PH 3-298 Jarvis Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13480704
About this home
"Welcome to the Upper Penthouse in the prestigious Metropolitan Essex building at 298 Jarvis Street, Toronto! This stunning corner unit boasts a perfectly designed split-bedroom floor plan featuring 2 bedrooms plus a den, delivering both luxury and functionality. Unique to this exclusive suite are soaring 9-foot smooth ceilings, not one but two private walkout terraces, and two beautifully maintained functional wood-burning fireplaces providing both charm and warmth.The den is a showstopper with its 15-foot glass ceilings, creating a gloriousgreenhouse-inspired feature, bathed in natural light. Modern upgrades are found throughout the home, including pot lights, contemporary finishes, and meticulous attention to detail. Enjoy the spacious layout and flow designed for both entertaining and personal retreat.This is a rare opportunity to experience upscale living in the heart of Toronto, a perfect blend of luxury, natural light, and thoughtful design. Don't miss out on this unique offering in a coveted address!"Maintenance fees cover utilities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13480704
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199
- Cross streets
- Jarvis & Carlton
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $1,452/mo
- Exposure
- North East
- Property tax
- $3,559 / 2026
- Days on market
- 29
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
2 way fireplace · hardwood floor · window
open concept · hardwood floor · combined w/living
skylight · w/o to terrace · window
3 pc ensuite · closet · window
2 Pc Bath
2 way fireplace · hardwood floor · combined w/solarium
stainless steel appl · granite counters · large closet
Listed at $849,000, this home is right in line with comparable homes. 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 $628K, 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.
On location, this is a very walkable address with everyday errands close by. Jarvis Street is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
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 10% below the area average of $854/sqft.
28 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.
Getting around
Walker's ParadiseA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Jarvis Street, about 153 m away
Within a 15-minute (1.5 km) walk.
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 $679,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,624
- Property tax
- $297
- Condo / maintenance fees
- $1,452
- Heating
- $0
- Estimated monthly cost
- $5,373
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,455
- Toronto municipal land transfer tax
- $13,455
- Estimated closing costs
- $26,910
Plus your down payment of $169,800. 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
- $217,468
- Principal paid down
- $86,496
- Interest paid
- $130,972
- Balance remaining
- $592,704
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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.