5306-138 Downes St
Waterfront Communities C8, Toronto, Ontario M5E 0E4
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,000–1,199sq ft
- Per sq ft
- $1,319at the range’s middle
- Tax a year
- $7,4502026 tax year
- Built
- 0-5
- Parking
- 11 underground
- Days on market
- Members
The brief
About 5306-138 Downes St
5306-138 Downes St is a 3-bedroom, 3-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $1,450,000 (MLS® C13694280).
Sugar Wharf Luxury Condo by Menkes! Beautiful Corner Unit With Excellent South/East Water View, Marina Model 1,011 Sq. Ft. + 393 Sq. Ft Balcony (1,401 Sq. Ft.) Bright & Spacious Open Concept 3 Bedrooms Plus 3 Bathrooms. 1 Parking & 1 Locker , Internet included in the Maint. Fee. Step Away from Sugar Beach, Shops, Restaurant, Farm Boy, Loblaws, LCBO , Walking Distance to George Brown College, St. Lawrence Market, Union Station, CN Tower, Close To Gardiner /QEW. Direct Access To Future Park & Schools. Live in the Largest Toronto Water Front Community.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall8/100−$4,357/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 26 condos with 3 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
- $7,450 / 2026
- MLS® number
- C13694280
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Flat, 2 × 3pc 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 Appliances, Fridge, Stove, Micro-wave, Washer & Dryer, Vertical Blinds, One Parking & One Locker
- Condo maint.
- $1,220
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 3.96 × 6.04 m | Laminate, W/O To Balcony, Overlook Water | Flat |
| Dining | 3.96 × 6.04 m | Laminate, Combined W/Living, Overlook Water | Flat |
| Kitchen | 3.96 × 6.04 m | Modern Kitchen, Stainless Steel Appl, Combined W/Living | Flat |
| Primary | 2.74 × 3.07 m | Laminate, 4 Pc Ensuite, Large Closet | Flat |
| 2nd Br | 2.82 × 2.86 m | 3 Pc Ensuite, Closet, Laminate | Flat |
| 3rd Br | 1.0 × 3.32 m | 3 Pc Bath, Closet, Laminate | Flat |
Listing history
Buy/sell history for 5306-138 Downes 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 | $1,450,000 | N/A | Pc | C13694280 |
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
- $290,000
- Total mortgage amount
- $1,160,000
- Total interest payment
- $824,800
- Total purchase cost
- $2,274,800
- Mortgage payment
- $6,616/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
73%Monthly carrying cost
$8,457- Rent $4,100
- Shortfall $4,357
Rental income opens at $4,100, the median asking rent of 26 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
- $25,475
- Toronto municipal land transfer tax
- $25,475
- Total land transfer tax
- $50,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $42,475
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 $1,450,000
- $21,000
- Ontario total
- $25,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $25,475.
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
Zoning
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.
95 LAKE SHORE BLVD ESite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing units.
70 m away15 COOPER STSite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing units.
90 m away2 COOPER STSite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing units.
150 m away55 LAKE SHORE BLVD ESite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing units.
170 m away33 FREELAND STSite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing units.
200 m away43 FREELAND STSite planUnder Review
Site Plan Approval application to facilitate the development of Block 4 of the former LCBO lands, part of the comprehensively planned Lower Yonge Precinct. Blocks 1 and 2 of the LCBO lands are already under development, and Block 3 has been conveyed as a City Park. The proposal is comprised of 3 towers having heights of 70, 78, and 85 storeys atop individual mixed-use podiums. The north building includes a 990 m² daycare and space for a 5,613 m² elementary public school, both to be located in the existing heritage building on site. A total of 1,753 m² of non-residential floor area is proposed as well as 171,950 m² of residential GFA, resulting in 2,570 residential units including 178 affordable housing 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 147% above the median, higher 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 |
|---|---|---|
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 700 m |
| King Station | TTC subway: Line 1 Yonge-University | 750 m |
| Queen Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.5 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 | 400 m | 65%Grade 6 average |
| Market Lane Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 800 m | 78%Grade 6 average |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 1.3 km | 99%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 |
|---|---|---|---|
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.3 km | 96%Grade 9 math |
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 1.4 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.1 km | 86%Grade 9 math |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 2.2 km | 8%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.