1627-70 Princess Street, Toronto, ON

Moss Park, Toronto · MLS® C13740526

$555,000
For Sale
Listed 19 days agoNo offer date stated
1+1Bedrooms
2Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Stunning, 1+1, 2 bath condo suite perched 16 floors above the city at Time & Space Condos.
  • Spanning 620 sqft of highly functional space, this layout is designed to maximize every inch, featuring floor-to-ceiling windows that fill your living area with...
  • The spacious primary suite offers a quiet retreat with its own ensuite bathroom, floor-to-ceiling window & generous closet space with built-ins, while the separate...
  • Plus, you get resort-style amenities right at home, including a 24-hour concierge, outdoor infinity edge pool with private cabanas, fully equipped gym, party rm &...

Stunning, 1+1, 2 bath condo suite perched 16 floors above the city at Time & Space Condos. Spanning 620 sqft of highly functional space, this layout is designed to maximize every inch, featuring floor-to-ceiling windows that fill your living area with natural light and frame incredible city & lake views. Gorgeous modern kitchen, fully equipped with a custom built-in pantry & stainless steel island, quartz countertops, tiled backsplash & stainless steel appliances. The spacious primary suite offers a quiet retreat with its own ensuite bathroom, floor-to-ceiling window & generous closet space with built-ins, while the separate, full-sized den provides the perfect dedicated setup for your work-from-home office or 2nd bedroom. This one completely checks the value box by including a spacious balcony, private parking spot & storage locker. Location-wise, you couldn't ask for a better launchpad. You're steps away from transit, the St.Lawrence Market, Distillery District & George Brown College making it an ideal, future-proof investment. Plus, you get resort-style amenities right at home, including a 24-hour concierge, outdoor infinity edge pool with private cabanas, fully equipped gym, party rm & yoga studio. It's the perfect blend of location, space, and lifestyle to kickstart your real estate journey.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13740526
Bedrooms
1+1 (2 total)
Bathrooms
2
Size
600-699 sq ft
Cross streets
Front St E/Sherbourne
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$615/mo
Exposure
West
Property tax
$3,376 / 2026
Days on market
19
Listing brokerage
REMAX YOUR COMMUNITY REALTY

Rooms

Dining RoomMain3.04 × 2.46 m

laminate · combined w/kitchen · pantry

DenMain3.20 × 2.43 m

laminate · separate room

Living RoomMain3.44 × 2.77 m

laminate · window floor to ceiling · w/o to balcony

Primary BedroomMain3.47 × 2.74 m

laminate · 4 pc ensuite · double closet

KitchenMain3.04 × 2.46 m

laminate · stainless steel appl · stone counters

Our TakeTeam Asgarian · Broker
A small discount is typical
$540Klikely sale price

Listed at $555,000. Going by how homes in Moss Park have actually closed against their asking prices (about 97%, 58 local closings in 90 days), the likely sale price is near $540K, if it sells. A realistic range is $508K to $584K.

Independent value check: $582K. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $541K and $611K).

Why $582K. The typical condo sold in Moss Park over the past year went for about $530K (254 sales). What sets this one apart:

  • ▲ Raises itIts tax bill, which follows the city's own assessment, is $3,376 a year; the typical home sold here pays about $2,900.
  • ▲ Raises it slightly1 garage and 1 total parking spaces, against 1 and 0 typically.
  • ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
List price
$508KBelow recent closings$584KAbove recent closings

Total price vs nearby homes. Likely closing about $540K, from 58 recent closings in this pocket.

The market behind the math:

58sold nearby · 90 days
$505Kmedian sold price
96%of asking, on average
−10%prices vs a year ago
~27 dayshomes like this take to sell
19days on market so far
$2,600/moest. rent · 343 leases
5.6%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3 months of inventory: 58 condo apartment homes for sale in the area against 58 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $855/sqft against an area asking average of $835/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 58 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $528K. Condition and finishes remain an in-person call.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Schools & getting aroundcatchment and transit

The assigned public school is Market Lane Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Based on 58 comparable homes that sold in Moss Park over the past 22 months, from 500 closings there.

Neighbourhood & location

Moss Park, 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.

Nearby neighbourhoods

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

Church-Yonge Corridor
$500K
Bay Street Corridor
$686K
Waterfront Communities C1
$624K
Annex
$3.72M
Niagara
$559K

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 Market Lane Junior and Senior Public School
74%
Market Lane Junior and Senior Public SchoolPublic · Elementary · 0.2 km awayAround the GTA average · 74% meet the provincial standard
Downtown Alternative SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
St Paul Catholic School · Catholic elementary0.8 km · 62% at standard
Nelson Mandela Park Public School · Public elementary1.0 km · 47% at standard
St Michael's Choir (Jr) School · Catholic elementary1.0 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.1 km · 98% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.2 km · 55% at standard
Sprucecourt Junior Public School · Public elementary1.6 km · 59% at standard
Winchester Junior and Senior Public School · Public elementary1.8 km · 76% at standard
Church Street Junior Public School · Public elementary1.8 km · 73% at standard
Native Learning Centre · Public secondary1.8 km
Queen Alexandra Middle School · Public elementary1.9 km · 71% at standard
St Martin Catholic School(OL of Lourdes · Catholic elementary1.9 km
SEED Alternative School · Public secondary1.9 km

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,530/mo
$121KIncome needed
4.6×Price ÷ income
$584Weekly cost
$15,150Land transfer tax, one-time (Ontario + Toronto)
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.

74%mortgage
Mortgage $2,530Property tax $281Condo fee $615Total carry $3,426

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%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 23, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,430per month

Mortgage amount $444,000 · 4.39% over 25 years

$111,000Down payment (20.0%)
$444,000Loan before insurance
$0CMHC premium
$3,327Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,430
Property tax
$281
Condo / maintenance fees
$615
Heating
$0
Estimated monthly cost
$3,327

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

One-time closing costs

Ontario land transfer tax
$7,575
Toronto municipal land transfer tax
$7,575
Estimated closing costs
$15,150

Plus your down payment of $111,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$2,944/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

$285,102Total interest paid
$729,102Total of all payments
Principal $444,000 Interest $285,102
YearPrincipalInterestBalance
1$10,047$19,117$433,953
2$10,493$18,671$423,460
3$10,959$18,205$412,501
4$11,445$17,719$401,056
5$11,953$17,211$389,103
6$12,484$16,680$376,619
7$13,038$16,126$363,581
8$13,616$15,548$349,965
9$14,221$14,943$335,745
10$14,852$14,312$320,893
11$15,511$13,653$305,382
12$16,199$12,965$289,183
13$16,918$12,246$272,264
14$17,669$11,495$254,595
15$18,453$10,711$236,142
16$19,272$9,892$216,870
17$20,128$9,036$196,742
18$21,021$8,143$175,721
19$21,954$7,210$153,767
20$22,928$6,236$130,839
21$23,946$5,218$106,893
22$25,009$4,156$81,885
23$26,119$3,046$55,766
24$27,278$1,886$28,488
25$28,488$676$0

At the end of your 5-year term

Total paid over the term
$145,820
Principal paid down
$54,897
Interest paid
$90,923
Balance remaining
$389,103

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
From 343 whole-home leases in Moss Park$2,600/mo
$31,200Gross annual rent
3.0%Cap rate after taxes and upkeep
$2,470 to $2,730Typical rent range
~20 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 343 whole-home leases in Moss Park signed at a median of $2,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,600. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

5.6%
Gross yield
− Property tax $3,376− Condo fees $7,377− Insurance $600− Vacancy & upkeep $3,432Net operating income $16,415

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

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