3009-36 Zorra Street, Toronto, ON

Islington-City Centre West, Toronto · MLS® W13225394

$695,000
For Sale
Listed 52 days ago
3Bedrooms
2Bathrooms
1Garage
800-899Sq Ft

About this home

Luxury condo in the sky! Enjoy truly unobstructed panoramic views of Lake Ontario. This 30th floor corner unit spans over 800 sq ft, with a 300 sq ft wrap-around balcony. 36 Zorra offers unparalleled amenities with a 9500 sq ft amenity floor - gym, arcade, kitchen, rec room, outdoor space with BBQs, outdoor pool with cabanas & fire pits. Conveniently located in the Queensway neighbourhood - walkability, proximity to shops, restaurants, Sherway Gardens, and transit accessibility (with private resident shuttle to Kipling subway station).

Key facts

Property type
Condo Apartment, 1 Storey/Apt
MLS®
W13225394
Bedrooms
3 (2 + 1)
Bathrooms
2
Size
800-899
Cross streets
Islington Ave & The Queensway
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Other
Maintenance
$633/mo
Exposure
South West
Property tax
$3,506 / 2025
Days on market
52
Listing brokerage
RE/MAX PROFESSIONALS INC.

Rooms

Primary BedroomFlat2.73 × 2.84 m

ensuite bath · window floor to ceiling · large closet

Bedroom 2Flat2.79 × 2.51 m

window floor to ceiling · large closet · hardwood floor

Living RoomFlat4.19 × 4.67 m

w/o to balcony · window floor to ceiling · combined w/kitchen

KitchenFlat4.19 × 4.67 m

b/i appliances · stone counters · combined w/living

DenFlat2.26 × 2.62 m

open concept · hardwood floor · overlooks dining

Our TakeTeam Asgarian · Broker
Above comparables
$587Kest. value

Listed at $695,000, and my independent estimate is about 18% above what comparable homes suggest.

In Islington-City Centre West lately, sellers get about 96% of asking; homes sell in ~34 days.

List price
$580KGreat deal$695KOverpriced

Total price vs nearby homes. Fair value about $587K, median of 6 comparables.

How this estimate is builtthe short version

I take the 6 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.

It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $624K, a close match.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Schools & getting aroundcatchment and transit

Its public catchment (Castlebar Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Islington-City Centre West, so I widened the search to the surrounding area.

Based on 6 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby · asking prices
$456kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

219-2799 Kingston Road$569k907-10 Stonehill Court$450k1006-100 Dundalk Drive$350k

The 3 closest active listings nearby.

See all comparable homes
695kThis home569k450k350kThis home vs active comparables
Live market pulseActive comparables in Islington-City Centre West · median list $595K
$818this home / sqft
68active listings nearby
52days on market
95sold nearby · 90 days
$529Kmedian sold price
96%of asking, on average

This home lists 13% above the area average of $722/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Islington-City Centre West, 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.

Mimico
$563K
Niagara
$575K
Waterfront Communities C1
$574K
Annex
$862K
Bay Street Corridor
$556K

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 Castlebar Junior School
82%
Castlebar Junior SchoolPublic · Elementary · 1.4 km awayAbove the GTA average · 82% meet the provincial standard

Affordability & Mortgage

Affordability
$3,168/mo
$145KIncome needed
4.8×Price ÷ income
$731Weekly cost
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 $3,168Property tax $292Condo fee $633Total carry $4,093

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%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,967per month

Mortgage amount $556,000 · 4.14% over 25 years

$139,000Down payment (20.0%)
$556,000Loan before insurance
$0CMHC premium
$3,892Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,967
Property tax
$292
Condo / maintenance fees
$633
Heating
$0
Estimated monthly cost
$3,892

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

One-time closing costs

Ontario land transfer tax
$10,375
Toronto municipal land transfer tax
$10,375
Estimated closing costs
$20,750

Plus your down payment of $139,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,604/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

$334,107Total interest paid
$890,107Total of all payments
Principal $556,000 Interest $334,107
YearPrincipalInterestBalance
1$13,025$22,579$542,975
2$13,570$22,034$529,405
3$14,138$21,467$515,267
4$14,729$20,875$500,538
5$15,345$20,259$485,193
6$15,987$19,617$469,206
7$16,656$18,949$452,551
8$17,352$18,252$435,198
9$18,078$17,526$417,120
10$18,834$16,770$398,286
11$19,622$15,982$378,664
12$20,443$15,161$358,221
13$21,298$14,306$336,923
14$22,189$13,415$314,734
15$23,117$12,487$291,617
16$24,084$11,520$267,534
17$25,091$10,513$242,442
18$26,141$9,463$216,301
19$27,234$8,370$189,067
20$28,373$7,231$160,694
21$29,560$6,044$131,134
22$30,797$4,808$100,337
23$32,085$3,519$68,252
24$33,427$2,177$34,825
25$34,825$779$0

At the end of your 5-year term

Total paid over the term
$178,021
Principal paid down
$70,807
Interest paid
$107,215
Balance remaining
$485,193

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$2,700/mo
$32,400Gross annual rent
2.5%Est. cap rate

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.

4.7%
Gross yield
− Property tax $3,506− Condo fees $7,598− Insurance $600− Vacancy & upkeep $3,564Net operating income $17,132

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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