508-38 Dan Leckie Way
Waterfront Communities C1, Toronto, Ontario M5V 2V6
- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $839at the range’s middle
- Tax a year
- $2,6932026 tax year
- Built
- 11-15
- Parking
- 11 underground
- Days on market
- Members
The brief
About 508-38 Dan Leckie Way
508-38 Dan Leckie Way is a 1+1-bedroom, 1-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $545,000 (MLS® C13831178).
Welcome to 38 Dan Leckie Way, where vibrant downtown living meets the tranquility of the waterfront. This meticulously maintained 1-bedroom + den, south-facing residence offers beautiful water views from its open balcony and an exceptional CityPlace location. The thoughtfully designed layout features a bright, open-concept living space and a versatile den with its own door and natural light - ideal for a home office, guest room or additional living space. The spacious kitchen offers modern finishes and ample room for everyday cooking and entertaining, while the living area captures the beauty of the waterfront beyond. Enjoy the best of Toronto right outside your door. Take a morning walk, run or bike ride along the waterfront promenade, or enjoy being just minutes from The Well, one of Toronto's premier destinations for dining, shopping, fitness, entertainment and everyday conveniences. The Entertainment District, Rogers Centre, restaurants, cafes, nightlife and transit are also just minutes away. A rare opportunity to enjoy south-facing water views, a highly functional layout and an unbeatable downtown location - offering the perfect balance of waterfront serenity and city convenience, with The Well and the best of downtown Toronto at your doorstep.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even54/100−$175/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
- $2,693 / 2026
- MLS® number
- C13831178
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 11-15
- Days on market
- Size
- 600-699 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
- 600-699 sqft
- Building Age
- 11-15
- Construction
- Brick
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- 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
- Stainless Steel Appliances, Stove, Oven, Range Hood, Washer/Dryer, All ELF's, Window Blinds, Pot lights throughout Kitchen, 1 Underground Parking, 1 Locker, same floor as parking.
- Condo maint.
- $464
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.69 × 3.05 m | Open Concept, Laminate, Stainless Steel Appl | Main |
| Living | 2.29 × 3.35 m | Open Concept, Laminate, W/O To Balcony | Main |
| Dining | 2.29 × 3.05 m | Open Concept, Laminate, Combined W/Kitchen | Main |
| Primary | 2.87 × 2.95 m | Semi Ensuite, Closet, 4 Pc Ensuite | Main |
| Den | 2.13 × 2.74 m | Separate Rm, Sliding Doors | Main |
Listing history
Buy/sell history for 508-38 Dan Leckie Way, 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 | $545,000 | N/A | For Sale | C13831178 |
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
- $109,000
- Total mortgage amount
- $436,000
- Total interest payment
- $310,100
- Total purchase cost
- $855,100
- Mortgage payment
- $2,487/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
26%Monthly carrying cost
$3,175- Rent $3,000
- Shortfall $175
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
- $7,375
- Toronto municipal land transfer tax
- $7,375
- Total land transfer tax
- $14,750
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $6,275
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 $545,000
- $2,900
- Ontario total
- $7,375
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,375.
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
- 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
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
5 building permits cleared at this address in the City’s file.
Building Permit Related(PS)Inspection
Plumbing - Proposal for interior alterations to convert office unit into a pet grooming store.
Issued December 19, 2025
Building Permit Related(MS)Inspection
HVAC - Proposal for interior alterations to convert office unit into a pet grooming store.
Issued December 19, 2025
Interior AlterationsInspection
Proposal for interior alterations to convert office unit into a pet grooming store.
Issued December 19, 2025
Building Permit Related(MS)Inspection
HVAC - Interior alterations to ground florr commercial unit G-23 for Tenant Fit Up.
Issued June 12, 2015
Interior AlterationsInspection
Interior alterations to ground floor commercial unit G-23 for Tenant Fit Up.
Issued June 12, 2015
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.
470 R LAKE SHORE BLVD WOfficial plan or zoning amendmentUnder Review
Zoning by-law amendment application to facilitate the development of 5,509 square metres of non-residential retail space located below the Gardiner Expressway.
50 m away545 LAKE SHORE BLVD WCondominiumUnder Review
*** Draft Plan of Condominium for 419 units.
110 m away150 QUEENS WHARF RDSite planApplication Received
The 2025 Proposal is a 37-storey tower with a total of 268 units and ~350m2 of ground floor non-residential GFA. Of the 268 units, over 50% of the units are larger two- and three-bedroom units and 30% of the total units are planned to be affordable.
510 m away18 PORTLAND STSite planUnder Review
Proposal to permit the redevelopment of the site with a 22-storey mixed-use building, having a non-residential gross floor area of 2,770.5 square metres and a residential gross floor area of 13,765.5 square metres. A total of 182 residential dwelling units are proposed. Related applications: 21 232793 STE 10 OZ; 21 232800 STE 10 SB; and 22 151499 STE 10 OZ.
530 m away10 LOWER SPADINA AVEOfficial plan or zoning amendmentUnder Review
Zoning By-law Amendment application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of non-residential floor area at grade, and 511 apartment dwelling units.The proposed development has a gross floor area of approximately 32,363.6 square metres and a floor space index of approximately 20.46 times the lot area.
560 m away10 LOWER SPADINA AVESite planUnder Review
Site Plan Application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of non-residential floor area at grade, and 511 apartment dwelling units.The proposed development has a gross floor area of approximately 32,363.6 square metres and a floor space index of approximately 20.46 times the lot area.
560 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 13% below 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.6 km |
| Exhibition GO | GO Transit train: Lakeshore West | 1.7 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.7 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.8 km |
| King Station | TTC subway: Line 1 Yonge-University | 2.1 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 |
|---|---|---|---|
| The Waterfront SchoolToronto DSB | Public · grades JK–8 | 200 m | 83%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 350 m | 83%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 400 m | 84%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 2.1 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| City SchoolToronto DSB | Public · grades 9–12 | 200 m | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 2 km | 8%Grade 9 math |
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 2.1 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 3.3 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
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Sold prices in Waterfront Communities C1 are shown to signed-in members.