306-20 Thomas Riley Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13248072
About this home
Rarely offered and one of the largest 1 bedroom + den layouts in The Kip District! Offering nearly 700 sq ft plus a balcony, this bright and spacious suite is located on the 3rd floor, perfect for anyone who doesn't want long elevator rides or endless stairs.The layout feels open and airy with rare 9.5 ft ceilings and large windows bringing in beautiful natural light throughout the day. The balcony overlooks peaceful treetop views with a glimpse of the city skyline, giving it a calm feel that's hard to find in condo living.The kitchen offers plenty of counter space, storage, a nice size island, a new fridge, and custom built cupboards handcrafted by a professional carpenter, adding both character and thoughtful functionality to the space. The den is a versatile space that works perfectly as a home office, reading nook, or extra room for overnight guests. The living room also features a custom wood feature wall that adds warmth and character throughout and gives the whole condo a really inviting vibe.What truly makes this building special is the sense of community. The concierge is genuinely friendly, management is helpful, and there's a warm "everybody knows your name" kind of feeling here. People look out for one another. It feels like home, not just another condo where you're a stranger passing through - a rare feeling in condo living and one that's hard to find.Includes 1 parking spot conveniently located on P2 with no long ramp drives, and 1 locker. Enjoy 24-hour concierge/security, rooftop party room, BBQs, gym, billiards room, theatre, EV charging stations, dog washing station, bike storage, and tons of visitor parking.Just a short 10-minute walk to Kipling Subway and GO Station with quick access to the Gardiner, 427, airport, and Sherway Gardens. The area continues to grow and develop, making this an incredible opportunity to get into one of Etobicoke's most connected communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13248072
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Kipling Ave./Dundas St. W.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $598/mo
- Exposure
- East
- Property tax
- $2,262 / 2025
- Days on market
- 42
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
laminate · window floor to ceiling · walk-out
closet · window floor to ceiling · broadloom
stainless steel appl · centre island · combined w/dining
laminate · b/i shelves · open concept
laminate · combined w/living · combined w/kitchen
Listed at $495,000, this home is about 9% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 38 similar homes nearby, adjusted for size, beds, and baths.Median of 38 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $500K, 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 $549K
- Adjusts to $549K
That comparable adjusts to $549K; the $543K estimate above is the median of all 38 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 (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. Dundas St West at Wilmar 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 $543K, median of 38 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.
- Elevator: rare and valuable for accessibility and resale.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Lifestyle
- Value driver
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 13% below the area average of $756/sqft.
On the market now.
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: Dundas St West at Wilmar Rd, about 66 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 $396,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,113
- Property tax
- $189
- Condo / maintenance fees
- $598
- Heating
- $0
- Estimated monthly cost
- $2,900
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,375
- Toronto municipal land transfer tax
- $6,375
- Estimated closing costs
- $12,750
Plus your down payment of $99,000. 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
- $126,792
- Principal paid down
- $50,431
- Interest paid
- $76,361
- Balance remaining
- $345,569
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 RE/MAX WEST REALTY INC.. MLS®/PropTx.