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$639,000
556 MARLEE Avenue · Toronto · Ontario M6B 0B1
Welcome to 556 Marlee Avenue, where modern design meets everyday convenience. This beautifully appointed 1-bedroom + den, 1-bath condo offers the perfect balance of style, comfort, and location - ideal for young professionals, first-time buyers, or savvy investors. Step into a bright and open-concept living space filled with natural light. The modern kitchen features sleek cabinetry, stainless steel appliances, and ample counter space - perfect for cooking and entertaining. The spacious bedroom…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: INTERNATIONAL REALTY FIRM, INC.
Source: TRREB/PROPTX · MLS® W12502656
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~550 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 48% of your true cost of ownership. The other 52% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $29,090 | $2,424/mo |
| Government & taxes | ||
| Land transfer tax(closing) | $9,255 | $771/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%) | $6,390 | $533/mo |
| Condo fees | ||
| Condo / HOA fees | $4,869 | $406/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 | $60,264 | $5,022/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.