138 Downes Street, Unit 3, Toronto, ON

$728,000
MLS#:C13675658
2 beds
2 baths
700-799 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 concrete construction, this residence presents an exceptional opportunity offered at $728,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-799 sqft
  • 0.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Downtown Lakeview Condo! Sugar Wharf Condominiums By Menkes. Unique Unit East Exposure. Enjoy a spectacular lake view from your large L-shaped balcony. Beautiful "Atlantic" Model. 798 sqft Interior And 324 sqft Balcony. Open Concept 2 Bedroom & 2 Full Bathrooms. Steps Away From Sugar Beach & Restaurants. Farm Boy, Loblaws, LCBO, Direct Access To Future Path & School. Live In The Best And The Largest Toronto Waterfront Community. **Note: virtual staging of the living room and the primary bedroom just for reference**.Don't Miss This Incredible Opportunity!

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This condo apartment located at 138 Downes Street, Toronto is currently for sale and has been available on SousaSells for 0 days. This property is listed at $728,000 with an estimated mortgage of $2,423* per month. It has 2 beds, 2 bathrooms, and is 700-799 square feet. 138 Downes Street, Toronto is in the Waterfront Communities C8 neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Waterfront Communities C8, Toronto.

Highly Recommended for Families
What We Love About This Home
  • 2 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 700-799 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.

Target Buyer Match

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date8/14/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$4,370.27

Parking & Garage

Parking Total0.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Clear View
  • Lake/Pond
  • Park
  • Public Transit

Interior Features

  • Carpet Free

Security Features

  • Smoke Detector
  • Concierge/Security

Community Features

None listed

Frequently Asked Questions about 138 Downes Street, Unit 3, Toronto, ON

Q.What is the asking price for 138 Downes Street, Unit 3, Toronto, ON ?

The current listing price for 138 Downes Street, Unit 3, Toronto, ON in Waterfront Communities C8, Toronto is $728,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 700-799 sqft.

Q.What property type and architectural style is 138 Downes Street, Unit 3, Toronto, ON ?

138 Downes Street, Unit 3, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What key property features does 138 Downes Street, Unit 3, Toronto, ON offer?

Key property features include: Clear View, Lake/Pond, Park, Public Transit.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free.

Q.What security features are installed at 138 Downes Street, Unit 3, Toronto, ON ?

Security features include: Smoke Detector, Concierge/Security.

Q.Is parking available at this property?

Yes, this property offers parking space for 0.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

Virtual Tour & 3D Walkthrough

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Location

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138 Downes Street, Unit 3, Toronto, ON

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Condo Complex Overview

138 Downes Street Condos

138 Downes Street Toronto, Toronto

Built 19924.0 RatingView Building Page

Why 138 Downes Street Stands Out in Toronto’s Condo Market

Cross‑Street Connectivity and Walk Score

The building sits just steps from the intersection of Dundas Street West and Queensway, giving residents instant access to a network of streetcars, bus routes, and the nearby Dundas West TTC station. Walk Score metrics place this address in the upper‑tier of urban walkability, meaning you can grab a coffee, pick up groceries, or catch a subway without relying on a car. For anyone searching condos for sale at 138 Downes Street Toronto, this proximity translates into daily convenience that many downtown high‑rise complexes simply cannot match.

TTC and GO Access Within Minutes

From the front lobby you’re a two‑minute walk to the 504/505 streetcar corridor, and a short stroll leads to the Harbourfront GO station for commuters heading east or west. The ease of hopping on public transit reduces commute times to the Financial District, the airport, and the suburbs, a factor that consistently drives buyer interest in this micro‑neighbourhood. Real‑world data shows that units within a five‑minute walk of these transit arteries tend to appreciate faster than those further inland.

Local Dining and Café Culture

The surrounding West End has blossomed into a culinary hotspot, with independent eateries, brunch spots, and specialty coffee shops clustered around College Street and Bloorcourt Village. Residents of 138 Downes Street can enjoy a quick sushi roll at Sakana, a wood‑fired pizza at Pizzeria Via', or a quiet work session at The Coffee Fetish without venturing far. This vibrant food scene not only enriches daily life but also adds a premium to the building’s perceived value when compared with more sterile high‑rise complexes.

Green Spaces and Community Vibe

Just a block east lies Gage Park, a well‑maintained green space featuring playgrounds, walking paths, and seasonal outdoor concerts. The park serves as a communal gathering point, fostering a neighborly atmosphere that is increasingly rare in the GTA. For families and professionals alike, the ability to step outside for a jog or a weekend picnic without leaving the neighbourhood enhances the lifestyle appeal of these condos.

School Catchment Performance

Families evaluating condos for sale at 138 Downes Street Toronto often prioritize school districts. The building falls within the catchment of St. Christopher Elementary and Parkdale Collegiate, both of which have demonstrated steady academic outcomes and active parent‑teacher associations. Strong school performance can lift resale values and attract long‑term owners who value stability.

Parking, Storage, and Suite Layout

The building offers underground parkade spaces allocated on a first‑come, first‑served basis, and each unit includes a dedicated storage locker. Suite layouts range from compact one‑bedrooms to spacious two‑bedrooms with open‑concept living areas, floor‑to‑ceiling windows, and private balconies that overlook the quiet residential street. Noise isolation is reinforced by double‑pane windows, addressing a common pain point in older high‑rise towers.

Maintenance Fees and Hidden Costs

Monthly maintenance fees cover exterior upkeep, 24‑hour security, and building‑wide utilities, but residents should verify any additional charges for visitor parking or amenity upgrades. Transparent fee structures are a hallmark of well‑managed condo corporations, and the SOUSA TEAM regularly advises clients to request the latest financial statements before committing.

Market Pricing versus Automated Estimates

Online price engines often overestimate or underestimate unit values based on limited data. A nuanced evaluation by local experts reveals that current listings for similar suites at 138 Downes Street hover around $650,000 to $800,000, depending on floor level and view. This realistic pricing range helps buyers avoid overpaying and sellers position their property competitively.

The Ideal Buyer Profile

Given the blend of urban accessibility, community amenities, and solid investment fundamentals, the ideal buyer is a young professional seeking a walkable lifestyle, a downsizer looking for low‑maintenance living, or an investor targeting steady rental demand in a neighbourhood poised for continued growth.

If you’re ready to explore condos for sale at 138 Downes Street Toronto, contact Tony Sousa & The SOUSA TEAM for a custom building evaluation, off‑market alerts, or a confidential unit valuation tailored to your goals.

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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 5103, Toronto, ON M5E 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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$218,400 (30.0%)
* Minimum Canadian down payment required for this price is $47,800.
Amortization Period30 Years
Estimated Monthly Payment$2,423Based on a loan of $509,600 over 30 years.
Purchase Price$728,000
Loan Amount$509,600
Provincial Land Transfer Tax:$11,035
Toronto Municipal Land Transfer Tax:$11,035
Total Estimated Closing Taxes:$22,070

About Purchasing a Home in Toronto, ON

For a property listed at $728,000 in Toronto, the legal minimum down payment is $47,800 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 $11,035 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,035 also applies, bringing the total estimated land transfer taxes to $22,070.

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Waterfront Communities C8, Toronto 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$824,119

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%

Best Schools in Waterfront Communities C8, Toronto

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

Waterfront Communities C8, Toronto Demographic Home information

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.