702-1401 O'connor Drive, Toronto, ON
O'Connor-Parkview, Toronto · MLS® E13566378
About this home
Welcome to 1401 O'Connor Drive, Suite 702-an exceptional top-floor residence offering the space, privacy, and outdoor living rarely found in condominium living. With no neighbours above and unobstructed southeast views, this beautifully designed 2-bedroom, 2-bathroom suite is filled with natural light through expansive floor-to-ceiling windows. The well-planned layout offers a comfortable flow, upgraded finishes, ensuite laundry, and excellent use of every square foot. The true showpiece is the spectacular 300 sq. ft. private terrace-an extraordinary extension of your living space and your own private retreat above the city. Whether you're enjoying your morning coffee, entertaining family and friends, dining under the stars, or simply relaxing with panoramic views, this remarkable outdoor oasis sets this home apart from anything else in its class. Offered fully furnished and move-in ready, this turnkey opportunity also includes one owned parking space and a locker, making it ideal for professionals, downsizers, first-time buyers, or investors seeking a truly exceptional property. Located in a boutique-style condominium with a warm community feel, you'll enjoy easy access to transit, the DVP, Highway 401, shops, cafés, restaurants, parks, and all the conveniences that make East York one of Toronto's most desirable neighbourhoods. Suite 702 is more than just a condominium-it's where exceptional outdoor living, breathtaking views, and everyday comfort come together to create a place you'll be proud to call home.Your Condo. Your Home. Your Lifestyle
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13566378
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 500-599
- Cross streets
- O"Connor Drive @ Bermondsey
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Exposure
- South East
- Property tax
- $2,547 / 2026
- Days on market
- 2
- Listing brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Rooms
laminate · combined w/living · open concept
laminate · large window · closet
laminate · granite counters · backsplash
laminate · large window · 3 pc ensuite
laminate · large window · w/o to terrace
Listed at $597,800, this home is about 32% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in O'Connor-Parkview, so I widened the search to the surrounding area.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $451K, 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, listed at $399K
- Bathrooms +$15K
- Adjusts to $414K
That comparable adjusts to $414K; the $454K estimate above is the median of all 10 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Victoria Park Elementary 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.
On location, this is a very walkable address with everyday errands close by. O'Connor Dr at Bermondsey Rd is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $454K, median of 10 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.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
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 homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
O'Connor-Parkview, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: O'Connor Dr at Bermondsey Rd, about 33 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $478,240 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,552
- Property tax
- $212
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,764
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,431
- Toronto municipal land transfer tax
- $8,431
- Estimated closing costs
- $16,862
Plus your down payment of $119,560. 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
- $153,124
- Principal paid down
- $60,904
- Interest paid
- $92,220
- Balance remaining
- $417,336
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 SUTTON GROUP-HERITAGE REALTY INC.. MLS®/PropTx.