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.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,311 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.Ask Zara a follow-up
Inside 138 Downes St #3507
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Common Element Condo
138 Downes St #3507 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13679484$918,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 138 Downes St #3507 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,510
/mo
based on the purchase price of $918,000
$183,600 cash
$734,400 financed
$618,558 total interest
Principal54%$734,400
Interest46%$618,558
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from PropTx or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from PropTx or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from PropTx, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 2–3 bed homes for sale in Toronto around $918K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4915.5%On average, homes sold at or above asking.
Active listings12,605Homes for sale here right now.
Median vs prior 90 days+3.5%Compared with Apr 11 – Jul 10, 2026: prices up.
Based on 9,654 sales from Jul 10 – Oct 8, 2026 (6,498 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
7 for sale · 10 for rent at 138 Downes St — plus its sale and lease history.
Union StationLine 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express760 m9 min walk
Loading schools, parks, groceries and more nearby…
Transit
King Station (Line 1)9 min walk
Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express)9 min walk
Queen Station (Line 1)14 min walk
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
138 Downes St #3507 is listed at $918,000 (MLS® C13679484). Summitly updates the price as soon as the MLS® record changes.
Is $918,000 a good price for 138 Downes St #3507?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 138 Downes St #3507 changed?
No — 138 Downes St #3507 is still listed at its original asking price of $918,000.
How many bedrooms and bathrooms does 138 Downes St #3507 have?
138 Downes St #3507 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 138 Downes St #3507 close to transit?
The nearest rapid-transit station is King Station (Line 1), about 740 m (about a 9-minute walk) in a straight line. Union Station is about 760 m (about a 9-minute walk), and Queen Station is about 1.2 km (about a 14-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 138 Downes St #3507?
About $4,510 a month — principal and interest on $918,000 with 20% down ($183,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 138 Downes St #3507 compare with other homes in Toronto?
Its asking price of $918,000 is about 8% above the median sold price in Toronto over the last 90 days, $849,000, across 9,654 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 138 Downes St #3507 been sold before?
Summitly has no earlier MLS® sale or lease of 138 Downes St #3507 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 138 Downes St #3507?
138 Downes St #3507 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 138 Downes St #3507 been on the market?
54 days — 138 Downes St #3507 was listed on August 15, 2026.
What is the price per square foot of 138 Downes St #3507?
About $1,149 to $1,311 per square foot: the asking price of $918,000 over the 700–799 sq ft the listing gives as its size range.
Does 138 Downes St #3507 have a basement, and is it finished?
The listing says 138 Downes St #3507 has no basement.
