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$518K · 2+1 bed Condo Apartment · Bay Street Corridor, Toronto | MyPropertyScout

$518,000

Unit 1402

18 DOM

2+1118d

Map

DOM 18

$518,000

DOM18days

Unit 1402

55 Centre Avenue · Toronto · Ontario M5G 2H5

MLS® C13517504 · Bay Street Corridor · M5G 2H5

2+11Partial800-899 ft²Condo Apartment1-car UndergroundNo basement18d$610/ft²$2,547 tax/yrNo basement

18 days on market

About this home

Rare turnkey investment opportunity in the heart of downtown Toronto! Professionally converted with city-approved permits and renovations from a spacious 1+Den into a highly functional 3-room furnished rental, ideally suited for students attending U of T, Toronto Metropolitan University, and nearby hospitals. Recent upgrades include new flooring, fresh paint, partition walls, an additional bedroom, and upgraded smoke detectors. Bright corner suite with over 800 sq. ft., large windows, generous s…

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Property details

MLS#: C13517504
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2+1
Baths: 1 full, 0 half
Rooms: 1
Kitchens: 1
Size: 800-899Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Partial
Washrooms: 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 868
Balcony: None
Locker: Owned
Fees include: Heat Included, CAC Included, Common Elements Included, Parking Included, Water Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Dundas St & University Ave
Stories: 14
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: CENTURY 21 ATRIA REALTY INC.

Source: TRREB/PROPTX · MLS® C13517504

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$518K

Unit 1402 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $518,000✓ $2,547 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,106/mo

incl. closing costs (yr 1)

Annual total

$61,273

year 1

Mortgage only

$1,965/mo

principal + interest

Beyond mortgage

$2,113/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$103,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$212/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,180/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$87/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,835

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)38% $23,582/yr

Property taxes15% $9,382/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $5,180/yr

Condo fees20% $12,469/yr

Closing costs8% $5,100/yr

Mortgage is 38% of your true cost of ownership. The other 62% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$23,582	$1,965/mo
Government & taxes
Property tax	$2,547	$212/mo
Land transfer tax(closing)	$6,835	$570/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,180	$432/mo
Condo fees
Condo / HOA fees	$12,469	$1,039/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$61,273	$5,106/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 1402

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs