515-33 Empress Avenue, Toronto, ON

Willowdale East, Toronto · MLS® C13884556

$498,000
For Sale
Listed 9 days agoNo offer date stated
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1Bedrooms
1Bathrooms
1Garage
500-599Sq ft

About this home

In short

  • Welcome to Royal Pinnacle by Menkes - a Luxurious Condo in the Heart of North York.
  • This spacious 1-bedroom suite features a private balcony and 9' ceilings with a panoramic north view.
  • The renovated open-concept kitchen is equipped with stainless steel appliances, Microwave with hood fan (2026), Stove (2026), dishwasher (2026), granite countertops...
  • Elegant hardwood flooring flows through the living and dining areas, complemented by a 4-piece bath with a granite vanity top and ensuite laundry.
  • Exceptional building amenities include a gym, sauna, yoga studio, recreation and party rooms, and 24-hour concierge.

Welcome to Royal Pinnacle by Menkes - a Luxurious Condo in the Heart of North York. This spacious 1-bedroom suite features a private balcony and 9' ceilings with a panoramic north view. The renovated open-concept kitchen is equipped with stainless steel appliances, Microwave with hood fan (2026), Stove (2026), dishwasher (2026), granite countertops, an undermount sink, and a breakfast bar. Elegant hardwood flooring flows through the living and dining areas, complemented by a 4-piece bath with a granite vanity top and ensuite laundry. One parking space included. Enjoy direct access to the subway, Empress Walk, movie theatre, famous T&T supermarket, restaurants, and coffee shops. Steps to Mel Lastman Square, Civic Centre, and the public library. Zoned for top-ranked schools Earl Haig Secondary and McKee Public within walking distance. Exceptional building amenities include a gym, sauna, yoga studio, recreation and party rooms, and 24-hour concierge. Conveniently located near Hwy 401 and 404.

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13884556
Bedrooms
1
Bathrooms
1
Size
500-599 sq ft
Cross streets
Yonge & Sheppard
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$458/mo
Exposure
North
Property tax
$2,348 / 2026
Days on market
9
Listing brokerage
CENTURY 21 KING`S QUAY REAL ESTATE INC.

Rooms

Living RoomFlat7.11 × 2.99 m

combined w/dining · vinyl floor · window

Dining RoomFlat7.11 × 2.99 m

combined w/living · vinyl floor · open concept

KitchenFlat2.44 × 2.34 m

stainless steel appl · ceramic floor · granite counters

Primary BedroomFlat3.84 × 2.74 m

closet · vinyl floor · w/o to balcony

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 Earl Haig Secondary School, 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.

Neighbourhood & location

Willowdale East, 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.

Bayview Village
$543K
Annex
$1.03M
North St. James Town
$649K
Kensington-Chinatown
$585K
Church-Yonge Corridor
$876K

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 McKee Public School
86%
McKee Public SchoolPublic · Elementary · 0.6 km awayHigher-rated than most nearby · 86% meet the provincial standard
Avondale Elementary Alternative SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Claude Watson School for the Arts · Public elementary0.4 km · 96% at standard
Cardinal Carter Academy for the Arts · Catholic secondary0.6 km · 92% at standard
Cardinal Carter ES · Catholic elementary0.6 km
St Cyril Catholic School · Catholic elementary0.9 km · 90% at standard
Willowdale Middle School · Public elementary1.1 km · 78% at standard
Churchill Public School · Public elementary1.2 km · 83% at standard
Avondale Alternative Elementary School · Public elementary1.4 km · 94% at standard
Avondale Public School · Public elementary1.4 km · 70% at standard
Hollywood Public School · Public elementary1.6 km · 96% at standard
St Antoine Daniel Catholic School · Catholic elementary1.7 km · 58% at standard
St Edward Catholic School · Catholic elementary1.7 km · 89% at standard
Cameron Public School · Public elementary1.8 km · 81% at standard

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

Affordability & Mortgage

Affordability
$2,270/mo
$105KIncome needed
4.8×Price ÷ income
$524Weekly cost
$12,870Land 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.

78%mortgage
Mortgage $2,270Property tax $196Condo fee $458Total carry $2,924

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)
$2,203per month

Mortgage amount $398,400 · 4.49% over 25 years

$99,600Down payment (20.0%)
$398,400Loan before insurance
$0CMHC premium
$2,856Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,203
Property tax
$196
Condo / maintenance fees
$458
Heating
$0
Estimated monthly cost
$2,856

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

One-time closing costs

Ontario land transfer tax
$6,435
Toronto municipal land transfer tax
$6,435
Estimated closing costs
$12,870

Plus your down payment of $99,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,666/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

$262,447Total interest paid
$660,847Total of all payments
Principal $398,400 Interest $262,447
YearPrincipalInterestBalance
1$8,891$17,543$389,509
2$9,294$17,140$380,215
3$9,716$16,718$370,499
4$10,157$16,276$360,341
5$10,619$15,815$349,723
6$11,101$15,333$338,622
7$11,605$14,829$327,017
8$12,132$14,302$314,886
9$12,682$13,751$302,203
10$13,258$13,176$288,945
11$13,860$12,574$275,085
12$14,490$11,944$260,595
13$15,147$11,286$245,448
14$15,835$10,599$229,612
15$16,554$9,880$213,058
16$17,306$9,128$195,752
17$18,092$8,342$177,661
18$18,913$7,521$158,748
19$19,772$6,662$138,976
20$20,669$5,764$118,306
21$21,608$4,826$96,698
22$22,589$3,845$74,109
23$23,615$2,819$50,495
24$24,687$1,747$25,808
25$25,808$626$0

At the end of your 5-year term

Total paid over the term
$132,169
Principal paid down
$48,677
Interest paid
$83,492
Balance remaining
$349,723

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$1,700/mo
$20,400Gross annual rent
1.9%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.

4.1%
Gross yield
− Property tax $2,348− Condo fees $5,499− Insurance $600− Vacancy & upkeep $2,244Net operating income $9,709

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 KING`S QUAY REAL ESTATE INC.. MLS®/PropTx.

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