2604-70 Distillery Lane, Toronto, ON

Waterfront Communities C8, Toronto · MLS® C13883588

$539,900
For Sale
Listed 10 days agoNo offer date stated
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1Bedrooms
1Bathrooms
1Garage
500-599Sq ft

About this home

In short

  • Live in the heart of it all.
  • Take advantage of world-class amenities like a seasonal outdoor pool, state-of-the-art exercise room, 24/7 concierge, relaxing sauna/steam room, stylish party room...

Live in the heart of it all! Discover this stunning one-bedroom haven in the iconic Distillery District-the most sought-after neighbourhood in Toronto. This home is all about smart city living, featuring a sleek, modern kitchen with stainless steel appliances and a highly functional, open layout. Wake up and enjoy your morning coffee on the expansive balcony, soaking in panoramic, unobstructed sunrise views. Take advantage of world-class amenities like a seasonal outdoor pool, state-of-the-art exercise room, 24/7 concierge, relaxing sauna/steam room, stylish party room, and guest suites. Your social calendar writes itself with amazing restaurants, unique shops, and lush parks right at your doorstep. Perfect for pet owners and outdoor enthusiasts, with bike trails nearby. Super convenient location directly across from the King Streetcar, with easy highway access to the DVP and Gardiner. With the convenience of an in-suite washer/dryer, plus a parking spot and locker included, every detail is covered. Welcome home! Note some photos are virtually staged.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13883588
Bedrooms
1
Bathrooms
1
Size
500-599 sq ft
Cross streets
Mill St & Cherry St
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$686/mo
Exposure
East
Property tax
$3,066 / 2025
Days on market
10
Listing brokerage
RE/MAX REALTRON REALTY INC.
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 Inglenook Community 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 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.

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 Nelson Mandela Park Public School
47%
Nelson Mandela Park Public SchoolPublic · Elementary · 0.9 km awayBelow the GTA average · 47% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Market Lane Junior and Senior Public School · Public elementary0.5 km · 74% at standard
St Michael Catholic School · Catholic elementary1.0 km · 67% at standard
Downtown Alternative School · Public elementary1.0 km
Lord Dufferin Junior and Senior Public School · Public elementary1.4 km · 55% at standard
Queen Alexandra Middle School · Public elementary1.4 km · 71% at standard
SEED Alternative School · Public secondary1.5 km
Dundas Junior Public School · Public elementary1.5 km · 59% at standard
Sprucecourt Junior Public School · Public elementary1.7 km · 59% at standard
St Michael's Choir (Jr) School · Catholic elementary1.7 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.7 km · 98% at standard
Morse Street Junior Public School · Public elementary1.8 km · 76% at standard
Eastdale Collegiate Institute · Public secondary1.9 km

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

Affordability & Mortgage

Affordability
$2,461/mo
$118KIncome needed
4.6×Price ÷ income
$568Weekly cost
$14,546Land 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.

72%mortgage
Mortgage $2,461Property tax $255Condo fee $686Total carry $3,403

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)
$2,388per month

Mortgage amount $431,920 · 4.49% over 25 years

$107,980Down payment (20.0%)
$431,920Loan before insurance
$0CMHC premium
$3,330Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,388
Property tax
$256
Condo / maintenance fees
$686
Heating
$0
Estimated monthly cost
$3,330

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

One-time closing costs

Ontario land transfer tax
$7,273
Toronto municipal land transfer tax
$7,273
Estimated closing costs
$14,546

Plus your down payment of $107,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,890/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

$284,528Total interest paid
$716,448Total of all payments
Principal $431,920 Interest $284,528
YearPrincipalInterestBalance
1$9,639$19,019$422,281
2$10,076$18,582$412,205
3$10,534$18,124$401,671
4$11,012$17,646$390,659
5$11,512$17,146$379,147
6$12,035$16,623$367,113
7$12,581$16,077$354,532
8$13,152$15,506$341,379
9$13,750$14,908$327,630
10$14,374$14,284$313,256
11$15,026$13,631$298,229
12$15,709$12,949$282,521
13$16,422$12,236$266,099
14$17,168$11,490$248,931
15$17,947$10,711$230,984
16$18,762$9,896$212,222
17$19,614$9,044$192,608
18$20,504$8,154$172,104
19$21,435$7,223$150,669
20$22,409$6,249$128,260
21$23,426$5,232$104,834
22$24,490$4,168$80,345
23$25,602$3,056$54,743
24$26,764$1,894$27,979
25$27,979$679$0

At the end of your 5-year term

Total paid over the term
$143,290
Principal paid down
$52,773
Interest paid
$90,517
Balance remaining
$379,147

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
1.2%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.

3.8%
Gross yield
− Property tax $3,066− Condo fees $8,236− Insurance $600− Vacancy & upkeep $2,244Net operating income $6,254

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

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