509-10 Morrison St
Waterfront Communities C1, Toronto, Ontario M5V 2T8
- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 700–799sq ft
- Per sq ft
- $853at the range’s middle
- Tax a year
- $3,7142026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 509-10 Morrison St
509-10 Morrison St is a 1+1-bedroom, 1-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $639,000 (MLS® C14133832).
This is downtown living done right! Tucked away on a quiet side street in the heart of King West at the boutique Fashion District Lofts, suite 509 is stylish, spacious, and sophisticated. Offering nearly 750sqft of interior living space, this 1-bed + den, 1-bath suite with a sizable balcony comes complete with coveted parking and a locker. Combining chic finishes with classic loft character, this thoughtfully designed suite boasts soaring exposed concrete ceilings, engineered hardwood floors, and an open-concept layout with large south-facing windows that's equally suited to relaxing at home or entertaining friends. The modern Scavolini kitchen offers full-sized stainless steel appliances, stone counters, and a centre island offering plenty of extra prep and storage space. The balcony is the perfect spot to enjoy your morning coffee or unwind with an evening cocktail. The bedroom features built-in closet with organizers and a double door entry. An open-concept den with built-in bookcases offers the perfect space for a home office or reading nook. Or, choose to add doors to create a separate guest space. Chic and generously sized, the 4-piece bathroom features modern fixtures and built-in shelving for extra storage, while convenient ensuite laundry adds everyday practicality. A coveted parking space with a large adjoining locker offers even more convenience. Enjoy the perks of boutique loft living, including visitor parking, bike storage, and a stylish designer lobby. Just steps from King West's renowned restaurants, cafes, nightlife, fitness studios, and transit, this location puts the best of the city at your fingertips. Grab a sweet treat from COPS Donuts right at your doorstep, explore the shops and dining at The Well, or take a foodie tour through Waterworks Food Hall. When you're craving some fresh air, St. Andrew's Playground is just around the corner. With the best of downtown Toronto at your fingertips, this loft is more than a home, it's a lifestyle.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall38/100−$860/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 280 condos with 2 bedrooms for lease in Waterfront Communities C1 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
- $3,714 / 2026
- MLS® number
- C14133832
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- See Schedule B.
- Condo maint.
- $635
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 0.0 × 0.0 m | Closet, hardwood floor | Flat |
| Living | 2.83 × 3.96 m | Open Concept, W/O To Balcony, hardwood floor | Flat |
| Dining | 2.82 × 2.89 m | Open Concept, Combined W/Living, hardwood floor | Flat |
| Kitchen | 2.9 × 4.16 m | Stainless Steel Appl, Centre Island, Stone Counter | Flat |
| Primary | 2.72 × 3.18 m | Double Closet, Closet Organizers, hardwood floor | Flat |
| Bathroom | 0.0 × 0.0 m | 4 Pc Bath, B/I Shelves, Tile Floor | Flat |
| Den | 1.69 × 2.57 m | Open Concept, B/I Bookcase, hardwood floor | Flat |
Listing history
Buy/sell history for 509-10 Morrison 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 | $639,000 | N/A | For Sale | C14133832 |
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
- $127,800
- Total mortgage amount
- $511,200
- Total interest payment
- $363,600
- Total purchase cost
- $1,002,600
- Mortgage payment
- $2,916/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
44%Monthly carrying cost
$3,860- Rent $3,000
- Shortfall $860
Rental income opens at $3,000, the median asking rent of 280 comparable homes for lease in Waterfront Communities C1. 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
- $9,255
- Toronto municipal land transfer tax
- $9,255
- Total land transfer tax
- $18,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $10,035
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 $639,000
- $4,780
- Ontario total
- $9,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $9,255.
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
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City 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
CRE (x77)By-law
569-2013Municipality
Toronto1 x77
Site-specific exception 77: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(77)
3 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
1 building permit cleared at this address in the City’s file.
Garage Repair/ReconstructionClosed
To complete slab repairs and install new waterproofing membrane to outdoor landscaped area located at grade - 'Zen Garden Repair'
Issued May 22, 2014
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.
9 MORRISON STCondominiumUnder Review
*** Draft Plan of Condominium for 95 residential units.
20 m away7 MORRISON STCondominiumUnder Review
*** Draft Plan of Condominium for 95 residential units.
30 m away445 ADELAIDE ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
30 m away447 ADELAIDE ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
30 m away449 ADELAIDE ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
30 m away451 ADELAIDE ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
30 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 C1 right now
- For sale now
- 632
- Median asking price
- $629K
- New in 7 days
- 66
- Price cuts
- 21%
Middle half: $539K to $838K
249 in 28 days
133 listings
This home is asking 2% above the median.
See all homes in Waterfront Communities C1Asking 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 |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.3 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 |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 1.7 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 |
|---|---|---|---|
| St Mary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 500 m | 75%Grade 6 average |
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 550 m | 72%Grade 6 average |
| Ryerson Community School Junior SeniorToronto DSB | Public · grades JK–8 · French Immersion | 700 m | 52%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| City SchoolToronto DSB | Public · grades 9–12 | 1.1 km | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.1 km | 8%Grade 9 math |
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 1.8 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.6 km | 86%Grade 9 math |
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
Similar Active Listings
Recently sold nearby
Sold prices in Waterfront Communities C1 are shown to signed-in members.