506-7 Broadway Avenue, Toronto, ON
Mount Pleasant West, Toronto · MLS® C13550864
About this home
This is where location meets an amazing layout with outstanding value! Welcome to suite 506 at 7 Broadway Ave, offering over 1,000 sq.ft. of beautifully renovated living space combining the comfort of a spacious floor plan with the convenience of boutique condo living in the heart of Yonge & Eglinton. Fully renovated in 2020, this impressive 2-bedroom, 2-bathroom residence is designed for effortless everyday living and entertaining. Natural light pours through expansive floor-to-ceiling, wall-to-wall west-facing windows, illuminating the open-concept living and dining areas, and highlighting the engineered hardwood flooring found throughout the suite. The sizeable, modern kitchen features quartz counters, stainless steel appliances, generous workspace, and ample storage with the thoughtful two-tone cabinetry. The oversized primary bedroom easily accommodates a king-sized bed plus a sitting area, and features premium Elte broadloom, a walk-in closet with custom organizers, and a spa-inspired 3-piece ensuite. The spacious second bedroom offers a large double closet with more custom organizers to optimize space. An updated 4-piece main bathroom provides added comfort and convenience for family and guests. A smart thermostat allows complete control over heating and cooling, while an exclusive-use locker provides that coveted additional storage space. Residents enjoy access to a wide range of amenities including concierge, a fitness centre, meeting area, party room, and rooftop patio - perfect for those upcoming summer BBQs! Just steps from Yonge & Eglinton's vibrant collection of restaurants, cafés, shops, grocery stores, and everyday conveniences, with easy access to transit and neighbourhood parks, this is a rare opportunity to enjoy spacious and stylish living in one of Midtown Toronto's most sought-after communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13550864
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- Yonge & Eglinton
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,681/mo
- Exposure
- West
- Property tax
- $2,463 / 2026
- Days on market
- 7
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
breakfast bar · stainless steel appl · quartz counter
open concept · window floor to ceiling · hardwood floor
4 pc bath · b/i vanity · tile floor
double closet · large window · hardwood floor
double closet · pot lights · hardwood floor
3 pc ensuite · b/i vanity · tile floor
combined w/living · hardwood floor
walk-in closet(s) · large window · broadloom
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. 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.
Ask Moe if this price is fairIts public catchment (North Toronto Collegiate Institute) 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. Yonge St at Broadway Ave 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- 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 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mount Pleasant West, 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: Yonge St at Broadway Ave, about 63 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 $519,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,771
- Property tax
- $205
- Condo / maintenance fees
- $1,681
- Heating
- $0
- Estimated monthly cost
- $4,657
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,455
- Toronto municipal land transfer tax
- $9,455
- Estimated closing costs
- $18,910
Plus your down payment of $129,800. 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
- $166,239
- Principal paid down
- $66,120
- Interest paid
- $100,118
- Balance remaining
- $453,080
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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.