Loading neighbourhood intel…

$629K · 2+1 bed Condo Apartment · Unit 501, 7 Bishop Avenue, Toronto, Ontario M2M 4J4 | HomeSearchCanada

$629,000

Unit 501

18 DOM

2+1118d

Map

DOM 18

$629,000

DOM18days

Unit 501

7 Bishop Avenue · Toronto · Ontario M2M 4J4

MLS® C13686398 · Newtonbrook East · M2M 4J4

2+11Vacant1200-1399 ft²Condo Apartment1-car UndergroundNo basement18d$484/ft²$2,843 tax/yrNo basement

18 days on market

About this home

Welcome to this newly renovated condo offering the perfect blend of comfort, style, and convenience in the heart of North York! This bright and airy condo features 2+1 bedrooms and 2 bathrooms with spacious living and dining areas, ideal for both relaxing and entertaining. Large windows and pot lights fill the space with plenty of light, creating a warm and inviting atmosphere throughout. Enjoy the convenience of ensuite laundry and 24-hour concierge. Included in this move-in ready condo are 2 s…

Reserved · coming next

HomeSearchCanada exclusive

Reserve your Home Buyers Package

Could save you thousands on this purchase — closing strategy, negotiation & rebate.

MyStreetValue™ Analysis

Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →

Property details

MLS#: C13686398
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2+1
Baths: 1 full, 0 half
Rooms: 6
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Vacant
Washrooms: 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Public Transit, School

Condo corp #: 878
Balcony: Terrace
Locker: Owned
Association amenities: Visitor Parking, Indoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden, Gym
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Common Elements 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: Concrete
Fronting on: —
Cross street: Yonge/Finch
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: —

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

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: KELLER WILLIAMS REFERRED URBAN REALTY

Source: TRREB/PROPTX · MLS® C13686398

Do you own a home in Toronto?

Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.

Get My StreetValue™ →

$629K

Unit 501 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $629,000✓ $2,843 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,986/mo

incl. closing costs (yr 1)

Annual total

$71,830

year 1

Mortgage only

$2,386/mo

principal + interest

Beyond mortgage

$2,387/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$125,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$237/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 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%$6,290/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)$100/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$9,055

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $28,635/yr

Property taxes17% $11,898/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $6,290/yr

Condo fees20% $14,347/yr

Closing costs7% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,635	$2,386/mo
Government & taxes
Property tax	$2,843	$237/mo
Land transfer tax(closing)	$9,055	$755/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%)	$6,290	$524/mo
Condo fees
Condo / HOA fees	$14,347	$1,196/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	$71,830	$5,986/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.

Unlock Insider Deals

Sign in

Unit 501

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

Request a Showing

Request a Showing

Annual costs