MLS® listing
55 Merchants' Wharf 530: condo apartment for sale
$525,000
From the listing brokerage
Welcome to Aqualina at Bayside by Tridel, one of Toronto's premier waterfront communities. This bright and beautifully maintained 1-bedroom suite offers an exceptional opportunity to own in one of the city's most sought-after lakefront neighbourhoods. The open-concept layout features floor-to-ceiling windows, soaring natural light, laminate flooring throughout, and a modern kitchen with built-in appliances and ample storage. Enjoy peaceful views toward Lake Ontario from your private Juliet balcony, the perfect spot for your morning coffee or an evening unwind. Thoughtfully designed for both comfortable living and entertaining, this suite offers an efficient layout with a bright, inviting living space and a seamless connection between the kitchen and living areas. Residents of Aqualina enjoy an impressive collection of resort-style amenities, including 24-hour concierge service, a rooftop infinity pool, fitness centre, yoga and spinning studios, theatre room, library, party room and more. Located along Toronto's vibrant waterfront, you're just steps from the boardwalk, parks, cafes, restaurants and lounges, while being minutes from the downtown core and the city's many conveniences.Whether you're a first-time buyer, professional, downsizer or investor, this is an excellent opportunity to own a stylish waterfront residence in a highly regarded Tridel community. Experience the lifestyle of waterfront living at Aqualina, where exceptional amenities, a connected location and the beauty of Lake Ontario come together.
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Approximate age | 6-10 |
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $499 |
| Property tax | $3,016 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Common Elements Included, Building Insurance Included |
| Building amenities | Gym, Game Room, Guest Suites, Outdoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden |
| Balcony | Juliette |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Other |
| Features | Beach, Lake/Pond, Other, Park, Public Transit, Waterfront |
| View | Lake |
| Floor | 5 |
Listing courtesy of THE AGENCY. MLS® C13836848.
About this condo apartment
55 Merchants' Wharf 530 is a 1 bedroom condo apartment in TRREB's Waterfront Communities C8 community in Toronto, listed for sale at $525,000. The listing shows 1 bathroom and 600-699 square feet. The style is given as apartment. The unit faces south west. It comes with an underground garage according to the listing. The nearest main intersection given is Queens Quay East & Merchants' Wharf. The age is listed as 6-10 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: gym, game room, guest suites, outdoor pool, party room/meeting room and rooftop deck/garden.
What it costs to buy 55 Merchants' Wharf 530
At the asking price of $525,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $525,000 |
|---|---|
| Ontario land transfer tax | $6,975 |
| Toronto municipal land transfer tax | $6,975 |
| Both taxes | $13,950 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $27,500 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $499 a month |
|---|---|
| Property tax (2026) | $3,016 a year, about $251 a month |
| Fee and tax together | about $751 a month |
The listing says the maintenance fee includes common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $525,000, which is $25,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. Ask whether a space or a locker comes with the unit and whether one can be rented in the building.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Downtown Waterfront
A condo market between the rail corridor and the lake, with Union station at its north edge. Almost every sale here is a condo apartment.
Transit: Union station (Line 1 and GO), St Andrew station (Line 1), Exhibition GO to the west, 509 Harbourfront, 510 Spadina and 504 King streetcars, 121 Esplanade-River bus
| Property type | Median | Sales and average |
|---|---|---|
| Waterfront Communities C1, all property types | $610,000 | 401 sales, average $730,812 |
| Waterfront Communities C1, condo apartment | About $607,000 | 396 sales, average about $726,000 |
| Waterfront Communities C1, condo townhouse | About $890,000 | 3 sales, average about $927,000 |
| Waterfront Communities C8, all property types | $597,500 | 114 sales, average $716,565 |
| Waterfront Communities C8, condo apartment | About $595,000 | 113 sales, average about $712,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Downtown Waterfront
What do waterfront condos in Toronto sell for?
From April to June 2026 TRREB recorded a condo apartment median of about $607,000 across 396 sales in Waterfront Communities C1 and about $595,000 across 113 sales in Waterfront Communities C8.
Is the downtown waterfront a good place to live without a car?
For transit it is well placed, with Union station for Line 1 and GO trains, St Andrew station on Line 1 and the 509 Harbourfront, 510 Spadina and 504 King streetcars. Exhibition GO is to the west.
Are there houses for sale on the downtown waterfront?
Very few. TRREB recorded no detached sales in either community from April to June 2026 and only one or two freehold sales, while 509 of the 515 sales were condo apartments.
Which parks are on the waterfront?
City parks include HTO Park, Sugar Beach Park, Sherbourne Common, Canoe Landing, Roundhouse Park, Berczy Park and David Crombie Park.
Are there community centres and libraries nearby?
Canoe Landing Community Recreation Centre is at 45 Fort York Boulevard and St. Lawrence Community Recreation Centre at 230 The Esplanade. The Toronto Public Library has Fort York and St. Lawrence branches.
Read the Downtown Waterfront neighbourhood guide · All Downtown Waterfront homes for sale
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Questions about 55 Merchants' Wharf 530
How much is land transfer tax on 55 Merchants' Wharf 530?
At the asking price of $525,000 the Ontario tax is $6,975 and the Toronto tax is $6,975, $13,950 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 55 Merchants' Wharf 530?
$27,500 at the asking price of $525,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 55 Merchants' Wharf 530?
The listing shows $499 a month, including common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 55 Merchants' Wharf 530?
The listing shows $3,016 a year for 2026, about $251 a month.
Is 55 Merchants' Wharf 530 priced above or below the median?
It is listed at $525,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $25,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 55 Merchants' Wharf 530?
Use the form on this page or call us. Quote MLS® C13836848. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 55 Merchants' Wharf 530 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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