3113-38 Elm Street, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13775346
About this home
In short
- RARE CONDO WITH 2 PARKINGS.
- It comes with 1 bedroom with 5-pc Ensuite bathroom, big walk-in closet and 2 bathrooms in total.
- 1 exclusive locker as well.
- Gym, patio-access, kids play area, 24 hrs concierge.
RARE CONDO WITH 2 PARKINGS. Absolutely gorgeous unit with CN Tower & city views. Prime location of downtown. It comes with 1 bedroom with 5-pc Ensuite bathroom, big walk-in closet and 2 bathrooms in total. 1 exclusive locker as well. The most desired layout in the entire building. Gym, patio-access, kids play area, 24 hrs concierge.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13775346
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 700-799 sq ft
- Cross streets
- Yonge & Dundas
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,047/mo
- Exposure
- South West
- Property tax
- $3,077 / 2025
- Days on market
- 39
- Listing brokerage
- HOMELIFE SILVERCITY REALTY INC.
Rooms
Overlooks Dining
5 Pc Ensuite
Combined w/Living
Combined w/Dining
Separate Room
Listed at $534,000. Going by how homes in Bay Street Corridor have actually closed against their asking prices (about 97%, 104 local closings in 90 days), the likely sale price is near $518K, if it sells. A realistic range is $488K to $561K.
Independent value check: $480K. Without looking at the asking price, our model values the home itself about 10% below the ask (homes like it typically land between $447K and $505K).
Why $480K. The typical condo sold in Bay Street Corridor over the past year went for about $594K (447 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $3,077 a year; the typical home sold here pays about $3,600.
- ▲ Raises it strongly1 bedrooms and 2 baths, against 1+1 and 1 typically.
- ▼ Lowers itIts maintenance fee is $1,047 a month; the typical unit sold here pays about $700.
- ▲ Raises it slightly2 garage and 2 total parking spaces, against 1 and 1 typically.
Total price vs nearby homes. Likely closing about $518K, from 104 recent closings in this pocket.
The market behind the math:
About 1.4 months of inventory: 50 condo apartment homes for sale in the area against 104 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $712/sqft against an area asking average of $898/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 104 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $448K. Condition and finishes remain an in-person call.
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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($712/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 11 homes sold in this building over the past 14 months, from 500 closings in Bay Street Corridor.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $806/sqft; this home lists at $712/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Bay Street Corridor: $530K in September 2026, down 13% from a year ago, on 436 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $720K | 29 |
| November 2025 | $587K | 33 |
| December 2025 | $569K | 18 |
| January 2026 | $632K | 21 |
| February 2026 | $550K | 23 |
| March 2026 | $570K | 39 |
| April 2026 | $610K | 48 |
| May 2026 | $645K | 52 |
| June 2026 | $645K | 47 |
| July 2026 | $548K | 60 |
| August 2026 | $515K | 33 |
| September 2026 | $530K | 33 |
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.
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $427,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,362
- Property tax
- $256
- Condo / maintenance fees
- $1,047
- Heating
- $0
- Estimated monthly cost
- $3,665
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,155
- Toronto municipal land transfer tax
- $7,155
- Estimated closing costs
- $14,310
Plus your down payment of $106,800. 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
- $141,724
- Principal paid down
- $52,196
- Interest paid
- $89,528
- Balance remaining
- $375,004
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 numbersThe last 5 whole-home leases in Bay Street Corridor 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE SILVERCITY REALTY INC.. MLS®/PropTx.