1203-87 Peter St
Waterfront Communities C1, Toronto, Ontario M5V 0P1
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $855at the range’s middle
- Tax a year
- $2,7012026 tax year
- Parking
- 0underground
- Days on market
- Members
The brief
About 1203-87 Peter St
1203-87 Peter St is a 2-bedroom, 1-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $555,000 (MLS® C13785580).
Welcome to Suite 1203 at 87 Peter Street, a bright and efficiently designed 2-bedroom, 1-bath condo in the heart of Toronto's vibrant Entertainment District. Featuring a modern open-concept layout, this suite offers sleek finishes, wide-plank flooring, and floor-to-ceiling windows that fill the space with natural light and showcase city views.The contemporary kitchen flows seamlessly into the living and dining areas, creating a functional space ideal for everyday living and entertaining. Both bedrooms are well-proportioned, with flexibility for guests, a home office, or additional living space.A rare and highly convenient feature is the locker located on the same floor as the unit, offering easy everyday access. Residents enjoy premium amenities including a fitness centre, party room, concierge, and a pet spa on the main floor - perfect for pet owners.Steps to King West, Queen West, transit, dining, nightlife, and the Financial District , experience the best of downtown living.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even52/100−$269/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 288 condos with 2 bedrooms for lease in Waterfront Communities C1 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
- $2,701 / 2026
- MLS® number
- C13785580
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- 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 C1
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- 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, microwave, hoodvent, washer/dryer, light fixtures, window coverings.
- Condo maint.
- $511
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 2.4 × 3.4 m | Combined W/Kitchen, Open Concept, Laminate | Main |
| Primary | 2.4 × 3.7 m | Window, Double Closet, Laminate | Main |
| Kitchen | 2.4 × 3.4 m | Combined W/Dining, Stainless Steel Appl | Main |
| 2nd Br | 2.7 × 3.1 m | Window, Closet, Laminate | Main |
| Living | 2.5 × 2.6 m | South View, Window Flr to Ceil, Laminate | Main |
Listing history
Buy/sell history for 1203-87 Peter 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 | $555,000 | N/A | For Sale | C13785580 |
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
- $111,000
- Total mortgage amount
- $444,000
- Total interest payment
- $315,900
- Total purchase cost
- $870,900
- Mortgage payment
- $2,533/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
28%Monthly carrying cost
$3,269- Rent $3,000
- Shortfall $269
Rental income opens at $3,000, the median asking rent of 288 comparable homes for lease in Waterfront Communities C1. 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
- $7,575
- Toronto municipal land transfer tax
- $7,575
- Total land transfer tax
- $15,150
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $6,675
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 $555,000
- $3,100
- Ontario total
- $7,575
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,575.
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
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City 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
Zone
CRE (x74)By-law
569-2013Municipality
Toronto1 x74
Site-specific exception 74: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(74)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
18 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Permit Issued
HVAC - Proposed interior alteration to convert the existing retail store to a sushi restaurant with 30 seats. (143.10 sq m)
Issued April 2, 2026
Interior AlterationsInspection
Proposed interior alteration to convert the existing retail store to a sushi restaurant with 30 seats. (143.10 sq m)
Issued April 2, 2026
Building Permit Related(PS)Permit Issued
Plumbing - Proposed interior alteration to convert the existing retail store to a sushi restaurant with 30 seats. (143.10 sq m)
Issued April 2, 2026
Sign Building Permit RelatedClosed
To erect and display two overhanging structure signs erected on the west elevation and one wall sign erected on the north elevation of the building. All illuminated, static copies and erected at the first storey of the building.**PENGUIN PICK UP**
Issued August 13, 2019
Interior AlterationsClosed
Proposal for interior alterations to the ground floor for new retail store "Penguin Pick Up"
Issued April 24, 2019
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations to the ground floor for new retail store "Penguin Pick Up"
Issued April 24, 2019
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations to the ground floor for new retail store "Penguin Pick Up"
Issued April 24, 2019
Electromagnetic LocksClosed
Proposal to install 4 mage locks (1 - ground floor and 3 - 5th floor) withing mixed use building.
Issued September 19, 2018
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.
111 PETER STSite planUnder Review
Site Plan Approval for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852 residential units, 24 of which will be affordable rentals, while maintaining the existing office building.
90 m away41 WIDMER STPlan of subdivisionUnder Review
120 m away41 WIDMER STOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment application to permit a mixed-use development including two buildings, 37 and 42 storeys in height (131.0 metres and 145.2 metres, respectively, including mechanical penthouses). Proposed uses include two levels of retail, seven levels of office space, a daycare, the replacement of the existing movie theatre, an on-site publicly accessible privately owned open space and 693 residential units. The total gross floor area proposed is 80,334m2, consisting of 49,983m2 of residential floor area, and 30,351m2 of non-residential floor area. Two levels of below grade parking are proposed with 231 vehicle and 829 bicycle parking spaces. (Enacted as by-law 949-2022. Third-party appeal received.)
120 m away59 WIDMER STPlan of subdivisionUnder Review
150 m away59 WIDMER STOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment application to permit a mixed-use development including two buildings, 37 and 42 storeys in height (131.0 metres and 145.2 metres, respectively, including mechanical penthouses). Proposed uses include two levels of retail, seven levels of office space, a daycare, the replacement of the existing movie theatre, an on-site publicly accessible privately owned open space and 693 residential units. The total gross floor area proposed is 80,334m2, consisting of 49,983m2 of residential floor area, and 30,351m2 of non-residential floor area. Two levels of below grade parking are proposed with 231 vehicle and 829 bicycle parking spaces. (Enacted as by-law 949-2022. Third-party appeal received.)
150 m away355 ADELAIDE ST WCondominiumUnder Review
*** Draft Plan of Condominium for 387 units.
160 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 C1 right now
- For sale now
- 633
- Median asking price
- $630K
- New in 7 days
- 74
- Price cuts
- 21%
Middle half: $539K to $836K
255 in 28 days
132 listings
This home is asking 12% below the median.
See all homes in Waterfront Communities C1Asking 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 |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 600 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 600 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 900 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1 km |
| King Station | TTC subway: Line 1 Yonge-University | 1.2 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 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 400 m | 72%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 850 m | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 900 m | 83%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.9 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 900 m | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.5 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.1 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 C1 are shown to signed-in members.