138 Downes Street, Toronto, ON

$548,000
MLS#:C13506980
1 beds
1 baths
500-599 sqft
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C8. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $548,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 500-599 sqft
  • 0.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Separate Hydro Meter
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Sugar Wharf Condo By Menkes Development. Waterfront Downtown Toronto. Corner Unit with huge189 sq.ft. balcony overlooking the skyline, with both city & lake view. Spacious Layout With No Wasted Space. Condo fee including Unity gym membership & Bell Gigabit Fibe internet! Full-Sized Washer & Dryer & Well-Maintenance unit. Sugar Wharf Residents enjoy amazing amenities Include Fitness Center With Aerobics Studio, Spinning Room & Basketball Court, Indoor Pool, Meeting Rooms, Party Room, Kids Party Room, Lego Room, 3 Separate Theatres, Indoor Hammock Lounge, Guest Suites plus Outdoor Terrace With BBQ & Dining Areas. Steps away from Farm Boy, Loblaws, LCBO, Shoppers, Restaurants, Sugar Beach, 2-acre park, and new George Brown & OCAD campuses. Union Station, St Lawrence Market, Financial District all 10-12minutes by foot. Direct Access To PATH Network! 93 Walk Score, 100 Transit Score & 94 Bike Score!

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Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
500-599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date6/30/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionOther
BasementNone
CountyToronto
Annual Tax$2,654

Parking & Garage

Parking Spaces0.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Park, Public Transit, Waterfront

Interior Features

Separate Hydro Meter

Security Features

Carbon Monoxide Detectors, Concierge/Security, Security System, Smoke Detector

Community Features

Location

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138 Downes Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 138 Downes Street 3215, Toronto, ON M2E 0E4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$29,800 (5.4%)
* Minimum Canadian down payment required for this price is $29,800.
Amortization Period25 Years
Estimated Monthly Payment$3,088Based on a loan of $518,200 over 25 years.
Purchase Price$548,000
Loan Amount$518,200
Provincial Land Transfer Tax:$7,435
Toronto Municipal Land Transfer Tax:$7,435
Total Estimated Closing Taxes:$14,870

About Purchasing a Home in Toronto, ON

For a property listed at $548,000 in Toronto, the legal minimum down payment is $29,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,435 also applies, bringing the total estimated land transfer taxes to $14,870.

Nearby Listings

Distance:

No current listings found in Toronto.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterfront Communities C8, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$762,548

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Market Lane
Public246 The Esplanade, Toronto, Ontario, M5A 4J6
5.1
Downtown Alternative
Public85 Lower Jarvis Street, Toronto, Ontario, M5E 1R8
8.0
Brown
Public3 Lower Jarvis Street, Toronto, Ontario, M5E 1Z2
7.0
Gabrielle-Roy
Public14 Pembroke Street, Toronto, Ontario, M5A 2N7
8.9
Nelson Mandela Park
Public440 Shuter Street, Toronto, Ontario, M5A 1X6
1.6

Secondary Schools

Collège Français
Public100 Carlton Street, Toronto, Ontario, M5B 1M3
9.0
Jarvis
Public495 Jarvis Street, Toronto, Ontario, M4Y 2G8
4.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.