406-555 Yonge Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C12968898
About this home
This spacious 593 sq. ft one-bedroom apartment in downtown Toronto offers an exceptional living experience, with generous room sizes that set it apart from other one-bedroom units in the area. The oversized bedroom can easily accommodate two queen-size beds, along with additional furniture, making it perfect for those who need extra space or plan to share with a roommate. The living room is equally expansive, offering a comfortable space for relaxing or entertaining.The apartment benefits from a desirable south-facing exposure, providing natural light and picturesque views of the downtown skyline. Its location places you within walking distance to key Toronto landmarks such as Yonge Street, Yorkville, Bloor Street, Wellesley Station, and the University of Toronto. Whether you're a professional working downtown or a student at one of the nearby universities, this apartment offers an ideal base for urban living.Convenience is key heresteps away from public transit, including Wellesley Station, you have easy access to all the city's amenities. The bustling Eaton Centre is just a short walk away, and you're also close to major shopping districts, including the high-end boutiques of Yorkville. With top-tier hospitals, such as the University Health Network, close by, as well as numerous dining, shopping, and entertainment options along Yonge Street and beyond, this apartment is well-connected to everything that makes downtown Toronto one of the most dynamic places to live.Whether you're looking for a quiet home base or a place to experience all the excitement that the city has to offer, this apartment provides both comfort and convenience. The proximity to cultural landmarks like the Royal Ontario Museum, world-class theaters, and lively nightlife means you'll always have something to do. Plus, the regular festivals and events throughout the year foster a vibrant sense of community. Locker is on the same level as the unit. First 6 Photos are virtually staged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12968898
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Yonge and Wellesley
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $749/mo
- Exposure
- North
- Property tax
- $2,111 / 2025
- Days on market
- 105
- Listing brokerage
- SUTTON GROUP-ASSOCIATES REALTY INC.
Rooms
combined w/living · hardwood floor
combined w/dining · hardwood floor · window
broadloom · double closet · window
breakfast bar · ceramic floor
Listed at $479,000, this home is right in line with comparable homes. 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 32 days.
Based on 48 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 48 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $355K, 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 $520K
- Adjusts to $520K
That comparable adjusts to $520K; the $473K estimate above is the median of all 48 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.
Its public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $473K, median of 48 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 3% below the area average of $895/sqft.
104 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 23, 2026); conventional rates run a little higher.
Mortgage amount $383,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,045
- Property tax
- $176
- Condo / maintenance fees
- $749
- Heating
- $0
- Estimated monthly cost
- $2,970
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,055
- Toronto municipal land transfer tax
- $6,055
- Estimated closing costs
- $12,110
Plus your down payment of $95,800. 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
- $122,694
- Principal paid down
- $48,801
- Interest paid
- $73,893
- Balance remaining
- $334,399
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 SUTTON GROUP-ASSOCIATES REALTY INC.. MLS®/PropTx.