financial District, waterfront, restaurants, shopping and transit. Easy access to the Gardiner Expressway makes commuting a breeze. Owner will professionally clean before closing for the buyer. some photos are virtually staged.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13874806
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Yonge St/The Esplanade/Front
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$857/mo
Exposure
South East
Property tax
$3,360 / 2026
Days on market
12
Listing brokerage
HOMETON INC

Rooms

Dining RoomMain5.53 × 3.05 m

combined w/living · open concept

KitchenMain3.66 × 3.10 m

stainless steel appl · granite counters · breakfast bar

Primary BedroomMain3.29 × 2.74 m

large closet · sliding doors · 4 pc bath

DenMain2.50 × 2.43 m

Open Concept

Living RoomMain5.53 × 3.05 m

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

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
$565kavg 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 $869/sqft; this home lists at $754/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
490kThis home499k550k560k595k619kThis 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
$529K
Waterfront Communities C1
$610K
Kensington-Chinatown
$585K
North St. James Town
$765K
Niagara
$724K

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 · 1.0 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 (Sr) School · Catholic secondary1.0 km · 98% at standard
St Michael's Choir (Jr) School · Catholic elementary1.1 km · 98% at standard
Contact Alternative School School · Public secondary1.4 km
St Paul Catholic School · Catholic elementary1.6 km · 62% at standard
Ogden Junior Public School · Public elementary1.6 km · 69% at standard
Bishop Macdonell Catholic School · Catholic elementary1.6 km · 82% at standard
Jean Lumb Public School · Public elementary1.7 km · 73% at standard
Oasis Alternative Secondary School · Public secondary1.8 km
ALPHA Alternative Junior School · Public elementary1.8 km
Heydon Park Secondary School · Public secondary1.8 km · 8% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.8 km · 55% at standard
Nelson Mandela Park Public School · Public elementary1.8 km · 47% at standard

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

Affordability & Mortgage

Affordability
$2,233/mo
$114KIncome needed
4.3×Price ÷ income
$515Weekly cost
$12,550Land 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.

66%mortgage
Mortgage $2,233Property tax $280Condo fee $857Total carry $3,370

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)
$2,167per month

Mortgage amount $392,000 · 4.49% over 25 years

$98,000Down payment (20.0%)
$392,000Loan before insurance
$0CMHC premium
$3,304Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,167
Property tax
$280
Condo / maintenance fees
$857
Heating
$0
Estimated monthly cost
$3,304

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

One-time closing costs

Ontario land transfer tax
$6,275
Toronto municipal land transfer tax
$6,275
Estimated closing costs
$12,550

Plus your down payment of $98,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,623/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

$258,231Total interest paid
$650,231Total of all payments
Principal $392,000 Interest $258,231
YearPrincipalInterestBalance
1$8,748$17,261$383,252
2$9,145$16,864$374,107
3$9,560$16,449$364,547
4$9,994$16,015$354,553
5$10,448$15,561$344,105
6$10,922$15,087$333,182
7$11,418$14,591$321,764
8$11,937$14,072$309,827
9$12,479$13,530$297,349
10$13,045$12,964$284,303
11$13,638$12,372$270,666
12$14,257$11,752$256,409
13$14,904$11,105$241,505
14$15,581$10,428$225,924
15$16,288$9,721$209,636
16$17,028$8,981$192,608
17$17,801$8,208$174,807
18$18,609$7,400$156,197
19$19,454$6,555$136,743
20$20,337$5,672$116,406
21$21,261$4,748$95,145
22$22,226$3,783$72,919
23$23,235$2,774$49,683
24$24,290$1,719$25,393
25$25,393$616$0

At the end of your 5-year term

Total paid over the term
$130,046
Principal paid down
$47,895
Interest paid
$82,151
Balance remaining
$344,105

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
1.6%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.

5.0%
Gross yield
− Property tax $3,360− Condo fees $10,284− Insurance $600− Vacancy & upkeep $2,706Net operating income $7,650

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

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