2200-28 Maitland Street, Toronto, ON

Church-Yonge Corridor, Toronto · MLS® C13453688

$689,000
For Sale
Listed 38 days ago
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2Bedrooms
2Bathrooms
0Parking
700-799Sq Ft

About this home

Welcome to Yonge at Wellesley Station Condos! This bright and functional 2-bedroom suite offers a desirable east-facing exposure, filling the home with beautiful morning sunlight. Thoughtfully designed with modern finishes, an efficient layout, and floor-to-ceiling windows, this unit provides comfortable urban living in the heart of downtown Toronto. Steps to Wellesley Subway Station, University of Toronto, TMU, Eaton Centre, restaurants, shops, and everyday conveniences. An excellent opportunity for end-users and investors alike to own in one of Toronto's most connected and vibrant neighbourhoods.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13453688
Bedrooms
2
Bathrooms
2
Size
700-799
Cross streets
Yonge/Wellesley
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete Block
Exposure
East
Days on market
38
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAM
Our TakeTeam Asgarian · Broker
In line
$637Kest. value

Listed at $689,000, and my independent estimate is within the range of comparable homes, on the higher side.

In Church-Yonge Corridor lately, sellers get about 96% of asking; homes sell in ~33 days.

List price
$580KGreat deal$733KOverpriced

Total price vs nearby homes. Fair value about $637K, median of 84 comparables.

How this estimate is builtthe short version

I take the 84 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.

What the listing highlights1 point to weigh

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

  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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 84 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby in Church-Yonge Corridor · asking prices
$703kavg asking

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

4806-89 Church Street$679k1915-82 Dalhousie Street$630k1506-50 Wellesley Street$750k1805-55 Charles Street$699k302-50 Wellesley Street$758k

The 5 closest of 8 active listings nearby.

See all comparable homes
689kThis home679k630k750k699k758kThis home vs active comparables
Live market pulseActive comparables in Church-Yonge Corridor · median list $589K
$919this home / sqft
69active listings nearby
38days on market
99sold nearby · 90 days
$626Kmedian sold price
96%of asking, on average

This home lists 1% above the area average of $909/sqft.

37 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

Church-Yonge 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.

Waterfront Communities C1
$613K
Annex
$2.03M
Moss Park
$784K
Waterfront Communities C8
$608K
Niagara
$575K

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 Church Street Junior Public School
73%
Church Street Junior Public SchoolPublic · Elementary · 0.3 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$3,140/mo
$138KIncome needed
5.0×Price ÷ income
$725Weekly 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.

88%mortgage
Mortgage $3,140Property tax $431Total carry $3,571

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)
$2,941per month

Mortgage amount $551,200 · 4.14% over 25 years

$137,800Down payment (20.0%)
$551,200Loan before insurance
$0CMHC premium
$3,372Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,941
Property tax
$431
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$3,372

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

One-time closing costs

Ontario land transfer tax
$10,255
Toronto municipal land transfer tax
$10,255
Estimated closing costs
$20,510

Plus your down payment of $137,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$3,573/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

$331,222Total interest paid
$882,422Total of all payments
Principal $551,200 Interest $331,222
YearPrincipalInterestBalance
1$12,913$22,384$538,287
2$13,453$21,844$524,834
3$14,016$21,281$510,819
4$14,602$20,695$496,217
5$15,213$20,084$481,005
6$15,849$19,448$465,156
7$16,512$18,785$448,644
8$17,202$18,094$431,441
9$17,922$17,375$413,519
10$18,672$16,625$394,848
11$19,453$15,844$375,395
12$20,266$15,031$355,129
13$21,114$14,183$334,014
14$21,997$13,300$312,017
15$22,917$12,380$289,100
16$23,876$11,421$265,224
17$24,875$10,422$240,349
18$25,915$9,382$214,434
19$26,999$8,298$187,435
20$28,128$7,168$159,307
21$29,305$5,992$130,001
22$30,531$4,766$99,471
23$31,808$3,489$67,663
24$33,138$2,159$34,524
25$34,524$772$0

At the end of your 5-year term

Total paid over the term
$176,484
Principal paid down
$70,195
Interest paid
$106,289
Balance remaining
$481,005

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$2,400/mo
$28,800Gross annual rent
2.9%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 $4,823− Insurance $600− Vacancy & upkeep $3,168Net operating income $20,209

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAM. MLS®/PropTx.

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