1508-38 Grenville Street, Toronto, ON

Bay Street Corridor, Toronto · MLS® C13783850

$579,000
For Sale
Listed 34 days agoNo offer date stated
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2+1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Bright And Spacious Northeast Corner 2+1 Unit At The Murano Condos, Offering Over 600 Sq.
  • Includes 1 Underground Parking Spot And 1 Locker.
  • Enjoy 24-Hour Concierge, Gym, Indoor Pool, Party/Meeting Room, Guest Suites, And Visitor Parking In This Well-Maintained, Pet-Friendly Building.
  • Steps To Yonge Street, U Of T, TMU, Queen's Park, Major Hospitals, Wellesley Subway, Eaton Centre, Yorkville, Restaurants, Shopping, Parks, And The Financial District.

Bright And Spacious Northeast Corner 2+1 Unit At The Murano Condos, Offering Over 600 Sq. Ft. Of Well-Designed Living Space Plus A Large Balcony With Skyline Views. Floor-To-Ceiling Windows Fill The Suite With Natural Light, While The Corner Exposure And No Direct Sightlines From Neighbouring Units Provide A Rare Sense Of Privacy. This Freshly Painted Unit Features Laminate Flooring, Smooth Ceilings, And A Modern Kitchen With Granite Countertops And Stainless Steel Appliances. The Second Bedroom Features A Window, And The Separate Den With Sliding Door Offers Additional Flexible Living Space. Includes 1 Underground Parking Spot And 1 Locker. Enjoy 24-Hour Concierge, Gym, Indoor Pool, Party/Meeting Room, Guest Suites, And Visitor Parking In This Well-Maintained, Pet-Friendly Building. Steps To Yonge Street, U Of T, TMU, Queen's Park, Major Hospitals, Wellesley Subway, Eaton Centre, Yorkville, Restaurants, Shopping, Parks, And The Financial District. An Excellent Opportunity For First-Time Buyers, Young Professionals, Parents Purchasing For A Student, Or Investors.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13783850
Bedrooms
2+1 (3 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Bay/College
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$701/mo
Exposure
North East
Property tax
$3,729 / 2026
Days on market
34
Listing brokerage
HOMELIFE LANDMARK REALTY INC.

Rooms

Primary BedroomFlat3.50 × 2.74 m

laminate · large closet · large window

Living RoomFlat5.54 × 3.81 m

laminate · combined w/dining

DenFlat2.68 × 2.32 m

Laminate

Dining RoomFlat5.54 × 3.81 m

combined w/living · open concept

KitchenFlat2.30 × 2.30 m

ceramic backsplash · stainless steel appl · laminate

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

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.

What sellers nearby are askingCurrently listed nearby in Bay Street Corridor · asking prices
$583kavg asking

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

Per square foot, these ask about $880/sqft; this home lists at $891/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
579kThis home570k599k599k620k525kThis home vs active comparables

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.

Nearby neighbourhoods

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

Kensington-Chinatown
$585K
North St. James Town
$649K
Church-Yonge Corridor
$876K
Annex
$1.03M
Moss Park
$549K

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 · 0.6 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
St Joseph's College School · Catholic secondary0.3 km · 76% at standard
Native Learning Centre · Public secondary0.5 km
Orde Street Public School · Public elementary0.6 km · 76% at standard
Jarvis Collegiate Institute · Public secondary0.8 km · 57% at standard
St Michael's Choir (Sr) School · Catholic secondary1.0 km · 98% at standard
St Martin Catholic School(OL of Lourdes · Catholic elementary1.0 km
St Michael's Choir (Jr) School · Catholic elementary1.0 km · 98% at standard
Contact Alternative School School · Public secondary1.0 km
Heydon Park Secondary School · Public secondary1.1 km · 8% at standard
Subway Academy II · Public secondary1.1 km
Beverley School · Public elementary1.1 km
Msgr Fraser College (Isabella Campus) · Catholic secondary1.1 km

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

Affordability & Mortgage

Affordability
$2,639/mo
$128KIncome needed
4.5×Price ÷ income
$609Weekly cost
$16,110Land 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.

72%mortgage
Mortgage $2,639Property tax $311Condo fee $701Total carry $3,651

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,561per month

Mortgage amount $463,200 · 4.49% over 25 years

$115,800Down payment (20.0%)
$463,200Loan before insurance
$0CMHC premium
$3,573Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,561
Property tax
$311
Condo / maintenance fees
$701
Heating
$0
Estimated monthly cost
$3,573

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

One-time closing costs

Ontario land transfer tax
$8,055
Toronto municipal land transfer tax
$8,055
Estimated closing costs
$16,110

Plus your down payment of $115,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,100/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

$305,134Total interest paid
$768,334Total of all payments
Principal $463,200 Interest $305,134
YearPrincipalInterestBalance
1$10,337$20,397$452,863
2$10,806$19,927$442,057
3$11,297$19,437$430,761
4$11,810$18,924$418,951
5$12,346$18,388$406,606
6$12,906$17,827$393,699
7$13,492$17,241$380,207
8$14,105$16,628$366,102
9$14,745$15,988$351,357
10$15,415$15,319$335,942
11$16,115$14,619$319,827
12$16,846$13,887$302,981
13$17,611$13,122$285,370
14$18,411$12,322$266,959
15$19,247$11,487$247,712
16$20,121$10,613$227,591
17$21,034$9,699$206,557
18$21,989$8,744$184,568
19$22,988$7,746$161,580
20$24,031$6,702$137,549
21$25,123$5,611$112,426
22$26,263$4,470$86,163
23$27,456$3,278$58,708
24$28,702$2,031$30,005
25$30,005$728$0

At the end of your 5-year term

Total paid over the term
$153,667
Principal paid down
$56,594
Interest paid
$97,072
Balance remaining
$406,606

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$2,050/mo
$24,600Gross annual rent
1.6%Cap rate after taxes and upkeep

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.

4.2%
Gross yield
− Property tax $3,729− Condo fees $8,412− Insurance $600− Vacancy & upkeep $2,706Net operating income $9,153

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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