128-201 Carlaw Avenue, Toronto, ON
South Riverdale, Toronto · MLS® E13731136
About this home
In short
- Priced like it's still a secret in 2026.Before it became home, this building was a printing factory, producing pages, ink and probably a few typos throughout more...
- The numbers that matter: 1,120 sq. ft., 2 bedrooms, 2 bathrooms, 1 parking space and $875,000.
- Unit 128 is located in the original three storey heritage conversion, not the newer glass tower addition.
- With soaring ceilings, more than 1,100 sq. ft. and a layout that genuinely feels like a house, this loft balances character and comfort.
- Downstairs, the open concept kitchen, living and dining space is made for everyday life and entertaining.
Built in 1913. Reinvented in 2014. Priced like it's still a secret in 2026.Before it became home, this building was a printing factory, producing pages, ink and probably a few typos throughout more than a century of Toronto history. Now it's producing something even better: one seriously good hard loft for someone who wants authentic exposed brick, not drywall pretending to be interesting.The numbers that matter: 1,120 sq. ft., 2 bedrooms, 2 bathrooms, 1 parking space and $875,000. That's approximately $781 per sq. ft., which in this market is basically a typo in your favour.Unit 128 is located in the original three storey heritage conversion, not the newer glass tower addition. Translation: real brick, real bones and character no developer could replicate today.With soaring ceilings, more than 1,100 sq. ft. and a layout that genuinely feels like a house, this loft balances character and comfort. Ground floor access means no elevators and no hauling groceries upstairs. Just walk in and you're home.Upstairs, two generously sized bedrooms and a full bathroom create privacy from the main living area. Downstairs, the open concept kitchen, living and dining space is made for everyday life and entertaining.The living area may be on the lower level, but don't picture a basement. Large windows bring in beautiful west facing natural light, making the space feel open, bright and welcoming.The kitchen comes ready with full size appliances, an island for your inevitable charcuterie phase and enough room for a proper dining table where actual dinners can happen. There's also a powder room downstairs, so guests can visit without wandering through your personal space.Two bedrooms. Two bathrooms. One parking space. Zero pretending.This is more than 100 years of Toronto history transformed into the kind of loft you'll actually want to tell people about.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- E13731136
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199 sq ft
- Cross streets
- Carlaw/Queen St E
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Maintenance
- $858/mo
- Exposure
- West
- Property tax
- $3,768 / 2026
- Days on market
- 48
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
hardwood floor · large window · closet
hardwood floor · large window · overlooks dining
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 readIts public catchment (Morse Street Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $944/sqft; this home lists at $796/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
South Riverdale, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $700,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,870
- Property tax
- $314
- Condo / maintenance fees
- $858
- Heating
- $0
- Estimated monthly cost
- $5,042
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,975
- Toronto municipal land transfer tax
- $13,975
- Estimated closing costs
- $27,950
Plus your down payment of $175,000. 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
- $232,225
- Principal paid down
- $85,527
- Interest paid
- $146,698
- Balance remaining
- $614,473
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 SAGE REAL ESTATE LIMITED. MLS®/PropTx.