706-400 Adelaide Street, Toronto, ON
Moss Park, Toronto · MLS® C13812588
About this home
In short
- Welcome to Unit 706 at the iconic Ivory on Adelaide condo, a rare 983 sqft. corner suite offering exceptional space, natural light, and an outstanding downtown location.
- This bright and spacious 2-bedroom corner unit sits at the heart of Old Toronto.
- The primary bedroom offers a generous walk-in closet and private ensuite bathroom with bathtub, while the second bedroom currently configured as a home office...
- The open-concept living and dining areas offer generous proportions for both everyday living and entertaining.
- Residents enjoy a comprehensive range of building amenities including a large outdoor terrace with BBQ and lounge areas, fitness facility, 24-hour concierge, party...
Welcome to Unit 706 at the iconic Ivory on Adelaide condo, a rare 983 sqft. corner suite offering exceptional space, natural light, and an outstanding downtown location. This bright and spacious 2-bedroom corner unit sits at the heart of Old Toronto. With desirable south and west exposures, the suite is filled with sunlight throughout the day. The thoughtfully designed layout features two spacious bedrooms and two full bathrooms. The primary bedroom offers a generous walk-in closet and private ensuite bathroom with bathtub, while the second bedroom currently configured as a home office comfortably accommodates a queen-sized bed. The open-concept living and dining areas offer generous proportions for both everyday living and entertaining. The kitchen features a large center island and newer appliances, while a private balcony provides additional outdoor space. In-suite laundry and a dedicated storage room add further convenience. Residents enjoy a comprehensive range of building amenities including a large outdoor terrace with BBQ and lounge areas, fitness facility, 24-hour concierge, party room, executive lounge, and guest suite. The unit also includes parking with an upgraded dedicated bike rack and a separate locker. Ideally situated in Old Toronto, the property is within a 10-minute walk of both St. Lawrence Market and the Distillery District, with restaurants, cafés, shops, and historic landmarks throughout the surrounding neighborhood. TTC access is just steps away, with convenient connections to the Financial District and easy DVP access, making it an ideal choice for professionals and families alike. With its rare 983 sqft. space, corner positioning, exceptional natural light, and unbeatable location, Unit 706 offers a distinctive opportunity to enjoy spacious downtown living in one of Toronto's most established neighborhoods.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13812588
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Adelaide/Sherbourne
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $802/mo
- Exposure
- South West
- Property tax
- $4,029 / 2026
- Days on market
- 27
- Listing brokerage
- AIMHOME REALTY INC.
Rooms
laminate · large closet · large window
laminate · sw view · w/o to balcony
laminate · modern kitchen · stainless steel appl
laminate · combined w/living · open concept
laminate · 4 pc ensuite · walk-in closet(s)
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 readThe 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.
For sale
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 $938/sqft; this home lists at $900/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Moss Park, Toronto, ON
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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 $684,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,782
- Property tax
- $336
- Condo / maintenance fees
- $802
- Heating
- $0
- Estimated monthly cost
- $4,920
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,575
- Toronto municipal land transfer tax
- $13,575
- Estimated closing costs
- $27,150
Plus your down payment of $171,000. 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
- $226,917
- Principal paid down
- $83,572
- Interest paid
- $143,345
- Balance remaining
- $600,428
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of AIMHOME REALTY INC.. MLS®/PropTx.