631-36 Zorra Street, Toronto, ON

Islington-City Centre West, Toronto · MLS® W13131052

$499,000
For Sale
Listed 64 days ago
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2Bedrooms
1Bathrooms
0Parking
600-699Sq Ft

About this home

Welcome to 36 Zorra, the Ultimate in Urban Living. Amazing opportunity to Live in the Heart of the Vibrant South Etobicoke Community. Oversize Floor to Ceiling Windows, 9 Foot Smooth Ceilings, Ensuite Laundry, Spacious Bedrooms & Beautiful Views! Incredible Building Amenities include Rooftop Pool Deck, Sauna, Fitness Center, BBQ Area, Games Room, 24/7 Concierge & Guest Rooms.

Key facts

Property type
Condo Apartment, Apartment
MLS®
W13131052
Bedrooms
2 (1 + 1)
Bathrooms
1
Size
600-699
Cross streets
The Queensway & Islington Ave
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$404/mo
Exposure
North
Days on market
64
Listing brokerage
P2 REALTY INC.
Moe’s TakeTeam Asgarian · Broker
Above comparables
$472Kest. value

Listed at $499,000, this home is about 6% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.

Priced above comparable homes overall, but the price per square foot ($768/sqft) is in line with the area, so you are paying for extra space rather than a premium.

Based on 25 similar homes nearby, adjusted for size, beds, and baths.Median of 25 comparable active listings, adjusted for size, beds, and baths.

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 $450K
  • Adjusts to $450K

That comparable adjusts to $450K; the $472K estimate above is the median of all 25 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.

Its public catchment (Castlebar Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a very walkable address with everyday errands close by. The Queensway at Zorra St is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$447KGreat deal$499KOverpriced

Total price vs nearby homes. Fair value about $472K, median of 25 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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
  • Weigh carefully
Comparable listingsCurrently listed nearby in Islington-City Centre West · asking prices
$481kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

606-1 Michael Power Place$495k606-3 Michael Power Place$490k207-1050 The Queensway$480k1011-3391 Bloor Street$470k609-3391 Bloor Street$470k

The 5 closest of 8 active listings nearby.

See all comparable homes
499kThis home495k490k480k470k470kThis home vs active comparables
Live market pulseActive comparables in Islington-City Centre West · median list $500K
$768this home / sqft
69active listings nearby
64days on market

This home lists 1% above the area average of $763/sqft.

On the market now.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Islington-City Centre West, 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.

Getting around

77/ 100

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: The Queensway at Zorra St, about 235 m away

20+ transit stops2 grocery20+ dining13 parks11 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Mimico
$800K
Waterfront Communities C1
$694K
Annex
$1.39M
Church-Yonge Corridor
$574K
Waterfront Communities C8
$998K

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 Castlebar Junior School
82%
Castlebar Junior SchoolPublic · Elementary · 1.4 km awayAbove the GTA average · 82% meet the provincial standard

Affordability & Mortgage

Affordability
$2,274/mo
$108KIncome needed
4.6×Price ÷ income
$525Weekly cost
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.

76%mortgage
Mortgage $2,274Property tax $312Condo fee $404Total carry $2,990

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%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,130per month

Mortgage amount $399,200 · 4.14% over 25 years

$99,800Down payment (20.0%)
$399,200Loan before insurance
$0CMHC premium
$2,846Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,130
Property tax
$312
Condo / maintenance fees
$404
Heating
$0
Estimated monthly cost
$2,846

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

One-time closing costs

Ontario land transfer tax
$6,455
Toronto municipal land transfer tax
$6,455
Estimated closing costs
$12,910

Plus your down payment of $99,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$2,587/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

$239,884Total interest paid
$639,084Total of all payments
Principal $399,200 Interest $239,884
YearPrincipalInterestBalance
1$9,352$16,211$389,848
2$9,743$15,820$380,105
3$10,151$15,413$369,954
4$10,575$14,988$359,379
5$11,018$14,546$348,362
6$11,478$14,085$336,883
7$11,958$13,605$324,925
8$12,459$13,105$312,466
9$12,980$12,584$299,486
10$13,523$12,041$285,964
11$14,088$11,475$271,875
12$14,678$10,886$257,198
13$15,292$10,272$241,906
14$15,931$9,632$225,975
15$16,598$8,966$209,377
16$17,292$8,271$192,085
17$18,015$7,548$174,070
18$18,769$6,795$155,301
19$19,554$6,010$135,748
20$20,372$5,192$115,376
21$21,224$4,340$94,152
22$22,112$3,452$72,040
23$23,036$2,527$49,004
24$24,000$1,563$25,004
25$25,004$559$0

At the end of your 5-year term

Total paid over the term
$127,817
Principal paid down
$50,838
Interest paid
$76,979
Balance remaining
$348,362

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$2,050/mo
$24,600Gross annual rent
2.6%Est. cap rate

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.

4.9%
Gross yield
− Property tax $3,493− Condo fees $4,850− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,951

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of P2 REALTY INC.. MLS®/PropTx.

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