310-117 Gerrard Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13085506
About this home
Rarely Offered 2+1 Bedroom, 2 Full Bathroom Suite With Parking, Steps From TMU, Boutique TO Condominium, 13 Floor Building Situated At Corner Of Gerrard Street East And Jarvis. Vibrant Downtown Living Experience In Toronto's Sought After Church Street Corridor. Bright, Spacious Living Areas With Medium Sized Windows Provide Ample Natural Light And Unobstructed Vistas In Very Quiet Building. Enclave Kitchen Complements Open Layout. Both Full Bathrooms Have Been Thoughtfully Upgraded, Featuring A Brand New Renovated Bathroom That Adds Modern And Fresh Appeal. Unit Also Boasts Upgraded Flooring Throughout. Included 1 Parking Spot For Convenience. Residents Have Access To Variety Of Amenities Including Fitness Room, Outdoor Patio With BBQ Stations, Outdoor Jacuzzi An Ideal Spot To Unwind, Especially During Colder Months. Visitor Parking Also Available. Location Is Perfect For Those Seeking Lively Downtown Lifestyle. Yonge Dundas Square Is A Short Walk Away, Surrounded By An Array Of Restaurants, Bars, Cultural Attractions. Great Option For Students, Being Close To Toronto Metropolitan University (Formerly Ryerson University), Making It Easy To Live Solo Or Share With Roommates. Proximity To Major Landmarks Like Eaton Centre, St. Michaels Hospital, Offering A Seamless Blend Of Convenience And Urban Excitement.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13085506
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Jarvis St./Gerrard St.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,380/mo
- Exposure
- West
- Property tax
- $2,956 / 2025
- Days on market
- 78
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
laminate · walk-in closet(s) · mirrored closet
laminate · separate room · picture window
ceramic floor · modern kitchen · separate room
laminate · closet · window
parquet · combined w/living · large window
parquet · combined w/dining · large window
Listed at $580,000, this home is about 34% 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 97% of asking and homes sell in about 32 days.
Based on 64 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 64 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $510K, 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 $1.25M
- Bedrooms +$23K
- Adjusts to $1.27M
That comparable adjusts to $1.27M; the $881K estimate above is the median of all 64 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 Lord Dufferin 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 $881K, median of 64 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
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 homesThis home lists 38% below the area average of $854/sqft.
77 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 $464,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,476
- Property tax
- $246
- Condo / maintenance fees
- $1,380
- Heating
- $0
- Estimated monthly cost
- $4,102
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,075
- Toronto municipal land transfer tax
- $8,075
- Estimated closing costs
- $16,150
Plus your down payment of $116,000. 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
- $148,565
- Principal paid down
- $59,091
- Interest paid
- $89,474
- Balance remaining
- $404,909
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 ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.