552-111 Elizabeth Street, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13807620
About this home
In short
- Location, Lifestyle & Exceptional Convenience.
- This Bright & Functional 1 Bedroom + Den Offers Approx.
- The Open-Concept Living/Dining Area Features Floor-To-Ceiling Windows, A Functional, Well-Lit Separate Den With Space For A Full Home Office, And A Modern Kitchen...
- A Rare Downtown Bonus: One Owned Parking Space + TWO Lockers(One Standard-Size And One Exceptionally Tall, Oversized Locker)-Both Conveniently Located Near The...
- Recently Renovated Lobby And Hallways Complement Amenities Including A Large Indoor Pool, Whirlpool, Dry And Wet Saunas, Fitness Facilities, Large Two-Storey Party...
Location, Lifestyle & Exceptional Convenience! Welcome To One City Hall-Mere Steps From Toronto City Hall, The Eaton Centre And The Financial District.This Bright & Functional 1 Bedroom + Den Offers Approx. 637 Sq. Ft. Of Interior Living Space, Exclusive Of Two Balconies(Approx. 14' x 2' And 5'6" x 5'). Unit Not Blocked By Other Building. The Open-Concept Living/Dining Area Features Floor-To-Ceiling Windows, A Functional, Well-Lit Separate Den With Space For A Full Home Office, And A Modern Kitchen With An Expandable Mobile Island/Dining Table. Customizable, Dimmable Studio Track Lighting Provides Directional And Spatial Lighting Throughout The Living Space. Freshly Painted And Finished With New Luxury Waterproof Vinyl Flooring, With Major Appliances And Components Upgraded In Recent Years.A Rare Downtown Bonus: One Owned Parking Space + TWO Lockers(One Standard-Size And One Exceptionally Tall, Oversized Locker)-Both Conveniently Located Near The Elevator.24-Hour Concierge And Package Receiving Provide Security And Convenience. Recently Renovated Lobby And Hallways Complement Amenities Including A Large Indoor Pool, Whirlpool, Dry And Wet Saunas, Fitness Facilities, Large Two-Storey Party Room, Affordable Guest Suites For Visiting Family And Friends, And A Rooftop Terrace With BBQ And Downtown/CN Tower Views.T&T Supermarket, IKEA, Canadian Tire, Shoppers Drug Mart, Eaton Centre Shopping, Many Restaurants, Two TTC/Subway Stations And PATH Access Are All Within A 5-10 Minutes Walk.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13807620
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Bay St & Dundas
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $666/mo
- Exposure
- East
- Property tax
- $3,200 / 2026
- Days on market
- 28
- Listing brokerage
- ROYAL LEPAGE CERTIFIED REALTY
Rooms
vinyl floor · combined w/living · open concept
vinyl floor · combined w/dining · w/o to balcony
vinyl floor · open concept
vinyl floor · mirrored closet · window floor to ceiling
Listed at $650,000. Going by how homes in Bay Street Corridor have actually closed against their asking prices (about 97%, 105 local closings in 90 days), the likely sale price is near $630K, if it sells. A realistic range is $594K to $682K.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $630K, from 105 recent closings in this pocket.
The market behind the math:
About 0.1 months of inventory: 5 condo apartment homes for sale in the area against 105 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,001/sqft against an area asking average of $771/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 105 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $510K. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
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.
Based on 10 homes sold in this building over the past 14 months, from 500 closings in Bay Street Corridor.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $504K, which is where my estimate comes from.
Per square foot, these ask about $771/sqft; this home lists at $1,001/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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 19, 2026); conventional rates run a little higher.
Mortgage amount $520,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,875
- Property tax
- $267
- Condo / maintenance fees
- $666
- Heating
- $0
- Estimated monthly cost
- $3,808
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,475
- Toronto municipal land transfer tax
- $9,475
- Estimated closing costs
- $18,950
Plus your down payment of $130,000. 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
- $172,510
- Principal paid down
- $63,534
- Interest paid
- $108,976
- Balance remaining
- $456,466
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 7 whole-home leases in Bay Street Corridor signed at a median of $2,550 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,749. 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 ROYAL LEPAGE CERTIFIED REALTY. MLS®/PropTx.