Basement-184 Madison Avenue, Toronto, ON
Annex, Toronto · MLS® C13017510
About this home
Welcome to The Annex - one of Toronto's most vibrant and sought-after neighbourhoods! This spacious 2-bedroom lower-level unit offers incredible value in one of the city's most walkable and culturally rich communities. The flexible layout allows the second bedroom to be used as a living room, home office, or guest space, making it perfect for young professionals or couples looking for versatile living. All utilities included - heat, hydro, and water - making budgeting simple and stress-free. Steps from Bloor-Yonge and Spadina TTC subway stations, commuting across the city has never been easier, with world-class institutions, major hospitals, and endless amenities all within minutes. Stroll to the upscale boutiques and restaurants of Yorkville, explore the indie shops and cafés that define Annex living, or enjoy the countless parks and green spaces nearby. Don't miss your chance to live at the heart of it all - available immediately.
Key facts
- Property type
- Other, 2 1/2 Storey
- MLS®
- C13017510
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 2000-2500
- Lot
- 23.5 × 104 ft
- Cross streets
- Spadina and Dupont
- Parking
- 0 parking
- Basement
- Apartment
- Heating
- Water
- A/C
- Other
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Days on market
- 94
- Listing brokerage
- SUTTON GROUP-ASSOCIATES REALTY INC.
Rooms
tile floor · 4 pc bath
vinyl floor · window · closet
window · vinyl floor · closet
tile floor · window
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent leases and give you a straight answer on what it will really take.
Ask Moe if this price is fairIts 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.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Annex, 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 $1,480 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8
- Property tax
- $1
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9
- Toronto municipal land transfer tax
- $9
- Estimated closing costs
- $19
Plus your down payment of $370. 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
- $474
- Principal paid down
- $188
- Interest paid
- $285
- Balance remaining
- $1,292
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.
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.