Toronto, ON · M5E 0E4 · MLS® C14033832Updated
$499,000Est. $2,451/mo mortgage
138 Downes St #806 is a 2-bedroom, 2-bathroom condo in Toronto, listed for $499,000. It has 600-699 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Welcome To Sugar Wharf By Menkes - A Stunning East-Facing 696 Sq.Ft. 2-Bedroom, 2-Bathroom Waterfront Residence In The Heart Of Toronto's Most Exciting Downtown Community! This Bright And Efficient Suite Features Soaring 9-Ft Ceilings, An Open-Concept Kitchen/Living Layout, Engineered Hardwood Floors, Stone Countertops, Stainless Steel Appliances, Ensuite Laundry, And Two Full Bathrooms For Exceptional Everyday Comfort. Residents Enjoy The Best Of "The Lake, The Life, The City" - Steps To Sugar Beach, Harbourfront, Loblaws, Farm Boy, LCBO, St. Lawrence Market, Union Station, The Financial District, CN Tower, Parks, Shops, Restaurants, Schools, And Future PATH Connection. Built By Reputable Developer Menkes, Sugar Wharf Offers Outstanding Amenities Including 24-Hour Concierge, Fitness Centre/Membership, Indoor Pool, Basketball Court, Party Room, Theatre Room, Kids/Arts Rooms, Arcade Room, Outdoor Terrace With BBQ Area, And More. With Strong Rental Cash Flow Potential And Exceptional Downtown Convenience, This Is An Ideal Opportunity For Investors, First-Time Home Buyers, Or End-Users Seeking A Vibrant Waterfront Lifestyle. Do Not Miss!
2 bedrooms, 2 bathrooms, about 600 sq ft, works out to roughly $832 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.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Sourced from MLS®. Includes earlier listings of this property on record.
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Closed sales on the TRREB MLS®.
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270 Wellington Street
1 bd · 1 ba · Condo
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195 Redpath Avenue
1 bd · 2 ba · Condo
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20 Minowan Miikan Lane
2 bd · 1 ba · Condo
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1815 Yonge Street
2 bd · 1 ba · Condo
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1101 Leslie Street
2 bd · 2 ba · Condo
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155 Merchants' Wharf N/A
2 bd · 2 ba · Condo
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This homeUnit 806 — 138 Downes Street 2 bd · 2 ba · 600 sqft | $499,000asking | $832 | — | — |
| 270 Wellington Street 1 bd · 1 ba · 600 sqft | ||||
| 195 Redpath Avenue 1 bd · 2 ba · 500 sqft | ||||
| 20 Minowan Miikan Lane 2 bd · 1 ba · 700 sqft | ||||
| 1815 Yonge Street 2 bd · 1 ba · 700 sqft | ||||
| 1101 Leslie Street 2 bd · 2 ba · 1,000 sqft | ||||
| 155 Merchants' Wharf N/A 2 bd · 2 ba · 800 sqft |
1 bd · 1 ba · 600 sqft
1 bd · 2 ba · 500 sqft
2 bd · 1 ba · 700 sqft
2 bd · 1 ba · 700 sqft
2 bd · 2 ba · 1,000 sqft
2 bd · 2 ba · 800 sqft
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From 138 Downes St #806. Typical times without traffic delays; transit times aren't available yet.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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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 TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB 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.
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Listing brokerage: BAY STREET GROUP INC., BrokerageMLS® C14033832 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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 TRREB, 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.
Other 1–2 bed homes for sale in Toronto around $499K.
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Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 9,532 sales from Jul 16 – Oct 14, 2026 (6,655 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
9 for sale · 7 for rent at 138 Downes St — plus its sale and lease history.
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For saleStations and stops, straight-line distance
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760 m9 min· Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express
Homes near Union StationStraight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.
138 Downes St #806 is listed at $499,000 (MLS® C14033832). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Good Deal: the asking price is 3% to 10% below 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
No — 138 Downes St #806 is still listed at its original asking price of $499,000.
138 Downes St #806 has 2 bedrooms and 2 bathrooms, with about 600–699 square feet of living space. It is a condo in Toronto.
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.
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), 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.
Its asking price of $499,000 is about 41% below the median sold price in Toronto over the last 90 days, $849,000, across 9,532 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.
Yes — Summitly has 1 earlier MLS® listing of 138 Downes St #806 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
138 Downes St #806 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
138 Downes St #806 was listed today (October 14, 2026).
About $714 to $832 per square foot: the asking price of $499,000 over the 600–699 sq ft the listing gives as its size range.
The listing says 138 Downes St #806 has no basement.
