1602-7 Grenville Street, Toronto, ON

Bay Street Corridor, Toronto · MLS® C13539964

$399,990
For Sale
Listed 13 days ago
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◎ Directions
1Bathrooms
0Parking
0-499Sq Ft
20+ schools20+ transit stops20+ parks20+ restaurantswithin 1.5 km

About this home

Bright & Spacious unit YC Condo with city views . Yonge and college location . Steps to Toronto University , TMU College , subway station . Walking distance to Eaton Centre , Dundas Square. Well known management company. Good for investment . Rental people stay in if you want .

Key facts

Property type
Condo Apartment, Multi-Level
MLS®
C13539964
Bathrooms
1
Size
0-499
Cross streets
College And Yonge
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Foundation
Concrete
Roof
Flat
Maintenance
$240/mo
Exposure
North South
Property tax
$2,064 / 2026
Days on market
13
Listing brokerage
ROYAL LEPAGE FLOWER CITY REALTY

Rooms

Living RoomMain6.32 × 3.73 m

laminate · open concept · combined w/kitchen

DenMain6.32 × 3.70 m

laminate · 3 pc bath · w/o to balcony

KitchenMain6.32 × 3.70 m

laminate · quartz counter · combined w/dining

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

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. Carlton Street is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

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.

  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
  • Value driver
Comparable listingsCurrently listed nearby in Bay Street Corridor · asking prices
$394kavg asking

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

303-73 Richmond Street$400k2910-65 St Mary Street$399k3904-955 Bay Street$399k2615-8 WELLESLEY Street$398k2905-38 Grenville Street$375k

The 5 closest of 8 active listings nearby.

See all comparable homes
400kThis home400k399k399k398k375kThis home vs active comparables
Live market pulseActive comparables in Bay Street Corridor · median list $589K
$1,603this home / sqft
99active listings nearby
13days on market

12 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.

Getting around

100/ 100

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 Google.

Most daily errands can be done on foot.

🚉 Nearest transit: Carlton Street, about 56 m away

20+ transit stops20+ grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

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

Church-Yonge Corridor
$547K
Annex
$513K
Moss Park
$560K
Waterfront Communities C1
$645K
Waterfront Communities C8
$1.15M

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 · 0.4 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$1,823/mo
$83KIncome needed
4.8×Price ÷ income
$421Weekly 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.

82%mortgage
Mortgage $1,823Property tax $172Condo fee $240Total carry $2,235

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 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$1,708per month

Mortgage amount $319,992 · 4.14% over 25 years

$79,998Down payment (20.0%)
$319,992Loan before insurance
$0CMHC premium
$2,120Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,708
Property tax
$172
Condo / maintenance fees
$240
Heating
$0
Estimated monthly cost
$2,120

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

One-time closing costs

Ontario land transfer tax
$4,475
Toronto municipal land transfer tax
$4,475
Estimated closing costs
$8,950

Plus your down payment of $79,998. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,074/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

$192,287Total interest paid
$512,279Total of all payments
Principal $319,992 Interest $192,287
YearPrincipalInterestBalance
1$7,496$12,995$312,496
2$7,810$12,681$304,686
3$8,137$12,355$296,549
4$8,477$12,014$288,072
5$8,831$11,660$279,241
6$9,201$11,290$270,040
7$9,586$10,905$260,454
8$9,987$10,504$250,468
9$10,404$10,087$240,063
10$10,840$9,652$229,224
11$11,293$9,198$217,931
12$11,765$8,726$206,165
13$12,258$8,234$193,908
14$12,770$7,721$181,138
15$13,304$7,187$167,833
16$13,861$6,630$153,972
17$14,441$6,050$139,532
18$15,045$5,446$124,487
19$15,674$4,817$108,813
20$16,330$4,162$92,483
21$17,013$3,479$75,471
22$17,724$2,767$57,746
23$18,466$2,026$39,281
24$19,238$1,253$20,043
25$20,043$448$0

At the end of your 5-year term

Total paid over the term
$102,456
Principal paid down
$40,751
Interest paid
$61,705
Balance remaining
$279,241

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$2,300/mo
$27,600Gross annual rent
4.8%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.

6.9%
Gross yield
− Property tax $2,064− Condo fees $2,880− Insurance $600− Vacancy & upkeep $3,036Net operating income $19,020

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

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