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$699,000
400 Adelaide Street · Toronto · Ontario M5A 4S3
25 days on market
Welcome to Ivory on Adelaide, ideally located in the heart of downtown Toronto. This bright and spacious 862 sq. ft. 2-bedroom, 2-bathroom suite features a highly functional split-bedroom layout offering excellent privacy and comfortable everyday living. The open-concept kitchen, dining and living area is perfect for both relaxing and entertaining, featuring stainless steel appliances and ample workspace. Floor-to-ceiling windows fill the suite with natural light, while two walkouts lead to a pr…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $26KPrice reduction
MLS shows the seller reduced the asking price by $25,800 (from $724,800 to $699,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: BAY STREET GROUP INC.
Source: TRREB/PROPTX · MLS® C13833398
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~850 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 44% of your true cost of ownership. The other 56% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $31,821 | $2,652/mo |
| Government & taxes | ||
| Property tax | $3,599 | $300/mo |
| Land transfer tax(closing) | $10,455 | $871/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%) | $6,990 | $583/mo |
| Condo fees | ||
| Condo / HOA fees | $8,573 | $714/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 | $72,098 | $6,008/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.