Sugar Wharf · 138 Downes St Waterfront Condo Guide
138 Downes St · Toronto
What kind of building is Sugar Wharf?
Sugar Wharf (138 Downes St, East Tower) is Menkes' signature master-planned waterfront community in Toronto's East Bayfront, positioned near Queens Quay E at the foot of Yonge Street. Featuring an on-site public park, direct retail access to Farm Boy supermarket and the LCBO flagship store, the building is managed by Menres Property Management. Amenities include an indoor lap pool, multi-level fitness complex, outdoor track, music studios, co-working lounges, and 24-hour concierge. Arthur manages 2 units and has completed 3 transactions here, pairing verified market figures with direct operational experience.
Source: TRREB listing data via PropTx and Arthur's management and closing records
Building profile
Aggregated from 17 current TRREB listings, not the corporation’s official records · as of 2026-09-11
Market snapshot for this building
1-Bed & 2-Bed Market Reference
| Layout | Estimated Rent | Estimated Price |
|---|---|---|
| 1 Bedroom | $2,300–$2,600 /mo | $495,000–$555,000 |
| 2 Bedrooms | $3,200–$3,600 /mo | $615,000–$695,000 |
Calibrated from TRREB 2026 Q2 Rental Report and 2026-09 MLS HPI benchmarks, aligned with historical building closings. For planning reference only. As of 2026-09.
See every active listing at 138 Downes St on the search page →
Data as of 2026-09-11 · Source: TRREB via PropTx · active listings as counts and ranges only, closed sales as aggregates only
Arthur at Sugar Wharf
Arthur’s closed deals at Sugar Wharf (3)
| Year | Type | Beds | Price |
|---|---|---|---|
| 2024 | Leased | 1 | $2,250/mo |
| 2023 | Leased | 3 | $4,300/mo |
| 2023 | Leased | 1 | $2,250/mo |
Prices follow the Portfolio page, where the full record lives.
First-hand notes on Sugar Wharf
From Arthur’s own management and closings in this building; rents are shown as bands, never per unit.
Achieved rent bands by unit type
| Type | Monthly rent band | As of |
|---|---|---|
| 1 | $2,200–2,450 | 2026-09 |
| 2 | $2,900–3,300 | 2026-09 |
Waterfront Demographic & Lifestyle
Tenants comprise Financial District professionals, technology employees, and young families attracted to modern lakeside living. With grocery and retail integrated downstairs, residents can walk to Union Station and the Financial Core in 12 to 15 minutes, or take the dedicated Queens Quay LRT line, with rental listings moving steadily.
Menres Management & House Rules
Managed by the developer's own Menres Property Management, with written house rules. Move-in and move-out elevator reservations require formal booking and a deposit with management. Access and parcel lockers are electronic.
Floorplan Efficiencies & Lake View Premiums
Features highly efficient one-bedroom and one-plus-den layouts, complemented by multi-bedroom corner suites. High-floor south-facing suites offering panoramic Lake Ontario vistas command significant premiums over city-facing units; floor height verification is essential during selection.
Asset Management & Community Outlook
As a cornerstone anchor of Toronto's East Bayfront revitalization, future infrastructure enhancements include planned indoor PATH connectivity and a new waterfront community elementary school. Ongoing attention should center on warranty completions and long-term capital stewardship.
Neighbourhood and commute: Waterfront Communities C8
Directly hugging the Lake Ontario shoreline, steps to Sugar Beach, the Toronto Island ferry docks, and scenic waterfront trails. Downstairs retail anchors include Farm Boy and boutique dining, near the George Brown Waterfront campus, blending lakeside leisure with downtown proximity.
Frequently asked
What is covered under the maintenance fee at Sugar Wharf?
According to MLS listings and management records, fees cover water, common element maintenance, building insurance, and 24-hour concierge; hydro and heating/cooling are metered separately.
Are pets permitted at 138 Downes St?
Pets are allowed subject to standard TSCC 3039 corporation bylaws; the surrounding waterfront promenade and adjacent community parks offer ample pet-friendly recreation.
How is parking and transit access at Sugar Wharf?
The building includes underground resident parking and visitor stalls. Transit is accessible via the Queens Quay LRT 2 minutes away, or an easy 12 to 15-minute walk to Union Station.
Talk to Arthur about Sugar Wharf
Arthur Zhao · Real Estate Broker · FRI · ABR · SRS · PSA · MCNE · E-PRO · CLHMS & GUILD Elite · REAIS · VP & Branch Manager, Bay Street Group Inc.
