516-60 Tannery Rd
Waterfront Communities C8, Toronto, Ontario M5A 0S8
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $906at the range’s middle
- Tax a year
- $2,7982026 tax year
- Built
- 6-10
- Parking
- 11 underground
- Days on market
- Members
The brief
About 516-60 Tannery Rd
516-60 Tannery Rd is a 1-bedroom, 1-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $498,000 (MLS® C13752324).
Step into a sunlit living and dining space with clean sightlines and effortless flow. The open-concept kitchen keeps you connected - prep dinner, catch your favourite show, and take in the view all at once.Your private balcony is the perfect reset: morning coffee, evening unwind, fresh air above the city.The primary bedroom is smartly designed with wall-to-wall closets that maximize every inch.Outside your door, it only gets better. Run the trails at Corktown Common, stroll the waterfront, work out at the YMCA, grab lunch at Souk Tabule or Impact Kitchen, and wander the Distillery District. With quick access to the Bayview Extension and DVP, commuting is easy.Full-service building with gym, co-working space, party room, 24-hr concierge, pet wash, bike storage, and BBQ area.City 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
Shortfall34/100−$820/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 45 condos with 1 bedroom 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
- $2,798 / 2026
- MLS® number
- C13752324
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 6-10
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Building Age
- 6-10
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Stainless Steel Stove & Hood fan, Stainless Steel Microwave, Built In Fridge & Dishwasher, Front-Load Washer & Dryer
- Condo maint.
- $615
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.96 × 4.87 m | Open Concept, Combined W/Dining, W/O To Balcony | Flat |
| Dining | 3.96 × 4.87 m | Open Concept, Combined W/Living, W/O To Balcony | Flat |
| Living | 3.96 × 4.87 m | Open Concept, Combined W/Dining, W/O To Balcony | Flat |
| Primary | 2.74 × 3.05 m | Closet | Flat |
Listing history
Buy/sell history for 516-60 Tannery Rd, 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 | $498,000 | N/A | For Sale | C13752324 |
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
- $99,600
- Total mortgage amount
- $398,400
- Total interest payment
- $283,200
- Total purchase cost
- $781,200
- Mortgage payment
- $2,272/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
49%Monthly carrying cost
$3,120- Rent $2,300
- Shortfall $820
Rental income opens at $2,300, the median asking rent of 45 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
- $6,435
- Toronto municipal land transfer tax
- $6,435
- Total land transfer tax
- $12,870
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $4,395
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 $498,000
- $1,960
- Ontario total
- $6,435
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,435.
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m132 test or monitoring holes also recorded.250 m
- Groundwater recorded about 2.1 m below ground nearbyThe middle water level in the well records within 500 m (740 records). It changes with the season and from spot to spot.500 m
- Bedrock about 28.7 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 14 building permits issued within 250 m in the last 2 years250 m
- 10 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 3.6 km3.6 km
- Mapped parcel: about 15,090 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 260 m260 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — Eastern And Booth Blocks, 880 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
169 EASTERN AVESite planUnder Review
Proposal for three buildings based on an approved Municipal Zoning Order. A total of 997 dwelling units, including 282 affordable rental dwelling units (approximately 28% of the total), a 955 square metre community space and 505 square metres of retail space are proposed. Building A (at the central northern part of the site) is a 34-storey tower with retail space on the ground floor and 314 dwelling units above. Building B (at the central southern part of the site) is a 31-storey tower with the existing machine shop building conserved and integrated into the base of the tower. Building B includes retail space and a community space on the ground floor and 282 affordable rental dwelling units above. Building C (at the northeastern corner of the site) is a 43-storey residential tower that includes 401 dwelling units. The existing cleaning room building at the northwestern corner of the site is proposed to be conserved, with the potential to include non-residential uses, but is not currently identified as part of the proposed development. The MZO is available at https://www.ontario.ca/laws/regulation/200595
90 m away171 EASTERN AVESite planUnder Review
Proposal for three buildings based on an approved Municipal Zoning Order. A total of 997 dwelling units, including 282 affordable rental dwelling units (approximately 28% of the total), a 955 square metre community space and 505 square metres of retail space are proposed. Building A (at the central northern part of the site) is a 34-storey tower with retail space on the ground floor and 314 dwelling units above. Building B (at the central southern part of the site) is a 31-storey tower with the existing machine shop building conserved and integrated into the base of the tower. Building B includes retail space and a community space on the ground floor and 282 affordable rental dwelling units above. Building C (at the northeastern corner of the site) is a 43-storey residential tower that includes 401 dwelling units. The existing cleaning room building at the northwestern corner of the site is proposed to be conserved, with the potential to include non-residential uses, but is not currently identified as part of the proposed development. The MZO is available at https://www.ontario.ca/laws/regulation/200595
100 m away153 EASTERN AVESite planUnder Review
Proposal for three buildings based on an approved Municipal Zoning Order. A total of 997 dwelling units, including 282 affordable rental dwelling units (approximately 28% of the total), a 955 square metre community space and 505 square metres of retail space are proposed. Building A (at the central northern part of the site) is a 34-storey tower with retail space on the ground floor and 314 dwelling units above. Building B (at the central southern part of the site) is a 31-storey tower with the existing machine shop building conserved and integrated into the base of the tower. Building B includes retail space and a community space on the ground floor and 282 affordable rental dwelling units above. Building C (at the northeastern corner of the site) is a 43-storey residential tower that includes 401 dwelling units. The existing cleaning room building at the northwestern corner of the site is proposed to be conserved, with the potential to include non-residential uses, but is not currently identified as part of the proposed development. The MZO is available at https://www.ontario.ca/laws/regulation/200595
100 m away495 FRONT ST EOfficial plan or zoning amendmentUnder Review
Zoning By-law Amendment application for a mixed use building ranging in height from 7 to 13-storeys, with a 31-storey tower located at the south-west corner of the site. The proposed development includes 859 dwelling units, 963 square metres of commercial uses, 279 parking spaces, and 898 bicycle parking spaces. This site is Block 13 in the West Don Lands.
110 m away495 FRONT ST ESite planUnder Review
Site Plan Control application for a mixed use building ranging in height from 7 to 13-storeys, with a 31-storey tower located at the south-west corner of the site. The proposed development includes 859 dwelling units, 963 square metres of commercial uses, 279 parking spaces, and 898 bicycle parking spaces. This site is Block 13 in the West Don Lands.
110 m away185 EASTERN AVESite planUnder Review
Proposal for three buildings based on an approved Municipal Zoning Order. A total of 997 dwelling units, including 282 affordable rental dwelling units (approximately 28% of the total), a 955 square metre community space and 505 square metres of retail space are proposed. Building A (at the central northern part of the site) is a 34-storey tower with retail space on the ground floor and 314 dwelling units above. Building B (at the central southern part of the site) is a 31-storey tower with the existing machine shop building conserved and integrated into the base of the tower. Building B includes retail space and a community space on the ground floor and 282 affordable rental dwelling units above. Building C (at the northeastern corner of the site) is a 43-storey residential tower that includes 401 dwelling units. The existing cleaning room building at the northwestern corner of the site is proposed to be conserved, with the potential to include non-residential uses, but is not currently identified as part of the proposed development. The MZO is available at https://www.ontario.ca/laws/regulation/200595
110 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 15% below the median, lower than three quarters of them.
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 |
|---|---|---|
| King Station | TTC subway: Line 1 Yonge-University | 1.9 km |
| Queen Station | TTC subway: Line 1 Yonge-University | 2 km |
| TMU Station | TTC subway: Line 1 Yonge-University | 2.1 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 2.2 km |
| College Station | TTC subway: Line 1 Yonge-University | 2.4 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 Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 550 m | 72%Grade 6 average |
| Nelson Mandela Park Public SchoolToronto DSB | Public · grades JK–8 | 650 m | 56%Grade 6 average |
| Market Lane Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 850 m | 78%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 350 m | — |
| Eastdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.5 km | — |
| St Martin Catholic School (St.Martin)Toronto CDSB | Catholic · grades 9–12 | 1.7 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2 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
Similar Active Listings
Recently sold nearby
Sold prices in Waterfront Communities C8 are shown to signed-in members.