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43.73° N · 79.40° W — Toronto & nearby · 9,722 homes for sale today43.73° N · 79.40° W — 9,722 homes today(647) 554-7436Saved

43.6444° N · 79.3638° W — Waterfront Communities C8, Toronto — MLS® #C13513972

620-55 Merchants Wharf

$499,999

Waterfront Communities C8, Toronto, Ontario M5A 0P2

1
BedroomsBeds
1
BathroomsBaths
500-599 sqft500-599
SizeSq ft

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ToShemeer AhmadVALERY REAL ESTATE INC.
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In short · from the listing record

620-55 Merchants Wharf is a 1-bedroom, 1-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $499,999 (MLS® C13513972).

Welcome to the most affordable opportunity to own in one of Toronto's premier waterfront communities by Tridel. This move-in ready suite offers the perfect blend of lifestyle, location, and long-term value-ideal for first-time buyers, professionals, or investors looking to enter the market with confidence.Wake up to southeast views of Lake Ontario, soaring ceilings, and a thoughtfully designed layout that maximizes every square foot. The modern kitchen features sleek finishes and generous storage, while the bright living space offers the flexibility to comfortably work from home.Residents enjoy resort-style amenities comparable to a five-star hotel, including a 24-hour concierge, rooftop pool, fitness centre, yoga and spinning studios, theatre room, and library.Located along Toronto's vibrant waterfront, with cafes, restaurants, boardwalk paths, and downtown conveniences just steps away, this suite offers an exceptional chance to own in a luxury building-often for a monthly cost comparable to renting.A rare opportunity to enter the waterfront market and start building equity in one of the city's most desirable neighbourhoods.

Listing readings

How it measures up

Scores from the listing record and the market around it.

  • 66Fair

    Condition score

    4 condition-related facts documented

    Listing age, structured features and disclosed update language; not an inspection.

  • 37Shortfall

    Cash flow quality

    −$685/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Median of 45 condos with 1 bedroom 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 data table

Every fact

Everything the board publishes for this home.

Tax
$2,490 / 2026
MLS® number
C13513972
Board
TRREB MLS®
Property Type
Condo Apt
Time on market
Size
500-599 sqft
Listed on
Parking
Underground, 0 Parking

Listing history

Listing activity for 620-55 Merchants Wharf, Toronto, Ontario

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$499,999N/AFor SaleC13513972

Inside

Room by room

From the listing.

Flat5 rooms
  • Living3.05 × 3.2 mWindow Flr to Ceil, Overlook Water
  • Dining2.79 × 3.48 mOpen Concept, Combined W/Kitchen
  • Kitchen2.79 × 3.48 mStainless Steel Appl
  • Br2.35 × 2.35 mSliding Doors
  • Den1.55 × 1.8 mB/I Desk

Property

Property Type
Condo Apt
Style
Apartment
Community
Waterfront Communities C8
Municipality
Toronto

Building

Size
500-599 sqft
Construction
Concrete

Inside

Bedrooms
1
Bathrooms
1
Bathroom Details
1 × 4pc Flat
Basement Type
None
Kitchens
1

Parking

Garage Type
Underground
Additional Parking
0
Total Parking
0

Utilities

Cooling
Central Air
Heating Type
Forced Air

Where it sits

The street and the area

Asking prices on the map.

Map and tour

Transit nearby

StationLinesDistance
King StationTTC subway: Line 1 Yonge-University1.3 km
Union StationTTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train1.3 km
Queen StationTTC subway: Line 1 Yonge-University1.6 km
St Andrew StationTTC subway: Line 1 Yonge-University1.7 km
TMU StationTTC subway: Line 1 Yonge-University1.9 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.

Around it

Condo Apt in Waterfront Communities C8

Active listings only, today.

Condos for sale in Waterfront Communities C8 right now

For sale now
189
Median asking price
$589K

Middle half: $500K to $800K

New in 7 days
25

77 in 28 days

Price cuts
20%

38 listings

This home is asking 15% below the median.

See all homes in Waterfront Communities C8

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

Site report

What the record says

What the City and the conservation authority have on file for this address.

  • Heritage and ravineNone foundNot found on the Heritage Register
  • Heritage and ravineNone foundNot in a mapped Heritage Conservation District
  • Heritage and ravineNone foundNot in the mapped ravine protection area
  • ZoningSee Former City of Toronto By-Law No. 438-86Outside By-law 569-2013: the former municipality’s by-law still sets what may be built. Confirm the rules with the City.
  • Permits3 clearedBuilding Permit Related(MS) Issued August 7, 2020 · Building Permit Related(PS) Issued August 4, 2020 · Interior Alterations Issued July 23, 2020
  • Signals nearby6 to note180 QUEENS QUAY E, Official plan or zoning amendment, 210 m away · 180 QUEENS QUAY E, Site plan, 210 m away · 259 LAKE SHORE BLVD E, Site plan, 250 m away · 259 LAKE SHORE BLVD E, Site plan, 250 m away · 259 LAKE SHORE BLVD E, Site plan, 250 m away · 259 LAKE SHORE BLVD E, Site plan, 250 m away
  • ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
  • provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
  • wetlandNone in rangeNo mapped wetland within 120 m
  • aggregateNone in rangeNo licensed pit or quarry within 2 km
  • wellsNone in rangeNo recorded oil, gas or salt well within 250 m
  • railOn recordNearest rail line: 350 m
  • trailOn recordA trail on the Ontario trail network within 1 km
  • permitsOn record54 building permits issued within 250 m in the last 2 years
  • devappsOn record9 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
  • airportOn recordNearest airport: 2.4 km
  • parcelOn recordMapped parcel: about 17,570 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
  • water wellsNone in rangeNo water-supply well recorded within 250 m 325 test or monitoring holes also recorded.
  • groundwaterOn recordGroundwater recorded about 3.4 m below ground nearby The middle water level in the well records within 500 m (886 records). It changes with the season and from spot to spot.
  • npriOn record1 facility within 1 km reports pollutant releases to Environment Canada The nearest is Redpath Sugar Ltd — Toronto Refinery, 610 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
  • fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
  • electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
  • internet speedOn recordWired internet 50/10 Mbps or faster is listed at this location Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
  • broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.

None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.

Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.

City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. 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. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.

Land transfer tax on this home

Ontario land transfer tax
$6,475
Toronto municipal land transfer tax
$6,475
Total land transfer tax
$12,950
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
−$8,475
Total for first-time buyers
$4,475
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 $499,999
$2,000
Ontario total
$6,475

Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,475.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Schools

Nearest schools

Straight-line distances. Check catchments with the board.

ElementaryEQAO average 2024–25

  • Market Lane Junior and Senior Public SchoolToronto DSBPublic · grades JK–878%Grade 6 average600 m
  • St Michael Catholic SchoolToronto CDSBCatholic · grades JK–865%Grade 6 average600 m
  • St Paul Catholic SchoolToronto CDSBCatholic · grades JK–872%Grade 6 average1.3 km
  • École élémentaire Gabrielle-RoyConseil scolaire ViamondeFrench-language public · grades JK–696%Grade 6 average1.5 km

SecondaryGrade 9 math 2024–25

  • Inglenook Community SchoolToronto DSBPublic · grades 9–12—1.1 km
  • St Michael's Choir (Sr) SchoolToronto CDSBCatholic · grades 9–1296%Grade 9 math1.7 km
  • Collège français secondaireConseil scolaire ViamondeFrench-language public · grades 9–1286%Grade 9 math2.3 km
  • Native Learning CentreToronto DSBPublic · grades 9–12—2.5 km

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.

Searches this home is in

Keep looking

The ledger

What it costs to own

Worked out for this home. Change any number.

Price$499,999

A month, all in

$2,985

  • Mortgage$2,282
  • Property tax$208
  • Condo or maintenance fee$495

A planning figure, not a quote.

Land transfer tax

$12,950

$4,475 for first-time buyers; Toronto adds its own tax.

Rent, similar homes

$2,300

a month, median asking rent of 45 similar homes in Waterfront Communities C8.

Community

Who lives around it

Similar homes

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Shemeer Ahmad

Shemeer AhmadVALERY REAL ESTATE INC.

Want to see it this week?

Ask me anything about this home, or what fair looks like nearby.

(647) 554-7436

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