1820-111 Elizabeth Street, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13564168
About this home
Welcome to this exceptional lower penthouse residence at One City Hall, where soaring 10-foot ceilings, floor to ceiling windows, and a thoughtfully designed open-concept layout create a bright, airy, and sophisticated living space. Bathed in natural light, this modern suite offers the perfect blend of style, comfort, and functionality. The contemporary kitchen features upgraded cabinetry, generous counter space, and an efficient layout that's ideal for both everyday living and entertaining. The abundantly spacious living area provides incredible flexibility to add a work station, dining table or both, allowing you to work from home, host friends, or simply unwind after a busy day. Perfectly situated in the heart of downtown Toronto, you'll enjoy an unbeatable walkable lifestyle just steps from Eaton Centre, Nathan Phillips Square, Yonge-Dundas Square, world-class restaurants, cafés, shopping, entertainment, and everyday conveniences. Commuting is effortless with Dundas and St. Patrick subway stations nearby, easy access to major highways, and close proximity to the Financial District, University of Toronto, Toronto Metropolitan University, and major hospitals. Residents enjoy an outstanding selection of premium amenities, including a 24-hour concierge, indoor swimming pool, fully equipped fitness center, party room, meeting rooms, guest suites, and visitor parking. Whether you're a first-time buyer, young professional, investor, or looking for an upscale downtown residence, this rare lower penthouse offers an exceptional opportunity to own in one of Toronto's most desirable locations.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13564168
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Dundas St & Elizabeth St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Other
- Maintenance
- $601/mo
- Exposure
- West
- Property tax
- $2,835 / 2025
- Days on market
- 4
- Listing brokerage
- UNION CAPITAL REALTY
Rooms
laminate · mirrored closet · sliding doors
open concept · large window · w/o to balcony
open concept · large window · combined w/kitchen
open concept · b/i appliances · backsplash
Listed at $519,000, this home is about 7% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $490K, 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 $555K
- Adjusts to $555K
That comparable adjusts to $555K; the $557K estimate above is the median of all 6 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 Orde Street 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 more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $557K, median of 6 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Weigh carefully
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 16% below the area average of $956/sqft.
3 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Bay Street Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car.
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 $415,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,216
- Property tax
- $236
- Condo / maintenance fees
- $601
- Heating
- $0
- Estimated monthly cost
- $3,053
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,855
- Toronto municipal land transfer tax
- $6,855
- Estimated closing costs
- $13,710
Plus your down payment of $103,800. 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
- $132,940
- Principal paid down
- $52,876
- Interest paid
- $80,064
- Balance remaining
- $362,324
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 UNION CAPITAL REALTY. MLS®/PropTx.