Loading neighbourhood intel…

$4M · 2 bed Condo Apartment · Unit 501, The Riverstone, 50 Old Mill Road, Toronto, Ontario M8X 1G7 | HomeSearchCanada

$3,998,000

Unit 501

23Vacant

Map

$3,998,000

Unit 501

The Riverstone · 50 Old Mill Road · Toronto · Ontario M8X 1G7

MLS® W12395569 · Kingsway South · M8X 1G7

23Vacant2750-2999 ft²Condo Apartment2-car UndergroundNo basement$1,391/ft²$16,175 tax/yrBuilt 198541 yrs oldNo basement

About this home

This rare full-floor penthouse at The Riverstone offers 2,959 sq. ft. of living space with sweeping views of both the city skyline and Humber River. Direct elevator access opens to a bright, functional layout featuring engineered hardwood throughout and custom-built cabinetry. The kitchen includes premium appliances such as a Wolf cooktop and oven, Falmec hood, and custom millwork. The living room features a marble-faced fireplace with quartz hearth, perfect for relaxed evenings or entertaining…

Reserved · coming next

HomeSearchCanada exclusive

Reserve your Home Buyers Package

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

MyStreetValue™ Analysis

Book a call for full analysis. Get a full analysis →

Property details

MLS#: W12395569
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 3 full, 0 half
Rooms: 7
Kitchens: 1
Size: 2750-2999Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: 1985

Occupancy: Vacant
Washrooms: 4 pc · Main; 3 pc · Main; 2 pc · Main
Family room: Family room
Central vacuum: No
Ensuite laundry: Ensuite laundry

Fireplace features: Living Room

Building name: The Riverstone
Condo corp #: 623
Balcony: Terrace
Locker: Exclusive
Fees include: Water Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Bloor St. W and Old Mill Road
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Interior: Carpet Free
Parking features: —

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: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® W12395569

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™ →

$4M

Unit 501 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $3,998,000✓ $16,175 tax✓ Electric✓ 2750-2999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$30,558/mo

incl. closing costs (yr 1)

Annual total

$366,694

year 1

Mortgage only

$15,167/mo

principal + interest

Beyond mortgage

$7,730/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$799,600

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,348/mo

Utilities

Hydro / electricity$111/mo

≈ $0.13/ft² × ~2,875 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$39,980/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)$226/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$86,425

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $182,006/yr

Property taxes28% $102,600/yr

Utilities1% $2,888/yr

Insurance & security0% $1,600/yr

Maintenance11% $39,980/yr

Condo fees9% $32,520/yr

Closing costs1% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$182,006	$15,167/mo
Government & taxes
Property tax	$16,175	$1,348/mo
Land transfer tax(closing)	$86,425	$7,202/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,328	$111/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$39,980	$3,332/mo
Condo fees
Condo / HOA fees	$32,520	$2,710/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	$366,694	$30,558/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

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

Request a Showing

Request a Showing

Annual costs