507-298 Jarvis Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13132834
About this home
Welcome to 298 Jarvis St, Suite 507. An impeccably maintained 2+1 bedroom, 2 bathroom corner residence ideally situated within the vibrant Church-Yonge Corridor. Showcasing a coveted south west exposure, this refined suite is enveloped in natural light through expansive windows throughout. Thoughtfully configured, the den has been seamlessly integrated as an elegant dining area, offering both functionality and sophistication for everyday living and entertaining alike. Rich Brazilian Koa hardwood flooring extends throughout the residence. The spacious primary retreat features a 5 piece ensuite bath and custom mahogany closet shelving. Ensuite laundry and brand new dishwasher. Includes 1 parking space and 1 exceptionally large locker.Residents enjoy access to an exceptional collection of amenities including an indoor swimming pool, sauna, steam room, squash court, 24 hour concierge, and fully equipped fitness centre. Ideally positioned steps from public transit, parks, schools, Toronto Metropolitan University, libraries, and the acclaimed dining, cafés, and boutiques along Church Street and Yonge Street.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13132834
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Jarvis St & Carlton St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,718/mo
- Exposure
- South West
- Property tax
- $3,522 / 2025
- Days on market
- 68
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Rooms
hardwood floor · window · closet
hardwood floor · sw view · window
5 pc ensuite · window · hardwood floor
hardwood floor · stainless steel appl
combined w/den · hardwood floor · window
closet · combined w/laundry
Listed at $610,000, this home is about 31% 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 63 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 63 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $621K, 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 $889K estimate above is the median of all 63 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 $889K, median of 63 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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 $854/sqft.
67 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 $488,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,604
- Property tax
- $294
- Condo / maintenance fees
- $1,718
- Heating
- $0
- Estimated monthly cost
- $4,616
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,675
- Toronto municipal land transfer tax
- $8,675
- Estimated closing costs
- $17,350
Plus your down payment of $122,000. 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
- $156,249
- Principal paid down
- $62,147
- Interest paid
- $94,102
- Balance remaining
- $425,853
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 HEAPS ESTRIN TEAM. MLS®/PropTx.