505-495 Logan Avenue, Toronto, ON
North Riverdale, Toronto · MLS® E13063860
About this home
INCREDIBLE VALUE @ The Lofthouse, a refined boutique address in the heart of North Riverdale. A rare opportunity to purchase at a significantly lower price per square foot compared to recent area comparables at $898/sqf! This striking, almost 1000 sf, 2 bed, 2 bath residence pairs modern design with effortless comfort, where soaring 10ft ceilings and rich hardwood floors create an airy, light-filled space for everyday living. The expansive living & dining area is drenched in natural light, with large floor to ceiling windows framing charming neighbourhood views - equal parts cozy & cosmopolitan. At the centre of it all, the kitchen steals the spotlight: quartz countertops, massive centre island, s/s appliances, sleek cabinetry, and generous storage designed for everything from quiet morning coffee to lively dinner parties. The primary bedroom is your private sanctuary, complete with a walk-in closet, spa-inspired 3-piece ensuite, & direct access to a sun-kissed balcony. The second bedroom is equally spacious and flexible. A rare bonus: a large in-suite storage closet keeps everything beautifully tucked away. Step onto your balcony, equipped with a gas BBQ hookup and electrical outlet - made for golden-hour grilling, weekend wine, and late-night city views. With only 58 suites, The Lofthouse delivers boutique living at its best - intimate, stylish, and refreshingly low-key. Amenities include a rooftop deck with sweeping skyline views, a serene yoga studio, a fully equipped gym, and a chic dining room for gatherings that go well into the evening. And the location? Pure Riverdale magic. Jump on the Gerrard streetcar for a quick ride downtown, catch the Broadview bus to the subway, or wander to Withrow, Jimmie Simpson, and Riverdale Parks. Surrounded by craft breweries, indie cafes, art galleries, and some of the East End's best bistros - and just steps from the creative pulse of Leslieville - this is city living with personality, style, and serious neighbourhood cred.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13063860
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- Gerrard St East & Logan Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $796/mo
- Exposure
- North
- Property tax
- $4,487 / 2025
- Days on market
- 83
- Listing brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Rooms
open concept · hardwood floor · combined w/living
window floor to ceiling · hardwood floor · w/o to balcony
closet · hardwood floor · sliding doors
walk-in closet(s) · 3 pc ensuite · w/o to balcony
centre island · hardwood floor · stainless steel appl
Listed at $819,900, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In North Riverdale lately, sellers have been getting about 96% of asking and homes sell in about 41 days.
There were not many closely comparable homes right in North Riverdale, so I widened the search to the surrounding area.
Based on 93 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 93 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $822K, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $420K
- Bathrooms +$15K
- Adjusts to $435K
That comparable adjusts to $435K; the $774K estimate above is the median of all 93 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On schools, this address is zoned for Pape Avenue Junior Public 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.
Total price vs nearby homes. Fair value about $774K, median of 93 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 2% above the area average of $851/sqft.
82 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
North Riverdale, 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.
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 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $655,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,500
- Property tax
- $374
- Condo / maintenance fees
- $796
- Heating
- $0
- Estimated monthly cost
- $4,670
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,873
- Toronto municipal land transfer tax
- $12,873
- Estimated closing costs
- $25,746
Plus your down payment of $163,980. 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
- $210,014
- Principal paid down
- $83,532
- Interest paid
- $126,482
- Balance remaining
- $572,388
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 ROYAL LEPAGE TERREQUITY REALTY. MLS®/PropTx.