138 Downes Street 6506

Waterfront Communities C8, Toronto, M5E 0E4 · More in this building

$6,500/mo

3 bedrooms
3 bathrooms
1 parking
1000-1199 sq ft

Listed 19 days ago · MLS® C13844558

About this home

** Fully Furnihsed w/ Utilities Included! ** Perched high above Toronto's spectacular waterfront, this exceptional 3-bedroom, 3-bathroom corner unit (S/E/W Views) residence offers truly unobstructed 270-degree panoramic views stretching from the historic St. Lawrence Market district across the downtown skyline, over Toronto's sparkling inner harbour, the Toronto Islands, Billy Bishop Airport, and beyond. Floor-to-ceiling windows flood the home with natural light while framing one of the city's most breathtaking outlooks from virtually every room. Designed for modern living, the open-concept layout and modern furnishings seamlessly blends sophisticated style with everyday functionality. The expansive wrap-around balcony becomes your private front-row seat to unforgettable sunrises, sailboats gliding across the lake, city lights reflecting on the water, and aircraft gracefully arriving at Billy Bishop. Located in the heart of Sugar Wharf, you'll enjoy an unmatched waterfront lifestyle just steps from Sugar Beach, the Financial District, St. Lawrence Market, George Brown College, Farm Boy, Loblaws, LCBO, world-class dining, cafes, shopping, and the Harbourfront. Whether you're entertaining, working from home, or simply taking in the ever-changing views, this residence offers a rare opportunity to experience Toronto at its absolute finest.Luxury waterfront living. Unparalleled views. An address that truly has it all. Bring your suitcase, everything is ready for an immediate move in! ** Building requires a 6 month minimum ** Avail After Nov 12th 2026

Details

Type: Condo Apartment
Style: Apartment
Age: New
Size: 1000-1199 sq ft
Basement: None
Garage: Underground
Kitchens: 1
Neighbourhood: Waterfront Communities C8
Municipality: Toronto C08
Rent increase limit: Probably not covered: units first occupied after Nov. 15, 2018 have no yearly cap in Ontario, so ask the landlord.

Interior

Bedrooms: 3 above ground
Bathrooms: 1 × 4-piece (main), 1 × 3-piece (main), 1 × 3-piece (main)
Rooms: 6 above ground
Family room or den: No
Fireplace: No
Laundry: Ensuite
Features: Auto Garage Door Remote, Built-In Oven, Carpet Free, Countertop Range, Guest Accommodations
Furnished: Furnished

Heating, cooling and services

Heating: Forced Air, Gas
Air conditioning: Central Air

Building and exterior

Style: Apartment
Exterior: Concrete
Age: New
Waterfront: WaterfrontCommunity

Parking

Garage spaces: 1
Total parking: 1
Driveway and parking: Unreserved

Condo

Amenities: Bike Storage, Concierge, Exercise Room, Gym, Party Room/Meeting Room, Rooftop Deck/Garden
Locker: Owned
Balcony: Terrace
Exposure: South East
Pets: Yes-with Restrictions
Security: Concierge/Security
Property manager: Menres Property Management

Rental terms

Rent includes: Heat, High Speed Internet, Hydro, Parking, Water, Building Maintenance, Central Air Conditioning, Common Elements

Possession: Flexible
Nearby: Clear View, Public Transit, Waterfront
Cross street: Yonge / Queens Quay E

Rooms

Room	Level	Features
Living Room	Main	Combined w/Dining, Laminate, W/O To Balcony
Dining Room	Main	Combined w/Living, Laminate, Open Concept
Kitchen	Main	Open Concept, Laminate, B/I Appliances
Primary Bedroom	Main	Ensuite Bath, W/O To Balcony, Overlook Water
Bedroom 2	Main	Ensuite Bath, Laminate, Overlook Water
Bedroom 3	Main	Closet, Laminate, Overlook Water

History of this address

2 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

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 REAL ESTATE HOMEWARD.

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

Similar homes nearby

See more in Toronto