716-39 Parliament St
Waterfront Communities C8, Toronto, Ontario M5A 4R2
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900–999sq ft
- Per sq ft
- $736at the range’s middle
- Tax a year
- $3,2232026 tax year
- Parking
- 0underground
- Days on market
- Members
The brief
About 716-39 Parliament St
716-39 Parliament St is a 2-bedroom, 2-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $699,000 (MLS® C13827974).
Cobblestone streets, historic red-brick buildings, and European charm give Toronto's Distillery District a character all its own. This is a neighbourhood where every season brings something special. Tucked among its heritage architecture and lively pedestrian streets, 39 Parliament offers a home with timeless appeal.With over 1,000 sq. ft., this two-bedroom, two-bathroom suite is a refreshing alternative to the compact layouts often found in downtown condos. The thoughtfully designed split-bedroom floor plan offers privacy and flexibility, while being generously proportioned.The full-sized kitchen provides ample room for cooking and flows seamlessly into a dedicated dining area, ideal for family meals and entertaining. Hardwood floors add warmth and character, while solid brick concrete construction offers a sense of substance and privacy.The spacious primary bedroom comes complete with a walk-in closet and four-piece ensuite. On the opposite side, a large second bedroom offers versatility for family, guests, home office, or a creative space. A second four-piece bathroom is conveniently located nearby. An ensuite laundry room with additional storage adds everyday practicality and convenience.Step outside and discover the charm of the Distillery. Start your morning with coffee from Balzac's or Arvo, browse independent boutiques and art galleries, or enjoy lunch on a sun-filled patio. Bakeries, artisan shops, acclaimed restaurants, and seasonal pop-up markets are all part of the vibrant atmosphere. Each winter, the entire area transforms into a enchanting Winter Village, bringing festive lights and holiday shopping.Just a short walk away explore St. Lawrence Market, enjoy the green spaces and walking trails of Corktown Common, or venture along the nearby waterfront pathways. Multiple TTC stops offer convenient access to the rest of the city, with the downtown core, Eaton Centre, and Union Station all within easy reach.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall29/100−$1,324/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 83 condos with 2 bedrooms 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 home
Key facts
- Tax
- $3,223 / 2026
- MLS® number
- C13827974
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 900-999 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, B/I Dishwasher, Washer, Dryer, All Elf's, All Window Coverings, Locker Included.
- Condo maint.
- $766
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 2.98 × 7.42 m | Combined W/Dining, hardwood floor, W/O To Balcony | Main |
| Dining | 2.98 × 7.42 m | Combined W/Living, hardwood floor, Open Concept | Main |
| Kitchen | 2.37 × 3.16 m | Tile Floor | Main |
| Primary | 2.96 × 5.56 m | His/Hers Closets, 4 Pc Ensuite | Main |
| 2nd Br | 2.68 × 4.55 m | Closet | Main |
Listing history
Buy/sell history for 716-39 Parliament St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $699,000 | N/A | For Sale | C13827974 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $139,800
- Total mortgage amount
- $559,200
- Total interest payment
- $397,500
- Total purchase cost
- $1,096,500
- Mortgage payment
- $3,189/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
53%Monthly carrying cost
$4,224- Rent $2,900
- Shortfall $1,324
Rental income opens at $2,900, the median asking rent of 83 comparable homes for lease in Waterfront Communities C8. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $10,455
- Toronto municipal land transfer tax
- $10,455
- Total land transfer tax
- $20,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $12,435
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 $699,000
- $5,980
- Ontario total
- $10,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $10,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m196 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3.3 m below ground nearbyThe middle water level in the well records within 500 m (996 records). It changes with the season and from spot to spot.500 m
- Bedrock about 8.2 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 37 building permits issued within 250 m in the last 2 years250 m
- 5 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 2.9 km2.9 km
- Mapped parcel: about 44,860 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 160 m160 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Redpath Sugar Ltd — Toronto Refinery, 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (0 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre 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.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
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.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: 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.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CR SS2 (x344)By-law
569-2013Municipality
Toronto1 x344
Site-specific exception 344: this site has rules of its own, written in the by-law.
2 SS2
Standards set 2: the setback, height and coverage rules the by-law applies to this zone.
3 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(344)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
6 building permits cleared at this address in the City’s file.
Sign Building Permit RelatedClosed
Proposal to erect and display two non-illuminated wall signs displaying static copy.***GRACE LOVE LACE***
Issued June 3, 2022
Other(PS)Closed
Proposal to add drain for dishwaser, clothes washer, and sink
Issued May 26, 2021
Fire AlarmInspection
Replacing old fire alarm control panel a new mircom fire alarm control panel in the same existing spot.
Issued December 11, 2018
Backflow Prevention Devices (Water only)Closed
Install one backflow prevention device in existing condominium.
Issued May 2, 2013
Building Permit Related(PS)Inspection
Install fixtures: 1 wb, 1 wc in unit c buildings 8 & 9 molasses storage (8) & machine shop (9) - Interior Alterations
Issued December 9, 2002
Interior AlterationsInspection
Make interior alterations to retail unit c tenant: martini clubbuildings 8 & 9 molasses storage (8) & machine shop (9)
Issued December 6, 2002
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
31 R PARLIAMENT STSite planUnder Review
Proposal for a 50 storey (165.7 m) mixed-use building comprised of 590 residential dwelling units (38,338 m²) and 29000 m² of non-residential gross floor area. A total of 687 parking spaces will be provided on the lot in a below grade parking garage.
130 m away31 R PARLIAMENT STPlan of subdivisionUnder Review
Draft Plan of Subdivison for 1 block.
130 m away281 FRONT ST EOfficial plan or zoning amendmentUnder Review
Application to permit two residential towers (54 and 50 storeys) with 1,065 dwelling units and 643 square metres of retail space on the ground floor.
180 m away370 R CHERRY STSite planUnder Review
Proposal for a 50 storey (165.7 m) mixed-use building comprised of 590 residential dwelling units (38,338 m²) and 29000 m² of non-residential gross floor area. A total of 687 parking spaces will be provided on the lot in a below grade parking garage.
220 m away370 R CHERRY STPlan of subdivisionUnder Review
Draft Plan of Subdivison for 1 block.
220 m away333 LAKE SHORE BLVD EOfficial plan or zoning amendmentUnder Review
Proposed Official Plan and Zoning By-law Amendments for Quayside Master Plan Blocks 3b, 4 and 5. The proposal for Blocks 3b, 4 and 5 includes two residential towers and one mid-rise building, collectively accommodating 8,988 square metres of non-residential Gross Floor Area (GFA) and 119,581 square metres of residential GFA. The residential component includes 1,475 condo units and 407 affordable units. The buildings will flank a portion of a 14,350 square metre east-west "Community Forest" which is continuous through the centre of the broader development. The mid-rise building on Block 3B will also support portion of a rooftop urban farm, which extends the length of the mid-rise buildings on Blocks 1, 2 and 3b connected by a suspended pedestrian bridge across Small Street. An application is required to amend the City of Toronto Official Plan to permit additional height and density and an application to amend the former City of Toronto Zoning By-law 438-86, as amended by OMB-approved By-law 1174-2010, is required to permit additional height and density, amend the permitted uses, update zoning maps and revise certain zoning standards to permit the proposed development. This application forms part of the broader Quayside Master Plan, which is comprised of seven mixed use buildings on four development blocks and public realm improvements on the interior and perimiter of the site. The development includes 321,760 square metres of GFA allotted as 22,562 square metres of commercial, retail, institutional and other non-residential uses and 299,209 square metres of residential uses supporting 4,634 condo units and 869 affordable housing units. Public realm and infrastructure works to be delivered by Waterfront Toronto include the Queens Quay East extension, plazas at Parliament Street and Queens Quay East, an extended Water's Edge Promenade and a 0.4 hectare park.
260 m away
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.
The market
Condos for sale in Waterfront Communities C8 right now
- For sale now
- 190
- Median asking price
- $587K
- New in 7 days
- 24
- Price cuts
- 20%
Middle half: $500K to $800K
77 in 28 days
38 listings
This home is asking 19% above the median.
See all homes in Waterfront Communities C8Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| King Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| Queen Station | TTC subway: Line 1 Yonge-University | 1.5 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.5 km |
| TMU Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.9 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.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Market Lane Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 250 m | 78%Grade 6 average |
| St Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 650 m | 72%Grade 6 average |
| St Michael Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 700 m | 65%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.1 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 500 m | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.5 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.9 km | 86%Grade 9 math |
| St Martin Catholic School (St.Martin)Toronto CDSB | Catholic · grades 9–12 | 2 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.
The verdict
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Sold prices in Waterfront Communities C8 are shown to signed-in members.