501-77 Lombard Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13098116
About this home
Corner Loft Gem at 77 Lombard! Imagine waking up in the heart of the city, in a stunning 2-storey corner condo at 77 Lombard, where every detail is designed for vibrant downtown living. Flooded with natural light from expansive wrap-around windows, the home features a soaring, open-concept main floor perfect for entertaining, while the second level serves as a dedicated private retreat that feels worlds away from the urban hustle. With a versatile den that functions as a true home office or guest wing and two full bathrooms for ultimate convenience, this unit provides the space you've been searching for. Living here means you no longer have to choose between a tranquil retreat and an urban lifestyle. You are steps away from the historic charm of St. Lawrence Market, the professional pulse of the Financial District, and the world-class dining of the core, yet you have a two-storey oasis to return to at the end of the day. This isn't just another listing on a map; it is a lifestyle upgrade that demands to be experienced in person to truly appreciate the light, the height, and the quiet prestige of 77 Lombard
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13098116
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- Church St/ Adelaide
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $935/mo
- Exposure
- North West
- Property tax
- $3,288 / 2025
- Days on market
- 76
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
large closet · large window
centre island · hardwood floor · large window
laminate · large window · open concept
separate room · window
laminate · open concept
Listed at $625,000, this home is about 16% 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 35 days.
There were not many closely comparable homes right in Church-Yonge Corridor, so I widened the search to the surrounding area.
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 $578K, 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
- Adjusts to $1.08M
That comparable adjusts to $1.08M; the $748K 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 $748K, median of 67 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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 35% below the area average of $1,014/sqft.
75 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 $500,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,668
- Property tax
- $274
- Condo / maintenance fees
- $935
- Heating
- $0
- Estimated monthly cost
- $3,877
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,975
- Toronto municipal land transfer tax
- $8,975
- Estimated closing costs
- $17,950
Plus your down payment of $125,000. 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
- $160,091
- Principal paid down
- $63,675
- Interest paid
- $96,416
- Balance remaining
- $436,325
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 RIGHT AT HOME REALTY. MLS®/PropTx.