2202-20 Edward Street, Toronto, ON

Bay Street Corridor, Toronto · MLS® C13669170

$588,800
For Sale
Just listed today
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1Bedrooms
1Bathrooms
0Parking
500-599Sq Ft
20+ schools20+ transit stops20+ parks20+ restaurantswithin 1.5 km

About this home

One Bed+Study Bright Corner Unit With Unobstructed North And East Breathtaking Views Of The City. Luxurious Panda Condo Built by Renowned Developer Lifetime with State-Of-The-Art Amenities: Outdoor basketball court, gym, BBQ, dance/yoga studio, party room, study library, private theatre, games room, karaoke room. Functional 598 Sq ft Interior Layout With Oversized 127 Sq ft Balcony. 9-Ft Smooth Ceiling and Floor To Ceiling Windows. Incredibly Bright Unit With Tons of Natural Light. With Transit Score: 100 And Walk Score: 100, Steps Away to T&T Supermarket, Dundas Square, Canada's Best Restaurants, Bars And Cafes, Shopping Centres, Healthcare And Education Institutes. 2 Min Walk To Ryerson U, Eaton Centre, PATH, Cineplex. 10 Min Walk To Hospitals On University. 10 Min Transit To U Of T And Financial District.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13669170
Bedrooms
1
Bathrooms
1
Size
500-599
Cross streets
Yonge/Dundas
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$350/mo
Exposure
North East
Property tax
$3,982 / 2025
Listing brokerage
HOMELIFE LANDMARK REALTY INC.
Our TakeTeam Asgarian · Broker
Above comparables
$507Kest. value

Listed at $588,800, and my independent estimate is about 16% above what comparable homes suggest.

In Bay Street Corridor lately, sellers get about 96% of asking; homes sell in ~37 days.

List price
$449KGreat deal$589KOverpriced

Total price vs nearby homes. Fair value about $507K, median of 9 comparables.

How this estimate is builtthe short version

I take the 9 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.

It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $545K, a close match.

Schools & getting aroundcatchment and transit

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

Based on 9 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby in Bay Street Corridor · asking prices
$571kavg asking

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

2303-909 Bay Street$570k802-21 Balmuto Street$625k311-75 St Nicholas Street$550k2313-761 bay Street$589k5614-386 Yonge Street$519k

The 5 closest of 8 active listings nearby.

See all comparable homes
589kThis home570k625k550k589k519kThis home vs active comparables
Live market pulseActive comparables in Bay Street Corridor · median list $585K
$1,072this home / sqft
48active listings nearby
100sold nearby · 90 days
$587Kmedian sold price
96%of asking, on average

This home lists 14% above the area average of $944/sqft.

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 OpenStreetMap contributors.

Most daily errands can be done on foot.

🚉 Nearest transit: Gould Street, about 71 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
$540K
Moss Park
$439K
Waterfront Communities C1
$560K
Mimico
$675K
Bayview Village
$459K

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

Affordability & Mortgage

Affordability
$2,684/mo
$123KIncome needed
4.8×Price ÷ income
$619Weekly 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.

80%mortgage
Mortgage $2,684Property tax $332Condo fee $350Total carry $3,365

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%
$
%
4.19%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.04% via Ratehub.ca (as of August 13, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,527per month

Mortgage amount $471,040 · 4.19% over 25 years

$117,760Down payment (20.0%)
$471,040Loan before insurance
$0CMHC premium
$3,208Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,527
Property tax
$332
Condo / maintenance fees
$350
Heating
$0
Estimated monthly cost
$3,208

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

One-time closing costs

Ontario land transfer tax
$8,251
Toronto municipal land transfer tax
$8,251
Estimated closing costs
$16,502

Plus your down payment of $117,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.19%Qualifying rate
$3,067/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

$286,916Total interest paid
$757,956Total of all payments
Principal $471,040 Interest $286,916
YearPrincipalInterestBalance
1$10,959$19,359$460,081
2$11,423$18,895$448,658
3$11,906$18,412$436,752
4$12,411$17,908$424,341
5$12,936$17,382$411,405
6$13,484$16,835$397,921
7$14,055$16,264$383,867
8$14,650$15,669$369,217
9$15,270$15,048$353,947
10$15,916$14,402$338,031
11$16,590$13,728$321,440
12$17,293$13,026$304,148
13$18,025$12,293$286,123
14$18,788$11,530$267,335
15$19,584$10,735$247,751
16$20,413$9,906$227,339
17$21,277$9,041$206,062
18$22,178$8,140$183,884
19$23,117$7,202$160,767
20$24,095$6,223$136,672
21$25,116$5,203$111,556
22$26,179$4,139$85,377
23$27,287$3,031$58,090
24$28,443$1,876$29,647
25$29,647$671$0

At the end of your 5-year term

Total paid over the term
$151,591
Principal paid down
$59,635
Interest paid
$91,956
Balance remaining
$411,405

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$1,700/mo
$20,400Gross annual rent
1.6%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.

3.5%
Gross yield
− Property tax $3,982− Condo fees $4,200− Insurance $600− Vacancy & upkeep $2,244Net operating income $9,374

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.

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