MDMoh DianMohammad Hassan Mohammadian · Realtor®

Cove at Waterways exterior at 39 Annie Craig Drive

Humber Bay Shores building intelligence · September 2026

Cove at Waterways: the repeated 1-bedroom cell fell 8.2% while the mixed apartment median rose.

Ten broker full sheets were re-opened across matched Jan. 1-Sep. 20 windows. The useful signal is not the mixed median: it is the repeated 1-bedroom product, with the 2026 townhouse and larger two-bedrooms kept from distorting the comparison.

By Moh Dian · Data through September 20, 2026

5 sales in 20255 records in 2026TSCC 2830

Do not compare a townhouse and a small condo as if they were the same home

A Cove condo sold in 2026. Is the rising building median the price signal you should use?

Picture a buyer shopping for a compact one-bedroom at Cove at Waterways and an owner deciding whether to list a similar unit. They see a historical 2026 condo-apartment median of $605,000, up from $580,000 in the 2025 snapshot. But the four 2026 apartment sales included two larger two-bedroom suites, while all five matched 2025 apartments were smaller one-bedrooms. In the repeated one-bedroom 500–599 ft² cell, the median actually moved from $580,000 to $532,500. This is an illustrative buyer-seller decision, not an actual current listing or an appraisal.

For a buyer choosing a layout

Choose the physical product, then compare the price.

A 500–599 ft² one-bedroom and a 700–799 ft² two-bedroom are not interchangeable comparable homes. The 2026 apartment sample contained two sales of each type; the $950,000 two-storey townhouse was kept out of the apartment median entirely.

Next check: Match the bedroom count, room dimensions, size, floor, exposure, parking and locker rights. Verify the exact suite's TSCC 2830 status certificate and monthly budget before relying on historical price comparisons.

Decide which layout really fits →

For a condo owner planning to sell

The mixed complex median should not set your listing price.

The repeated 1-bedroom sample had only five sales in 2025 and two in 2026, yet its median screened about 8.2% lower even as the broader mixed apartment median rose roughly 4.3%. Those two figures measure different sale mixes.

Next check: Use current active competition and past sales in the closest same-bedroom and size cell, then compare floor, outlook, inclusions, maintenance costs and condition before choosing a price and preparation budget.

Work through the seller preparation and pricing decision →

The three distinctions that prevent a misleading comparison

Am I comparing condo apartments with condo apartments, or accidentally mixing in the separate $950,000 townhouse product?
Do the bedrooms, square-footage bands, condition, view and parking or locker rights match the actual home I care about?
Does the quote describe historical closed sales or today's asking competition, and have I verified TSCC 2830 fees and rules?

The evidence remains the original ten verified 2025–2026 broker full sheets, with five 2025 apartment sales and four 2026 apartment sales plus one separate townhouse. The repeated one-bedroom product comparison uses five and two sales, and exact-area coverage is incomplete in 2025. These medians are not forecasts or suite appraisals.

2026 resale snapshot

Four condo-apartment sales, plus one townhouse kept separate.

The apartment cohort contains two 1-bedroom 500-599 sq. ft. sales and two larger 2-bedroom 700-799 sq. ft. sales. That mix is why the $605,000 apartment median should not be compared naively with 2025.

42026 apartment sales

$605KMixed apartment median

22 daysApartment median DOM

3 / 4Sold within 30 days

4 / 42026 exact-area coverage

$950KSeparate townhouse sale

The townhouse at TH 101 is a two-storey 1,156 sq. ft. product and is not included in the condo-apartment median or repeated-cell analysis.

Strict repeated product

The 1BR 500-599 sq. ft. cell gives the cleanest year-over-year signal.

5 → 2 sales

Repeated 1BR apartment sample size.

$580K → $532.5K

Median sold price: about −8.2%.

$1,037 → $938

Median exact-area $/ft² in the available subset: about −9.5%.

26 → 30.5 days

Median days on market.

Exact-area coverage in this repeated cell is 3 of 5 sales in 2025 and 2 of 2 in 2026. The total-price comparison uses all seven repeated-cell sales; the $/ft² comparison uses only records with exact area.

Why the headline median misleads

The 2026 apartment median is higher because the sold mix got larger.

Every 2025 apartment in the matched window was a 1-bedroom in the 500-599 sq. ft. band. In 2026, half the apartment cohort consists of 2-bedroom 700-799 sq. ft. suites, sold at $675,000 and $677,500.

$580K2025 mixed apartment median

$605K2026 mixed apartment median

+4.3%Raw apartment-median change

$675K2026 2BR sale

$677.5K2026 2BR sale

Do not use+4.3% as a like-for-like rate

The raw median and the repeated 1-bedroom cell point in opposite directions because the 2026 sample contains a different physical product mix.

Exact-area & carrying-cost context

Broad $/ft² also needs a coverage and mix warning.

Exact reported area is present on three of five 2025 apartments and all four 2026 apartments. The broad medians therefore combine both a changing product mix and changing data coverage.

60%2025 exact-area coverage

100%2026 exact-area coverage

$1,037 → $900Broad median sold / exact ft²

−13.2%Broad exact-area change

$0.8102025 median maintenance / ft²

$0.8792026 median maintenance / ft²

Historical MLS maintenance fields are screening context, not a substitute for the current TSCC 2830 status certificate, budget, reserve-fund information, insurance and any current special-assessment or litigation disclosure.

Building identity

39 Annie Craig Drive · Cove at Waterways · TSCC 2830.

Public building references describe Cove at Waterways as a Conservatory Group development designed by Richmond Architects, approximately 17 storeys and 281 suites, with occupancy/completion commonly referenced around 2019 and condominium registration following in 2021.

39Annie Craig Dr

2830TSCC

17Public-reference storeys

281Public-reference suites

Public amenity references include concierge, indoor pool, fitness facilities, guest suites, party/meeting space, visitor parking, bike storage and outdoor terrace/BBQ areas. Verify current access, rules and fees from the condominium documents.

Verified Cove photography

Waterfront exposure, a broad podium form and direct Humber Bay context.

These images come from verified 2026 sold-listing photography. Brokerage watermarks are preserved.

Lake Ontario and Toronto skyline view from a verified Cove at Waterways sale — Verified lake and skyline view context

Cove at Waterways lobby from a verified sold listing — Lobby context

REALM listing photography from MLS® W13603774; source brokerage watermark preserved.

Humber Bay waterfront and Toronto skyline from Cove at Waterways

Humber Bay Shores context

Use the neighbouring waterfront buildings as secondary checks—not automatic substitutes.

For a live Cove valuation I would start inside TSCC 2830, then widen to nearby Annie Craig and Shore Breeze buildings only after controlling for exact area, layout, floor, exposure, view, parking, locker, condition and carrying costs.

Water’s Edge 38 Annie Craig — separate 56-storey tower →Lago 56 Annie Craig →Ocean Club 59 & 60 Annie Craig →Vita on the Lake 70 Annie Craig →Jade Waterfront 33 Shore Breeze →Humber Bay Shores guide →

Methodology

How the Cove cohort was built.

1. Scope. Exact-address sold records at 39 Annie Craig Drive were isolated for January 1-September 20 in 2025 and 2026.

2. Full-sheet verification. All ten qualifying broker full sheets were re-opened. Sold date, price, DOM, bedroom count, reported size band, exact area when present, maintenance, parking, locker and corporation fields were preserved.

3. Product separation. The 2026 condo-townhouse sale is materially different from the apartment cohort and is not blended into apartment medians.

4. Strict repeated cell. The same 1-bedroom + 500-599 sq. ft. + Apartment cell appears in both years, so its price and DOM medians are reported separately from mixed-product results.

5. Exact-area limitation. Exact area is missing on two 2025 repeated-cell sheets, so the $/ft² comparison uses the documented subset and is labelled accordingly.

Sources & verification

Transaction evidence first; public sources for building identity.

Condos.ca — Cove at Waterways building reference↗Humber Bay Living — Cove at Waterways local building reference↗

FAQ

Questions buyers and owners ask about Cove at Waterways.

What sold at Cove at Waterways in 2026?

From January 1 through September 20, 2026, I verified four completed condo-apartment sales at 39 Annie Craig Drive plus one condo-townhouse sale. The townhouse is kept separate from the apartment analysis.

Did condo prices rise or fall at Cove at Waterways?

The mixed apartment median rose from $580,000 to $605,000, but that is not like-for-like because 2026 includes two larger two-bedroom sales. The repeated 1-bedroom, 500-599 sq. ft. apartment cell moved from a $580,000 median in 2025 to $532,500 in 2026, about 8.2% lower.

What happened to 1-bedroom pricing?

The strict repeated 1-bedroom, 500-599 sq. ft. cell contains five 2025 sales and two 2026 sales. Its median sold price moved about 8.2% lower, while median exact-area price per square foot in the available subset moved about 9.5% lower.

What condominium corporation is Cove at Waterways?

All ten verified matched-window broker full sheets carry corporation number 2830. Public building references identify Cove at Waterways as TSCC 2830 at 39 Annie Craig Drive.

Is the $950,000 townhouse included in the condo-apartment median?

No. The September 2026 townhouse sale is a materially different two-storey product and is preserved separately rather than blended into the apartment cohort.

Should I use Cove at Waterways' higher 2026 condo median as an owner or buyer valuation?

No. The 2026 mixed apartment median rose partly because two larger two-bedroom apartments entered the four-sale sample. A repeated 500–599 ft² one-bedroom cell moved from a $580,000 median in 2025 to $532,500 in 2026 on five and two sales. The $950,000 townhouse is excluded. Use like-for-like completed sales and current competition for the exact property.

Unit-level Cove analysis

Comparing a condo at 39 Annie Craig?

Use exact area, layout, floor, exposure, view, parking, locker, condition and current TSCC 2830 documents instead of applying the mixed building median.