8 The Esplanade Condos, Toronto

Downtown Real Estate Condos for Sale and Rent


8 The Esplanade, Toronto M5E0A6

L Tower was built by
Cityzen Development GroupCityzen has built an enviable reputation for its leading-edge design without compromising the quality and timeless endurance of its projects.
and completed in year 2013.

There are total 56 floors and approximately 592 units.

The building currently has 8 units on sale, and 14 for lease.

Condo monthly management fee includes: Heat, Water and Air Conditioning.

Condo facility includes: Gym, Concierge, Visitor Parking, Party/Meeting Room, Sauna, Guest Suites, Indoor Pool and Connection to PATH.

Condo Building Analysis

For Sale

Condo values have decreased 21.5% over the past two years.

Maintenance costs have increased 5.5% compared with last year.

Recent Adjusted Sold Price Range (Excluding Parking/Locker)
$730 – $800/sqft

For Lease

Recent Rent Range
$3.46 – $4.31/sqft

How This Condo Compares

Price Position
6.4% Lower
Recent sale prices are below similar-age condos in the community.
Maintenance Cost
9.5% Higher
Adjusted maintenance costs are above similar-age condo buildings in the community.
Effective Cost
4.3% Higher
Estimated occupancy costs are higher than similar-age condo buildings in the community after adjusting for included utilities.


School Information

Local Area Profile

This property is located in an area with a significant rental housing presence with a strong concentration of apartment and condominium housing. Approximately 75% of residents hold a bachelor's degree or higher, while about 12% have a college credential. Public transit is commonly used by local commuters, alongside driving.



Commute Information

Toronto Subway Union Subway Station: 0.3km (~6 mins walk)
GTA Go Train Union Go Train Station (0.4km)

Active listings

Unit Beds Baths Parkings Space(Sqf) Price($)
1111 1+1 2 1 700-799 770,000
3206 1+1 1 0 700-799 648,000
3511 2 2 1 800-899 890,000
1502 2+1 2 1 1000-1199 925,000
5403 1+1 1 1 600-699 558,000
3510 1 1 0 500-599 545,000
1605 1+1 2 0 800-899 659,000
4804 2+1 2 1 1200-1399 899,000


Location



Building's Remark

  • On the 11th floor and below, Unit 01 is located next to the garbage chute, while Unit 04 is directly opposite it.

    On the 11th floor and below, Unit feature 10 feet ceilings.

    The nearby condo buildings are1 Scott St, 1 The Esplanade, 18 Yonge St, 25 The Esplanade and 38 The Esplanade Ave. Another building close by is a social housing apartment 55 THE ESPLANADE.

Other Information

If you plan to buy or sell a condo or want to learn more about real estate investment opportunities in Toronto, please contact Toronto real estate agent Alan Zheng at 647-877-9311.

Looking beyond Downtown? Explore current market updates and properties with our dedicated Richmond Hill real estate, Markham real estate, and Vaughan real estate guides.



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