408-205 Frederick Street, Toronto, ON
Moss Park, Toronto · MLS® C13507346
About this home
Not your typical shoebox condo-this spacious 776 sq. ft. 1-bedroom plus den offers the room, functionality, and comfort that's increasingly hard to find in downtown Toronto. Located in REZEN, a well-maintained boutique mid-rise tucked away on a quiet street in the heart of the historic St. Lawrence neighbourhood, this bright and thoughtfully designed suite features generous principal rooms, large windows that flood the space with natural light, and an open-concept kitchen complete with a centre island and ample storage. The versatile den is ideal as a home office, guest space, or additional storage. Perfectly positioned directly across from George Brown College's St. James Campus, and just steps to King Street transit, St. Lawrence Market, acclaimed restaurants, cafés, and everyday conveniences. Walk to the Financial District, Union Station, and the waterfront while enjoying the charm of one of Toronto's most historic neighbourhoods, surrounded by beautiful Victorian architecture and timeless character. Whether you're looking for a place to call home or a smart addition to your investment portfolio, look no further. With its generous size, exceptional location, boutique setting, and strong rental appeal, this suite offers outstanding value in one of downtown Toronto's most desirable neighbourhoods. This is a perfect investment opportunity.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13507346
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Adelaide St E & Frederick St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $750/mo
- Exposure
- North
- Property tax
- $3,356 / 2025
- Days on market
- 17
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
large window · overlooks garden · laminate
combined w/living · open concept · laminate
centre island · stainless steel appl · laminate
closet · sliding doors · broadloom
combined w/dining · w/o to balcony · laminate
Listed at $649,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 31 similar homes nearby, adjusted for size, beds, and baths.Median of 31 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $646K, a close match.
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, listed at $645K
- Bathrooms −$15K
- Adjusts to $630K
That comparable adjusts to $630K; the $675K estimate above is the median of all 31 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
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.
On location, this is a very walkable address with everyday errands close by. Sherbourne St at King St East is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $675K, median of 31 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.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 4% below the area average of $907/sqft.
16 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Moss Park, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA 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 Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Sherbourne St at King St East, about 92 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 18, 2026); conventional rates run a little higher.
Mortgage amount $519,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,774
- Property tax
- $280
- Condo / maintenance fees
- $750
- Heating
- $0
- Estimated monthly cost
- $3,804
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,473
- Toronto municipal land transfer tax
- $9,473
- Estimated closing costs
- $18,946
Plus your down payment of $129,980. 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
- $166,469
- Principal paid down
- $66,212
- Interest paid
- $100,257
- Balance remaining
- $453,708
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 SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.