1623-525 Adelaide Street, Toronto, ON

Waterfront Communities C1, Toronto · MLS® C14031316

$574,999
For Sale
Listed 6 days agoNo offer date stated
2Bedrooms
2Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Love the energy of King West but still want a quiet place to come home to?
  • This bright 1 bedroom + Den (currently being used as a second bedroom) , 2-bathroom condo delivers the best of both worlds-tucked into a peaceful pocket with park...
  • The smart, functional layout offers no wasted space, with an open-concept living area, quartz countertops, full-size stainless steel appliances, and plenty of room to...
  • The spacious primary bedroom features a private ensuite, while the second bedroom is ideal for guests or a home office.
  • Enjoy parking and a locker, low maintenance fees, and impressive amenities including an indoor pool, gym, party and media rooms, saunas, steam room, and rooftop...

Love the energy of King West but still want a quiet place to come home to? This bright 1 bedroom + Den (currently being used as a second bedroom) , 2-bathroom condo delivers the best of both worlds-tucked into a peaceful pocket with park views, yet just steps from King Street.The smart, functional layout offers no wasted space, with an open-concept living area, quartz countertops, full-size stainless steel appliances, and plenty of room to entertain. The spacious primary bedroom features a private ensuite, while the second bedroom is ideal for guests or a home office.Recent updates include updated lighting (2026), a new kitchen backsplash (2025), Flooring (2025) Paint (2025) , Stove (2024) full-size washer and dryer, mirrored closet doors, and a newer oven.Enjoy parking and a locker, low maintenance fees, and impressive amenities including an indoor pool, gym, party and media rooms, saunas, steam room, and rooftop terrace with BBQs.Steps to some of Toronto's best restaurants, cafes and shops, plus Trinity Bellwoods, the waterfront, transit, and the future Ontario Line. Quiet when you want it, King West when you don't.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C14031316
Bedrooms
2
Bathrooms
2
Size
600-699 sq ft
Cross streets
Adelaide / Bathurst
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick Front
Maintenance
$507/mo
Exposure
East
Property tax
$3,100 / 2026
Days on market
6
Listing brokerage
RIGHT AT HOME REALTY

Rooms

KitchenMain3.94 × 3.04 m

modern kitchen · granite counters · stainless steel appl

Primary BedroomMain3.33 × 2.88 m

laminate · 4 pc ensuite · closet

BedroomMain2.32 × 2.45 m

laminate · closet

Living RoomMain3.24 × 3.02 m

w/o to balcony · laminate

Dining RoomMain3.24 × 3.02 m

combined w/kitchen · laminate

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 City 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 Ryerson Community School
52%
Ryerson Community SchoolPublic · Elementary · 0.7 km awayBelow the GTA average · 52% meet the provincial standard
ALPHA Alternative Junior SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Oasis Alternative Secondary School · Public secondary0.3 km
Niagara Street Junior Public School · Public elementary0.5 km · 82% at standard
Charles G Fraser Junior Public School · Public elementary0.7 km · 74% at standard
Ogden Junior Public School · Public elementary0.7 km · 69% at standard
Bishop Macdonell Catholic School · Catholic elementary0.9 km · 82% at standard
Jean Lumb Public School · Public elementary0.9 km · 73% at standard
The Waterfront School · Public elementary1.1 km · 74% at standard
Heydon Park Secondary School · Public secondary1.2 km · 8% at standard
Givins/Shaw Junior Public School · Public elementary1.3 km · 81% at standard
Kensington Community School School Junior · Public elementary1.3 km · 97% at standard
Beverley School · Public elementary1.3 km
Subway Academy II · Public secondary1.3 km

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

Affordability & Mortgage

Affordability
$2,621/mo
$121KIncome needed
4.7×Price ÷ income
$605Weekly cost
$15,950Land 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.

77%mortgage
Mortgage $2,621Property tax $258Condo fee $507Total carry $3,386

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)
$2,543per month

Mortgage amount $459,999 · 4.49% over 25 years

$115,000Down payment (20.0%)
$459,999Loan before insurance
$0CMHC premium
$3,309Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,543
Property tax
$258
Condo / maintenance fees
$507
Heating
$0
Estimated monthly cost
$3,309

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

One-time closing costs

Ontario land transfer tax
$7,975
Toronto municipal land transfer tax
$7,975
Estimated closing costs
$15,950

Plus your down payment of $115,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,078/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

$303,025Total interest paid
$763,024Total of all payments
Principal $459,999 Interest $303,025
YearPrincipalInterestBalance
1$10,265$20,256$449,734
2$10,731$19,790$439,003
3$11,219$19,302$427,784
4$11,728$18,793$416,056
5$12,260$18,261$403,796
6$12,817$17,704$390,979
7$13,399$17,122$377,580
8$14,007$16,514$363,572
9$14,643$15,878$348,929
10$15,308$15,213$333,621
11$16,003$14,518$317,617
12$16,730$13,791$300,887
13$17,490$13,031$283,398
14$18,284$12,237$265,114
15$19,114$11,407$246,000
16$19,982$10,539$226,019
17$20,889$9,632$205,130
18$21,837$8,684$183,293
19$22,829$7,692$160,464
20$23,865$6,656$136,598
21$24,949$5,572$111,650
22$26,082$4,439$85,568
23$27,266$3,255$58,302
24$28,504$2,017$29,798
25$29,798$723$0

At the end of your 5-year term

Total paid over the term
$152,605
Principal paid down
$56,203
Interest paid
$96,401
Balance remaining
$403,796

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
2.1%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.

4.3%
Gross yield
− Property tax $3,100− Condo fees $6,084− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,110

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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