Homula Realty 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.

8 The Esplanade 5504, Toronto, ON M5E 0A6

2 beds · 2 baths · 1 kitchen · 5 rooms · 1 parking space · 1000-1199 sq ft · Locker · Laundry in unit · Condo Apartment
$1,002,320

Utilities includedHeat · Central Air Conditioning · Water

Maintenance fee
$1,219 / month
Property tax
$6,115 / year
Included in the fee
Heat, CAC, Water

Unit 5504 At The L Tower Is A Fantastic North West Corner Unit That Offers Fantastic 2 Bedroom And 2 Bath Setup With Breathtaking City And Water Views! Floor To Ceiling Window Throughout, Filling The Entire Unit With Light. Steps To St Lawrence Market, Union Station, Financial Centre, Entertainment, The Distillery, The Harbour Front, Scotiabank Arena, Roger Centre And The Airports. Living In The 6Ix Cannot Get Any More Convenient Than This Location. Building Amenities: Gym, Indoor Pool, Sauna, Theatre Room, Party/Meeting Room, Guest Suites Etc.***CN Tower is no longer visible, as it is blocked by CIBC North Tower; Photos are from Previous Listing Prior to Current Tenant, Actual Current Setup and Furniture at the Property Are Different from the photos***

MLS number
C13716608
Type
Condo Apartment
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
M5E 0A6
Photos
29
Locker
Yes — Owned
Laundry
Ensuite
Included in the fee
Heat, CAC, Water
18days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Market Lane Junior and Senior Public School7.4 / 10
Elementary · Regular Track
TDSB boundary
Jarvis Collegiate Institute5.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Agile Preparatory AcademySecondary438 mNot reported
Keystone SchoolElementary and secondary487 mNot reported
Concordia Ontario AcademySecondary504 mNot reported
Maplebridge International SchoolElementary and secondary512 mNot reported
Downtown Alternative School
Toronto DSB
Elementary508 mNot reported
St Michael Catholic School
Toronto CDSB
Elementary560 m6.7 / 10
67% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Condo Apartments in Waterfront Communities C8671 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$568k$790k$1.01M20252026this home’s asking price
$618klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d18d37d20252026
36dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in waterfront communities c8. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 2,036 people.

$105,000Median household income
41.9%Own their home
0.4%Detached houses
34.8Median age
37.8%Born outside Canada
71.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204897 — the few blocks around this address, home to 2,036 people. It describes the area, not this property.

2,036Population
40.4Average age
1.5Household size
$141,400Average household income
$105,000Median household income
42%Own their home
58%Rent
86%Condominiums
38%Born outside Canada
71%University degree
$940,000Average home value
12%Low income
29%Not in the labour force
41%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9992%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over34%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over13%

Percentages are of the 2,040 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$200,464 · minimum here is $75,232
$4,438.06per month
Borrowed before insurance$801,856
Total borrowed$801,856
Interest over 25 years at 4.5%$529,561

If you rented it out

-$6,166.64per month out of pocket
Rent$0.00
Everything it costs to hold$6,166.64
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 8 still in progress.

61 ADELAIDE ST E301 m
Under Review · applied November 28, 2025

Combined Official Plan & Zoning By-law Amendment for a new 63-storey mixed-use building, containing approximately 370 dwelling units.

City planning file →
1 FRONT ST W275 m
Council Approved · applied June 24, 2025

Combined Official Plan & Zoning By-law Amendment for a 2 tower mixed-use building (45 and 49 storeys) atop the historic Dominion Public Building.…

City planning file →
56 YONGE ST136 m
Under Review · applied April 7, 2025

Proposed redevelopment of the 12-storey office building at 60 Yonge Street with a 65-storey mixed-use building that includes a 5-storey base building, topped with a 61-storey residential tower, for an overall building height of 246.2 metres (including the mech…

City planning file →
55 YONGE ST94 m
Under Review · applied October 21, 2024

Combined Official Plan & Zoning By-law Amendment for a 68-storey residential building with at-grade retail space and 836 residential dwelling units.

City planning file →
22 FRONT ST W259 m
OMB Appeal · applied August 9, 2023

Site Plan application for a 40-storey mixed-use building that would integrate the existing designated heritage building into the base of the tower and would contain approximately 625 square metres of retail space on the ground floor and 480 rental dwelling uni…

City planning file →
22 FRONT ST W259 m
Council Approved · applied May 8, 2023

Official Plan and Zoning By-law Amendment application for 52-storey mixed-use building that would integrate the existing designated heritage building into the base of the tower and would contain approximately 546 square metres of retail space on the ground flo…

City planning file →
23 TORONTO ST264 m
Under Review · applied April 26, 2023

Site Plan Control application to permit a 80 storey mixed use building containing 816 residential dwelling units, 1,599 square metres of retail space, 2,620 square metres of office, and 49 car parking spaces.

City planning file →
61 FRONT ST W290 m
Under Review · applied January 25, 2023

The Project includes:· Construction of two new platforms, with canopies, stairs and elevators; and· A new concourse area below the new platforms that will connect the York, Bay and VIA Concourses, Union Square and the Scotiabank Galleria and both York and Bay …

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA. Listing data provided by the Toronto Regional Real Estate Board.