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$855,000
400 Adelaide Street · Toronto · Ontario M5A 4S3
31 days on market
Welcome to Unit 706 at the iconic Ivory on Adelaide condo, a rare 983 sqft. corner suite offering exceptional space, natural light, and an outstanding downtown location. This bright and spacious 2-bedroom corner unit sits at the heart of Old Toronto. With desirable south and west exposures, the suite is filled with sunlight throughout the day. The thoughtfully designed layout features two spacious bedrooms and two full bathrooms. The primary bedroom offers a generous walk-in closet and private…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $44KPrice reduction
MLS shows the seller reduced the asking price by $44,000 (from $899,000 to $855,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: AIMHOME REALTY INC.
Source: TRREB/PROPTX · MLS® C13812588
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~950 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $38,923 | $3,244/mo |
| Government & taxes | ||
| Property tax | $4,029 | $336/mo |
| Land transfer tax(closing) | $13,575 | $1,131/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%) | $8,550 | $713/mo |
| Condo fees | ||
| Condo / HOA fees | $9,626 | $802/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 | $85,364 | $7,114/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.