1506-35 Balmuto Street, Toronto, ON

Bay Street Corridor, Toronto · MLS® C13234178

$875,000
For Sale
Listed 51 days ago
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2Bedrooms
2Bathrooms
1Garage
900-999Sq Ft

About this home

Uptown Residences at 35 Balmuto. One of the most prestigious and luxurious addresses in Yorkville Toronto. This large size 2 split bedr apartment has it all; 9' ceiling, perfect layout w/ no wasted space. Open concept, living room walk out to private balcony, no carpet, spacious and bright on a high floor, about 950 sq ft plus balcony. Across the street from Eaterly, Manulife Center, Holt Renfrew. Walk to U of T, Yorkville, ROM etc., minutes from Yonge and Bloor subway. Bldg feat 24 hr security/ concierge, visitors parking, Gym, Meeting Rm. This is the best of Toronto downtown has to offer.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13234178
Bedrooms
2
Bathrooms
2
Size
900-999
Cross streets
Yonge & Bloor Street
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete, Metal/Steel Siding
Maintenance
$838/mo
Exposure
South East
Property tax
$5,407 / 2025
Days on market
51
Listing brokerage
HARVEST REALTY LTD.

Rooms

Bedroom 2Main2.35 × 1.48 m

hardwood floor · window · closet

Primary BedroomMain3.89 × 3.23 m

hardwood floor · mirrored closet · 4 pc ensuite

Dining RoomMain5.98 × 4.83 m

hardwood floor · open concept · combined w/living

KitchenMain4.12 × 2.37 m

stainless steel appl · granite counters · window

Living RoomMain5.98 × 4.83 m

hardwood floor · w/o to balcony · combined w/dining

Our TakeTeam Asgarian · Broker
In line
$841Kest. value

Listed at $875,000, and my independent estimate is right in line with comparable homes.

In Bay Street Corridor lately, sellers get about 95% of asking; homes sell in ~34 days.

List price
$787KGreat deal$917KOverpriced

Total price vs nearby homes. Fair value about $841K, median of 6 comparables.

How this estimate is builtthe short version

I take the 6 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.

It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $919K, a close match.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit

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.

Based on 6 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby in Bay Street Corridor · asking prices
$782kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

601-770 BAY Street$770k1602-1080 Bay Street$1.07M411-38 Elm Street$689k3307-1001 Bay Street$599k

The 4 closest active listings nearby.

See all comparable homes
875kThis home770k1.07M689k599kThis home vs active comparables
Live market pulseActive comparables in Bay Street Corridor · median list $779K
$922this home / sqft
28active listings nearby
51days on market
100sold nearby · 90 days
$612Kmedian sold price
95%of asking, on average

This home lists 3% below the area average of $954/sqft.

50 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Bay Street Corridor, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Annex
$798K
Church-Yonge Corridor
$605K
Moss Park
$1.02M
Waterfront Communities C1
$593K
Waterfront Communities C8
$621K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Jesse Ketchum Junior and Senior Public School
87%
Jesse Ketchum Junior and Senior Public SchoolPublic · Elementary · 0.5 km awayHigher-rated than most nearby · 87% meet the provincial standard

Affordability & Mortgage

Affordability
$3,988/mo
$186KIncome needed
4.7×Price ÷ income
$920Weekly cost
20% down4.79%25-yr amortization

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.

76%mortgage
Mortgage $3,988Property tax $451Condo fee $838Total carry $5,276

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,735per month

Mortgage amount $700,000 · 4.14% over 25 years

$175,000Down payment (20.0%)
$700,000Loan before insurance
$0CMHC premium
$5,024Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,735
Property tax
$451
Condo / maintenance fees
$838
Heating
$0
Estimated monthly cost
$5,024

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$13,975
Toronto municipal land transfer tax
$13,975
Estimated closing costs
$27,950

Plus your down payment of $175,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$4,537/monthPayment at the qualifying rate

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

$420,638Total interest paid
$1,120,638Total of all payments
Principal $700,000 Interest $420,638
YearPrincipalInterestBalance
1$16,399$28,427$683,601
2$17,085$27,741$666,517
3$17,799$27,026$648,718
4$18,544$26,282$630,174
5$19,319$25,506$610,855
6$20,127$24,698$590,727
7$20,969$23,856$569,758
8$21,846$22,979$547,912
9$22,760$22,065$525,152
10$23,712$21,113$501,439
11$24,704$20,121$476,735
12$25,737$19,088$450,998
13$26,814$18,012$424,184
14$27,936$16,890$396,248
15$29,104$15,721$367,144
16$30,321$14,504$336,823
17$31,590$13,236$305,233
18$32,911$11,914$272,322
19$34,288$10,538$238,034
20$35,722$9,104$202,312
21$37,216$7,609$165,096
22$38,773$6,053$126,323
23$40,395$4,431$85,929
24$42,084$2,741$43,845
25$43,845$981$0

At the end of your 5-year term

Total paid over the term
$224,128
Principal paid down
$89,145
Interest paid
$134,982
Balance remaining
$610,855

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.

Let's connect

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

Rental yield
Estimate$3,050/mo
$36,600Gross annual rent
1.9%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

4.2%
Gross yield
− Property tax $5,407− Condo fees $10,051− Insurance $600− Vacancy & upkeep $4,026Net operating income $16,516

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HARVEST REALTY LTD.. MLS®/PropTx.

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