506-8 The Esplanade St
Waterfront Communities C8, Toronto, Ontario M5E 0A6
- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $845at the range’s middle
- Tax a year
- $3,3002025 tax year
- Built
- 6-10
- Parking
- 0underground
- Days on market
- Members
The brief
About 506-8 The Esplanade St
506-8 The Esplanade St is a 1+1-bedroom, 1-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $549,000 (MLS® C13720704).
Downtown Living at Its Finest in the Iconic L Tower! Rarely offered corner 1 Bedroom + Den suite featuring 663 sq. ft. of beautifully designed living space, spectacular northwest city views and an abundance of natural light through expansive floor-to-ceiling windows. With 9-ft smooth ceilings and a sleek, sophisticated interior, this suite delivers the perfect combination of luxury, functionality and location.The contemporary kitchen impresses with premium Miele stainless steel appliances, granite countertops, stylish backsplash, undermount lighting and pot lights, opening seamlessly into the living space for effortless entertaining. The generous den is a true bonus, offering the flexibility of a second bedroom, private home office or elegant dining area.Complete with in-suite stacked laundry and a locker, plus access to outstanding amenities and 24-hour concierge service.And the location? Simply unbeatable. Steps to Union Station, the Financial District, St. Lawrence Market, the waterfront, PATH, transit, dining and entertainment. Live, work and experience Toronto from one of the city's most recognizable architectural landmarks. Perfect for end-users and investors alike-this is downtown living done right!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall45/100−$525/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 83 condos with 2 bedrooms for lease in Waterfront Communities C8 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,300 / 2025
- MLS® number
- C13720704
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 6-10
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Building Age
- 6-10
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Dishwasher, Washer, Dryer
- Condo maint.
- $645
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.2 × 5.48 m | Laminate, Combined W/Dining | Flat |
| Dining | 3.2 × 5.48 m | Laminate, Combined W/Dining, Open Concept | Flat |
| Kitchen | 2.16 × 3.28 m | Laminate, Open Concept, B/I Appliances | Flat |
| Primary | 2.9 × 3.05 m | Laminate, Large Window | Flat |
| Den | 2.8 × 3.12 m | Laminate, Large Window | Flat |
Listing history
Buy/sell history for 506-8 The Esplanade St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $549,000 | N/A | For Sale | C13720704 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $109,800
- Total mortgage amount
- $439,200
- Total interest payment
- $312,300
- Total purchase cost
- $861,300
- Mortgage payment
- $2,505/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
37%Monthly carrying cost
$3,425- Rent $2,900
- Shortfall $525
Rental income opens at $2,900, the median asking rent of 83 comparable homes for lease in Waterfront Communities C8. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $7,455
- Toronto municipal land transfer tax
- $7,455
- Total land transfer tax
- $14,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $6,435
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,000
- $2,980
- Ontario total
- $7,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
10 building permits cleared at this address in the City’s file.
Garage Repair/ReconstructionPermit Issued
Demolition and structural repairs to building mechanical room slab at level61 wwi damaged by crane counterweights.
Issued February 24, 2023
Re-Roofing/Re-CladdingPermit Issued
Proposal to dismantle collapsed counter weight and relocate counter weights to BMU slab within the roof area in the existing apartment building.
Issued May 27, 2022
Other(BA)Cancelled
Proposal to install a 2 hour fire rated door equipped with fire exit push bar and fire-rated hinges and hardware. ( Related to Base permit # 13-135016 )
Completed July 14, 2022
Alternative SolutionApproved
To address the use of single stage manual pull stations, in a two stage fire alarm system
Completed November 30, 2017
Multiple ProjectsClosed
Proposal to construct a 61 sty (including mech) condo tower with 3 levels of below ground parking in conjunction with existing performing arts centre. "Sony Centre for the Performing Arts". New address - 8 The Esplanade.
Issued July 21, 2016
Building Permit Related(MS)Closed
HVAC Revision - Mechanical pethouse - level 57/58.
Issued December 4, 2014
Building Permit Related(PS)Closed
Revision to layout of penthouse suite on levels 57 and 58.
Issued December 4, 2014
SprinklersClosed
Sprinkler permit in conjunction with 10 101476 BLD.
Issued November 18, 2014
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
20 FRONT ST WSite planOMB Appeal
Site Plan application for a 40-storey mixed-use building that would integrate the existing designated heritage building into the base of the tower and would contain approximately 625 square metres of retail space on the ground floor and 480 rental dwelling units above (including 16 affordable units).
120 m away1 FRONT ST WSite planUnder Review
Site Plan Control applicaiton to permit two towers on top of the existing heritage designated Dominion Public Building. A total gross floor area (GFA) of 89,058 square metres is proposed, consisting of 408 residential units, 253 hotel rooms, 5,082 square metres of retail and 36,022 square metres of office.
130 m away22 FRONT ST WSite planOMB Appeal
Site Plan application for a 40-storey mixed-use building that would integrate the existing designated heritage building into the base of the tower and would contain approximately 625 square metres of retail space on the ground floor and 480 rental dwelling units above (including 16 affordable units).
150 m away141 BAY STSite planUnder Review
Site Plan Control applicaiton to permit two towers on top of the existing heritage designated Dominion Public Building. A total gross floor area (GFA) of 89,058 square metres is proposed, consisting of 408 residential units, 253 hotel rooms, 5,082 square metres of retail and 36,022 square metres of office.
150 m away49 YONGE STSite planUnder Review
Site Plan application to permit a 60-storey mixed-use building with 1,757 square metres of non-residential gross floor area on the first five storeys and 256 dwelling units above. Portions of the south and west facades of the existing designated heritage building would be integrated into the development.
200 m away49 YONGE STCondominiumUnder Review
*** 258 units.
200 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C8 right now
- For sale now
- 190
- Median asking price
- $587K
- New in 7 days
- 24
- Price cuts
- 20%
Middle half: $500K to $800K
77 in 28 days
38 listings
This home is asking 6% below the median.
See all homes in Waterfront Communities C8Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 300 m |
| King Station | TTC subway: Line 1 Yonge-University | 350 m |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 700 m |
| Queen Station | TTC subway: Line 1 Yonge-University | 750 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Michael Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 550 m | 65%Grade 6 average |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 1 km | 99%Grade 6 average |
| Market Lane Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 1 km | 78%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.2 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1 km | 96%Grade 9 math |
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 1.6 km | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.8 km | 8%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.8 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C8 are shown to signed-in members.