1 Edgewater Drive Sph10

Waterfront Communities C8, Toronto, M5A 0L1 · More in this building

$6,480,000

3 bedrooms
4 bathrooms
2 parking
3250-3499 sq ft

Listed 20 days ago · MLS® C13839860

Open house

Sunday, October 25 at 2:00 p.m. to 4:00 p.m. Add to calendar

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About this home

The Aquavista Penthouse Waterfront Living with Exceptional Indoor and Outdoor Space. Welcome to The Aquavista Penthouse at 1 Edgewater Drive, Suite SPH10, a rare two-level waterfront residence offering approximately 3,447 sqft of interior living space plus 2,005 sqft. of outdoor space, three bedroom suites, a main-floor office, and spectacular private outdoor areas. A welcoming foyer opens to expansive living and dining rooms designed for both everyday comfort and large-scale entertaining with 10 ft ceilings. The curved living room adds architectural character, while a balcony extends the living space outdoors. The spacious dining area easily accommodates family gatherings and special occasions. The kitchen features a large central island, generous breakfast area, and direct access to a second balcony, creating a bright and inviting hub for daily living. An adjacent office provides a convenient space for working from home, reading, or quiet retreat. Privately situated on the main floor, the primary suite offers exceptional scale, including a spacious bedroom with room for a sitting area, two walk-in closets, and a luxurious ensuite with double vanity, separate tub and shower, and enclosed water closet. A second main-floor bedroom includes its own walk-in closet and ensuite bathroom, while a powder room and dedicated laundry room complete the level. Upstairs, a third bedroom suite with walk-in closet and ensuite bath is accompanied by a separate sitting room, creating an ideal guest retreat or flexible living space. These rooms open directly onto the penthouse's signature feature: an expansive private rooftop terrace.

Details

Type: Condo Apartment
Style: Apartment
Size: 3250-3499 sq ft
Basement: None
Garage: Underground
Kitchens: 1
Property tax: $24,184 (2025)
Maintenance fee: $3,575/month
Neighbourhood: Waterfront Communities C8
Municipality: Toronto C08
Price per sq ft: $1,920 (113% above condo apartments in Waterfront Communities C8, $901)
Fee per sq ft: $1.06/month (Toronto median $0.92)

Interior

Bedrooms: 3 above ground
Bathrooms: 1 × 2-piece (flat), 1 × 3-piece (flat), 1 × 5-piece (flat), 1 × 3-piece (second)
Rooms: 8 above ground
Family room or den: Yes
Fireplace: No
Laundry: Ensuite
Features: Guest Accommodations, Primary Bedroom - Main Floor, Storage Area Lockers

Heating, cooling and services

Heating: Forced Air, Gas
Air conditioning: Central Air

Building and exterior

Style: Apartment
Exterior: Concrete

Parking

Garage spaces: 2
Total parking: 2
Driveway and parking: Underground

Condo

Building: Aquavista by Tridel
Monthly fee: $3,575
Fee includes: Common Elements Included, Building Insurance Included, Parking Included
Amenities: Exercise Room, Gym, Party Room/Meeting Room
Balcony: Open
Exposure: South West
Pets: Yes-with Restrictions
Property manager: Forest Hill property management

Possession: TBA
Nearby: Clear View, Park, Public Transit, Wooded/Treed
Cross street: Lower Sherbourne & Queens Quay E

Rooms

Room	Level	Features
Bedroom 2	Ground	Walk-In Closet(s)
Living Room	Ground	Combined w/Dining
Kitchen	Ground	Open Concept
Sitting	Second
Bedroom 2	Second
Dining Room	Ground	Combined w/Living
Primary Bedroom	Ground	Walk-In Closet(s)
Laundry	Ground

History of this address

7 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

🚇 King Subway1.2 km
🚇 Union Subway1.3 km
🚆 Toronto Union Station GO1.3 km

Within a 10-minute walk: 9 grocery stores, 85 cafés and restaurants, 14 parks, 8 pharmacies. Nearest grocery: Marché Leo's (0 m). Nearest park: Sherbourne Common (100 m).

Schools nearby

Elementary

Market Lane Junior and Senior Public School
EQAO: Gr 6 reading 94%, math 50%9 min walk
St. Michael Catholic School Catholic
EQAO: Gr 6 reading 83%, math 36%9 min walk
Downtown Alternative School10 min walk
St. Paul Catholic School Catholic
EQAO: Gr 6 reading 87%, math 50%1.2 km

Secondary

Inglenook Community School
EQAO: literacy test 50%17 min walk
SEED Alternative School2.2 km
Queen Alexandra Middle School2.2 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5A

Owners / renters: 35% / 65%
Median household income: $71,000
Average age: 40
Children under 15: 9%
Homes: 0% detached, 78% high-rise
Commute by transit: 28%
Population: 48,978

Languages spoken most at home besides English: Bengali 1.8%, Mandarin 1.7%, Yue (Cantonese) 1.5%, Spanish 1.3%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in St Lawrence-East Bayfront-The Islands (2025): about the Toronto average, down 13% from the year before.

Assault38% above average
Break and enterabout average
Auto theft89% below average
Robbery23% above average
Theft from vehicles23% below average
Shootings45% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 19 active

31 PARLIAMENT ST · 500 m

Plan of Condominium · Draft Plan Approved · applied 2026

Draft Plan of Stamdard Condominium for 427 units.
Application details
259 LAKE SHORE BLVD E · 200 m

Official Plan / Zoning By-law Amendment · Under Review · applied 2026

Zoning By-law Amendment - Lifting of the H Symbol for 23 167778 STE 10 OZ, 25 231179 STE 10 OZ, and 26 149454 STE 10 OZ
Application details
259 LAKE SHORE BLVD E · 200 m

Site Plan · Under Review · applied 2025

Site plan application for Quayside Building 2, a 56 storey, 618 unit building to be delivered as part of the Quayside project. The proposed development…
Application details
259 LAKE SHORE BLVD E · 200 m

Plan of Subdivision · Under Review · applied 2023

Quayside development - Proposed Draft Plan of Subdivision to establish eight blocks, including the Queens Quay East extension, a realigned Parliament Street,…
Application details
259 LAKE SHORE BLVD E · 200 m

Site Plan · Under Review · applied 2023

"Master Site Plan Application" for Quayside Blocks 1 & 2 ground floor and below grade elements.This Master Site Plan Application addresses ground floor design…
Application details
259 LAKE SHORE BLVD E · 200 m

Site Plan · Under Review · applied 2023

Site Plan Control application for Quayside Building 1A - "The Western Curve"Proposed 68-storey (222.7 m) mixed-use building containing 910 residential units…
Application details

19 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

🚧 Distillery District 750 m
🚧 Moss Park 1.2 km
🚧 Queen 1.5 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise 2 sources nearby

🛣️ Gardiner Expressway250 m
🚆 Rail line (Union Station Rail Corridor)300 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Building permits

Multiple Projects · 2025 · Inspection
Proposed relocate existing kitchen sink and dishwasher, add space behind fridge wall
Interior Alterations · 2025 · Inspection
Proposal for interior alterations to an existing residential suite - UNIT 215Architectural only. Electrical, hvac and plumbing are existing.
Interior Alterations · 2024 · Closed
Interior alterations to ground floor for a new food supermarket
Interior Alterations · 2023 · Closed
New exterior doors, interior alterations and a new mezzanine to existing unfinished/unoccupied retail unit on ground floor.
Alternative Solution · 2019 · Approved
Proposal to address the treads and risers requirements identified within OBC sentence 3.4.6.8.(1) with respect to the east and west second…

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

27 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HAMMOND INTERNATIONAL PROPERTIES LIMITED.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $28,376
Property tax: $2,015
Maintenance: $3,575
Total: $33,967

$1,296,000 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $1,296,000
Land transfer tax (Ontario + Toronto): $404,766
Legal and other costs: ~$2,500
Total: $1,703,266

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$4,500/month

Typical asking rent for 3 bedroom condos like this within 1 km (19 for rent now; most $3,750–$7,000).

As a rental, with 20% down

Rent: $4,500
Mortgage: −$28,376
Property tax: −$2,015
Maintenance fee: −$3,575
Insurance, repairs, vacancy: −$305
Cash flow: −$29,772/month

Cap rate -0.3% · gross yield 0.8%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby