1401-50 Lombard Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C12887868
About this home
Check out this 14th floor suite in a boutique building with an indoor parking space. It's a 936 sq. ft., 2-bed, 1-bath condo for the price of a much smaller unit in downtown Toronto! With oversized rooms that transition effortlessly, your home will be bathed in natural light and provide ample space for both relaxation and entertaining. This timeless structure offers residents fantastic amenities, such as a fitness centre, a double-level party room, a rooftop terrace, and a guest suite. Location elevates this property even further. The St. Lawrence Market district is steps away for easy grocery runs. Union Station is a 15-minute walk, connecting you to GO Transit and VIA Rail. The building is within a block of two subway stations. You'll appreciate the nearby green spaces such as St. James Park and Berczy Park. George Brown, TMU, and U of T. are minutes away. Heating and cooling, as well as water, are included in maintenance fees, representing good value, including 24/7 security. On-site property management is available five days weekly, while cleaning services operate six days a week. Book a viewing today!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12887868
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 900-999
- Cross streets
- Adelaide St. E & Church St.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,333/mo
- Exposure
- North East
- Property tax
- $2,707 / 2025
- Days on market
- 128
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
hardwood floor · overlooks living
hardwood floor · double closet
marble floor · galley kitchen · b/i appliances
hardwood floor · closet
hardwood floor · overlooks dining · ne view
Listed at $599,000, this home is about 19% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Church-Yonge Corridor lately, sellers have been getting about 96% of asking and homes sell in about 36 days.
Based on 67 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 67 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $478K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $1.10M
- Bedrooms −$20K
- Bathrooms −$10K
- Adjusts to $1.07M
That comparable adjusts to $1.07M; the $738K estimate above is the median of all 67 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Market Lane Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $738K, median of 67 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 30% below the area average of $904/sqft.
127 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Church-Yonge Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $479,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,557
- Property tax
- $226
- Condo / maintenance fees
- $1,333
- Heating
- $0
- Estimated monthly cost
- $4,116
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,455
- Toronto municipal land transfer tax
- $8,455
- Estimated closing costs
- $16,910
Plus your down payment of $119,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $153,431
- Principal paid down
- $61,026
- Interest paid
- $92,405
- Balance remaining
- $418,174
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.