Salehian.com 647-325-5000

138 Downes Street 3507

Waterfront Communities C8, Toronto, M5E 0E4

$918,000

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  • 2 bedrooms
  • 2 bathrooms
  • 0 parking
  • 700-799 sq ft

Listed 66 days ago · MLS® C13679484

About this home

Experience the best of waterfront living surrounded by breathtaking lake views and the energy of downtown Toronto.This luxurious 2-year-new 2-bedroom, 2-bathroom suite features 778 sq. ft. of elegant interior space and a stunning 337 sq. ft. wraparound balcony, offering panoramic lake and city views from the living room, both bedrooms, and the balcony.Ideally located in the heart of Toronto's Lakeshore community, just steps from Union Station, Loblaws, LCBO, St. Lawrence Market, the Gardiner Expressway, the Financial District, and the Entertainment District. This AAA location delivers an exceptional combination of convenience, lifestyle, and luxury.

Details

Type
Common Element Condo
Style
Apartment
Age
0-5 years
Size
700-799 sq ft
Basement
None
Garage
None
Kitchens
1
Property tax
$3,914 (2025)
Maintenance fee
$761/month
Neighbourhood
Waterfront Communities C8
Municipality
Toronto C08
Price per sq ft
$1,225 (97% above condo townhouses in Toronto, $620)

Interior

Bedrooms
2 above ground
Bathrooms
1 × 4-piece (flat), 1 × 3-piece (flat)
Rooms
5 above ground
Family room or den
No
Fireplace
No
Laundry
Ensuite
Features
Carpet Free

Heating, cooling and services

Heating
Forced Air
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Brick, Concrete
Age
0-5 years

Condo

Monthly fee
$761
Fee includes
Building Insurance Included, Common Elements Included
Amenities
Exercise Room, Guest Suites, Gym, Party Room/Meeting Room, Rooftop Deck/Garden
Balcony
Open
Exposure
South East
Pets
Yes-with Restrictions
Security
Concierge/Security
Property manager
Menres Property Management

More

Possession
TBD
Nearby
Clear View, Hospital, Lake/Pond, Public Transit, School
Cross street
Lakeshore Blvd & Downes St

Rooms

RoomLevelSizeFeatures
KitchenFlat6.04 × 3.96 m (19'10" × 13')Laminate, Backsplash, Combined w/Dining
Dining RoomFlat6.04 × 3.96 m (19'10" × 13')Laminate, Closet, Combined w/Kitchen
Living RoomFlat6.04 × 3.96 m (19'10" × 13')Laminate, W/O To Balcony, Open Concept
Primary BedroomFlat2.93 × 2.87 m (9'7" × 9'5")Laminate, W/O To Balcony, 4 Pc Ensuite
Bedroom 2Flat3.32 × 2.68 m (10'11" × 8'10")Laminate, Window, Closet

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Union Subway11 min walk
  • 🚇 King Subway11 min walk
  • 🚆 Toronto Union Station GO11 min walk

Within a 10-minute walk: 19 grocery stores, 213 cafés and restaurants, 20 parks, 16 pharmacies. Nearest grocery: Farm Boy (50 m). Nearest park: 50 Queens Quay East Park (150 m).

Schools nearby

Elementary

  • Downtown Alternative School6 min walk
  • St. Michael Catholic School Catholic
    EQAO: Gr 6 reading 83%, math 36%    7 min walk
  • Market Lane Junior and Senior Public School
    EQAO: Gr 6 reading 94%, math 50%    13 min walk
  • Saint Michael's Choir School Catholic1.3 km

Secondary

  • Inglenook Community School
    EQAO: literacy test 50%    1.5 km
  • Contact Alternative School1.9 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 M5E

Owners / renters
42% / 58%
Median household income
$98,000
Average age
40
Children under 15
6%
Homes
0% detached, 99% high-rise
Commute by transit
17%
Population
11,779

Languages spoken most at home besides English: Mandarin 3.3%, Yue (Cantonese) 1.1%, Spanish 1%, Hindi 1%.

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 17 active

  • 1 YONGE ST · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Proposed Official Plan Amendment and Zoning By-law Amendment applications contemplate the redevelopment of the Subject Site with two towers having heights of…
    Application details
  • 7 YONGE ST · 300 m
    Plan of Condominium · Draft Plan Approved · applied 2025
    Draft Plan of Phased Condominium for 958 residential dwelling units.
    Application details
  • 1 YONGE ST · 300 m
    Site Plan · Under Review · applied 2022
    PHASE 3 - This Site Plan Approval application for Phase 3 proposes a 95-storey tower with a gross floor area of 93148sqm.
    Application details
  • 1 YONGE ST · 300 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2022
    The proposed applications seek to amend By-law No. 248- 2020 (LPAT) (which introduced the 1-7 Yonge Site and Area Specific Policy) and to amend site-specific…
    Application details
  • 178 QUEENS QUAY E · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2022
    Zoning By-law Amendment Application to lift the "H"" Holding Symbol that currently applies to the subject site.
    Application details
  • 1 YONGE ST · 300 m
    Site Plan · Under Review · applied 2021
    Site Plan Approval for Phase 4 & 5 of the One Yonge Development, consisting of two non-residential towers having heights of 22 and 40-storeys, respectively.…
    Application details

21 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

Coming transit

  • 🚧 Distillery District 1.0 km
  • 🚧 Queen 1.1 km
  • 🚧 Moss Park 1.1 km

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

Noise 2 sources nearby

  • 🛣️ Gardiner Expressway150 m
  • 🚆 Rail line (Union Station Rail Corridor)200 m

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

Trees

0 City street trees within 100 m. 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 HOMELIFE NEW WORLD REALTY INC..

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

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