553 King Street, Toronto, ON
Moss Park, Toronto · MLS® C13539172
About this home
Your dream of owning a classic freehold Toronto redbrick Victorian rowhome is about to come true! Welcome to 553 King Street East, your ticket out of condo living & to a gorgeously updated freehold home in one of Toronto's best east-end neighbourhoods, Corktown! Step off King Street East & notice right away the brick & window details you can only find in a home of this vintage & charm. Inside you'll be wowed by the openness, high ceilings & natural light. The living room has plenty of room to set up the cozy vignette of your dreams, & the dining room is perfect for hosting dinner parties or date nights in. The modern kitchen features a walk out to the backyard, ample counter space, & stacked laundry. A classy, updated main level powder room - rare in Toronto - means you'll never need to send guests running upstairs. On your way upstairs notice the beautiful pine treads, a nod to the home's storied past. On the second level there's a den perfect for working from home, crafting, reading, or whatever your heart desires. The bedroom has a large closet & a coveted updated ensuite bathroom. The backyard is your own little slice of the city - just imagine your summers spent with family & friends BBQing back here! Located in one of Toronto's most vibrant neighbourhoods, Corktown, 553 King Street E. is the perfect blend of urban living & historic charm. You'll be just minutes from the Financial District, making your work commute a breeze for those days you need to head to the office. For date nights & errands, all the best restaurants, shops, & amenities along King Street E. & in Leslieville, Riverside, & the Distillery District are just right around the corner. In fact, Spaccio & Gusto 501 are just a short jaunt away. One of the city's best gyms is right across the street, & the famous Impact Kitchen is steps away for when you want to treat yourself to coffee & a healthy snack or lunch. It's time to seize this opportunity & own a part of Toronto history. Welcome home!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- C13539172
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 700-1100
- Lot
- 13 × 56.42 ft
- Cross streets
- King St. E. & Sumach St.
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $4,051 / 2026
- Days on market
- 9
- Listing brokerage
- REMAX CONNECT REALTY
Rooms
hardwood floor · combined w/living · 2 pc bath
tile floor · stainless steel appl · w/o to yard
hardwood floor · open concept · combined w/dining
hardwood floor · 4 pc ensuite · closet
hardwood floor · overlooks backyard · closet organizers
Listed at $774,900, this home is about 10% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Moss Park, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $680K, a bit lower.
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 $898K
- Adjusts to $898K
That comparable adjusts to $898K; the $865K estimate above is the median of all 5 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 Inglenook Community 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. King St East at Sumach St 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 $865K, median of 5 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 5 closest active listings nearby.
See all comparable homesThis home lists 10% below the area average of $955/sqft.
1 days faster than the Toronto average (10 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: King St East at Sumach St, about 39 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 17, 2026); conventional rates run a little higher.
Mortgage amount $619,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,308
- Property tax
- $338
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,646
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,973
- Toronto municipal land transfer tax
- $11,973
- Estimated closing costs
- $23,946
Plus your down payment of $154,980. 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
- $198,487
- Principal paid down
- $78,947
- Interest paid
- $119,540
- Balance remaining
- $540,973
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 REMAX CONNECT REALTY. MLS®/PropTx.