508-2 Edith Drive, Toronto, ON

Yonge-Eglinton, Toronto · MLS® C13817882

$945,000
For Sale
Listed 26 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Welcome To The Movado At 2 Edith Dr.
  • It Is Very Rare That This Corner Unit, Just Shy Of 1100 Sq-Ft 2 Bed, 2 Bath With An Open Concept And Split Bedroom Floorplan At Yonge And Eg Comes Available.
  • This Unit Has Been Upgraded With New Custom Kitchen Cabinets And Appliances, Additional Storage Cabinets, 9' Smooth Finished Ceilings, Crown Mouldings And New Luxury...
  • The Primary Bedroom Is A Great Size With A Walk In Closet And Upgraded 4-Piece Ensuite.
  • Another Big Plus Is You Don't Need To Wait Forever For An Elevator Like In Many Of The 30-40 Storey Plus High Rises.

Welcome To The Movado At 2 Edith Dr. A Fabulous Low-Rise Boutique Condo In The Yonge & Eglinton Neighbourhood. It Is Very Rare That This Corner Unit, Just Shy Of 1100 Sq-Ft 2 Bed, 2 Bath With An Open Concept And Split Bedroom Floorplan At Yonge And Eg Comes Available.This Unit Has Been Upgraded With New Custom Kitchen Cabinets And Appliances, Additional Storage Cabinets, 9' Smooth Finished Ceilings, Crown Mouldings And New Luxury Vinyl Flooring. The Primary Bedroom Is A Great Size With A Walk In Closet And Upgraded 4-Piece Ensuite. The Shower Rivals Those Found In Custom-Built Homes. Laundry Is In The Unit With A Newer Full-Size Washer And Dryer. Another Fabulous Feature Is A Fantastic Balcony That Faces North-West Looking Over A Canopy Of Trees (Not Eglinton Ave) That Gives You A Lot Of Privacy. This Unit Also Comes With a Parking Spot And Locker. The Building Amenities Have a Gym, Party/Meeting Room And Bbq Area. Awesome Eglinton Park And North Toronto Community Centre Are Right Around The Corner. You Are Only A 5-Minute Walk To The Corner Of Yonge And Eglinton, Where You Can Hop On The TTC Subway Or The LRT. There Are Tons Of Retail Shops, Restaurants, Grocery Stores And Medical Offices Up And Down Yonge St And Across Eglinton Ave. However, When You Just Need A Few Basics, There Is A Convenience Store And Dry Cleaners Right Across The Street. Another Big Plus Is You Don't Need To Wait Forever For An Elevator Like In Many Of The 30-40 Storey Plus High Rises. Maint Fees Include: Heat, Hydro, Water, Central AC - Pets Allowed With Some Restrictions.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13817882
Bedrooms
2
Bathrooms
2
Size
1000-1199 sq ft
Cross streets
Yonge and Eglinton
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$1,379/mo
Exposure
North West
Property tax
$4,435 / 2026
Days on market
26
Listing brokerage
FOREST HILL REAL ESTATE INC.

Rooms

Bedroom 2Flat4.21 × 2.65 m

laminate · closet · picture window

KitchenFlat2.87 × 2.44 m

quartz counter · breakfast bar · renovated

Dining RoomFlat4.02 × 3.14 m

laminate · combined w/living · fireplace

Primary BedroomFlat5.66 × 3.02 m

laminate · w/o to balcony · walk-in closet(s)

Living RoomFlat4.30 × 3.17 m

laminate · combined w/dining · w/o to balcony

BathroomFlat3.26 × 2.74 m

4 pc ensuite · b/i shelves

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

On schools, this address is zoned for North Toronto Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.

What sellers nearby are askingCurrently listed nearby in Yonge-Eglinton · asking prices
$1.48Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market.

Per square foot, these ask about $1,385/sqft; this home lists at $859/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
945kThis home1.50M1.52M1.19M1.70MThis home vs active comparables

Neighbourhood & location

Yonge-Eglinton, 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.

Mount Pleasant West
$530K
Kensington-Chinatown
$578K
Moss Park
$495K
Bayview Village
$554K
Waterfront Communities C1
$699K

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 Allenby Junior Public School
78%
Allenby Junior Public SchoolPublic · Elementary · 0.9 km awayAbove the GTA average · 78% meet the provincial standard
Glenview Senior Public SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Marshall McLuhan Catholic Secondary School · Catholic secondary0.6 km · 74% at standard
Oriole Park Junior Public School · Public elementary0.7 km · 100% at standard
John Fisher Junior Public School · Public elementary0.8 km · 85% at standard
Spectrum Alternative Senior School · Public elementary1.0 km
Davisville Junior Public School · Public elementary1.0 km · 86% at standard
Eglinton Junior Public School · Public elementary1.0 km · 70% at standard
Northern Secondary School · Public secondary1.1 km · 82% at standard
North Preparatory Junior Public School · Public elementary1.4 km · 71% at standard
John Ross Robertson Junior Public School · Public elementary1.4 km · 83% at standard
Forest Hill Junior and Senior Public School · Public elementary1.5 km · 82% at standard
Forest Hill Collegiate Institute · Public secondary1.5 km · 76% at standard
Hodgson Middle School · Public elementary1.6 km · 76% at standard

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

Affordability & Mortgage

Affordability
$4,307/mo
$205KIncome needed
4.6×Price ÷ income
$994Weekly cost
$30,750Land 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.

71%mortgage
Mortgage $4,307Property tax $370Condo fee $1,379Total carry $6,056

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)
$4,180per month

Mortgage amount $756,000 · 4.49% over 25 years

$189,000Down payment (20.0%)
$756,000Loan before insurance
$0CMHC premium
$5,929Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,180
Property tax
$370
Condo / maintenance fees
$1,379
Heating
$0
Estimated monthly cost
$5,929

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

One-time closing costs

Ontario land transfer tax
$15,375
Toronto municipal land transfer tax
$15,375
Estimated closing costs
$30,750

Plus your down payment of $189,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,059/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

$498,016Total interest paid
$1,254,016Total of all payments
Principal $756,000 Interest $498,016
YearPrincipalInterestBalance
1$16,871$33,290$739,129
2$17,637$32,524$721,493
3$18,437$31,723$703,055
4$19,275$30,886$683,781
5$20,150$30,011$663,631
6$21,065$29,096$642,566
7$22,021$28,140$620,545
8$23,021$27,140$597,524
9$24,066$26,095$573,458
10$25,159$25,002$548,299
11$26,301$23,859$521,998
12$27,495$22,665$494,503
13$28,744$21,417$465,759
14$30,049$20,112$435,710
15$31,413$18,748$404,297
16$32,839$17,321$371,458
17$34,330$15,830$337,127
18$35,889$14,271$301,238
19$37,519$12,642$263,719
20$39,222$10,938$224,497
21$41,003$9,158$183,494
22$42,865$7,296$140,629
23$44,811$5,350$95,818
24$46,846$3,315$48,973
25$48,973$1,188$0

At the end of your 5-year term

Total paid over the term
$250,803
Principal paid down
$92,369
Interest paid
$158,434
Balance remaining
$663,631

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$3,400/mo
$40,800Gross 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.

4.3%
Gross yield
− Property tax $4,435− Condo fees $16,549− Insurance $600− Vacancy & upkeep $4,488Net operating income $14,728

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FOREST HILL REAL ESTATE INC.. MLS®/PropTx.

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