Loading neighbourhood intel…
Loading neighbourhood intel…
$550,000
88 Grangeway Avenue · Toronto · Ontario M1H 0A2
156 days on market
East facing spacious 2 bedroom + den , 2 full washroom condo offering open concept living in a quit, Well managed building, Enjoy unobstructed views from large L-shaped balcony. Beautiful layout features a sun-filled living, dining area, a functional den ideal for a home office and 2 generously sized bedrooms including a primary with ensuite. Includes 1 parking and 1 locker. Walking distance to public transit, grocery store, school, hospital and major shopping malls. Future new subway station at…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Book a call for full analysis. Get a full analysis →
Seller signals
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: HOMELIFE/MIRACLE REALTY LTD
Source: TRREB/PROPTX · MLS® E13147962
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™ →Monthly carrying costs, utilities, and closing cost estimates.
20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,100 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 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $25,038 | $2,087/mo |
| Government & taxes | ||
| Property tax | $2,850 | $238/mo |
| Land transfer tax(closing) | $7,475 | $623/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%) | $5,500 | $458/mo |
| Condo fees | ||
| Condo / HOA fees | $10,784 | $899/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 | $62,308 | $5,192/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.