505-2 Fieldway Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13229578
About this home
Trendy 2-bedroom, 2-bathroom unit located in the Network Lofts; an iconic, hard loft conversion in the heart of vibrant Islington City Centre! This big, bright, east-facing unit enjoys views of Toronto's City skyline and lush, green Kenway Park. Here you will find 859 square feet of well-designed living space, flooded by morning sunlight. You'll love the industrial features within the unit: open mechanical components, polished concrete floors, exposed support column and soaring 10.5-foot ceilings. The sun-soaked living room opens to the dining room and handy home office nook. The contemporary, open concept cook's kitchen enjoys modern, European-style, flat cabinetry in a blackened-brown finish; speckled stone countertops and a glossy charcoal-black backsplash. The 'king-sized' primary bedroom features a large double-closet, additional overhead storage and modern, fully-renovated 3-piece ensuite. The ensuite was designed with a minimalist aesthetic, keeping the space clean and neat. The 2nd bedroom features a Murphy bed, double closet with closet organisers and access to the updated 4-piece bathroom (combined with laundry). This turn-key unit is painted in a neutral off-white with rich navy accents through-out, providing a modern feel with a touch of sophistication. The Network Lofts radiate an authentic industrial-chic ambience, blending industrial elements with modern, innovative design. This building stands alone from numerous mass-produced west-end condos, resonating with both personality and individuality. Well-located, well-maintained, pet-friendly building with an amazing rooftop terrace complete with panoramic views and BBQ's. Plus, whirlpool spa, steam rooms, fully-equipped fitness centre, party room, a guest suite, visitor parking and 24-hour concierge. Bloor St, Bloor Islington Place and the vibrant Kingsway Village offer loads of shops, restaurants, eateries and numerous amenities. Steps to Islington Subway Station & easy access to Kipling GO, 427 & QEW.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- W13229578
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- Islington Ave & Bloor St W
- Parking
- 1 garage (surface)
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $842/mo
- Exposure
- East
- Property tax
- $2,916 / 2026
- Days on market
- 49
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
concrete floor · modern kitchen · stainless steel appl
concrete floor · double closet · murphy bed
concrete floor · double closet · 3 pc ensuite
concrete floor · open concept · combined w/office
concrete floor · east view · juliette balcony
Listed at $629,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Islington-City Centre West lately, sellers have been getting about 95% of asking and homes sell in about 36 days.
There were not many closely comparable homes right in Islington-City Centre West, so I widened the search to the surrounding area.
Based on 90 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 90 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $586K, 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 $490K
- Adjusts to $490K
That comparable adjusts to $490K; the $596K estimate above is the median of all 90 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.
Its public catchment (Etobicoke Collegiate Institute) 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. Green Lanes is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $596K, median of 90 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 2% above the area average of $722/sqft.
48 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, 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: Green Lanes, about 138 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 22, 2026); conventional rates run a little higher.
Mortgage amount $503,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,685
- Property tax
- $243
- Condo / maintenance fees
- $842
- Heating
- $0
- Estimated monthly cost
- $3,770
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,055
- Toronto municipal land transfer tax
- $9,055
- Estimated closing costs
- $18,110
Plus your down payment of $125,800. 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
- $161,116
- Principal paid down
- $64,083
- Interest paid
- $97,033
- Balance remaining
- $439,117
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 REAL ESTATE SERVICES LTD.. MLS®/PropTx.