505-2 Old Mill Drive, Toronto, ON
High Park-Swansea, Toronto · MLS® W13775206
About this home
In short
- Welcome to this Elegant Tridel-Built 1-Bedroom Suite in the Prestigious Old Mill Community.
- Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated...
- Includes 1 Parking Space and 1 Locker for Added Convenience.
- Ideally Located Just Steps to Old Mill Subway Station, Bloor West Village, the Humber River, Scenic Walking & Cycling Trails, Shops, Restaurants, and More.
Welcome to this Elegant Tridel-Built 1-Bedroom Suite in the Prestigious Old Mill Community! Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated Living Space. The Modern Kitchen Features Stainless Steel Appliances, Granite Countertops, Breakfast Bar, and Stylish Ceramic Tile Backsplash. The Well-Appointed Bathroom Showcases Premium Porcelain Tile, Marble Countertop, and Upscale Fixtures. Includes 1 Parking Space and 1 Locker for Added Convenience. Enjoy an Exceptional Building with an Impressive Selection of Amenities. Ideally Located Just Steps to Old Mill Subway Station, Bloor West Village, the Humber River, Scenic Walking & Cycling Trails, Shops, Restaurants, and More. Experience the Perfect Combination of Luxury, Convenience, and Nature in One of Toronto's Most Desirable Neighbourhoods! Property is virtually staged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13775206
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- Bloor/Old Mill
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $759/mo
- Exposure
- East
- Property tax
- $3,108 / 2026
- Days on market
- 38
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
breakfast bar · granite counters · ceramic backsplash
hardwood floor · large window · double closet
combined w/living · hardwood floor
hardwood floor · large window · w/o to balcony
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 readOn schools, this address is zoned for Humberside Collegiate Institute, 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.
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 $884/sqft; this home lists at $943/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
High Park-Swansea, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $414,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,291
- Property tax
- $259
- Condo / maintenance fees
- $759
- Heating
- $0
- Estimated monthly cost
- $3,309
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,835
- Toronto municipal land transfer tax
- $6,835
- Estimated closing costs
- $13,670
Plus your down payment of $103,600. 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
- $137,477
- Principal paid down
- $50,632
- Interest paid
- $86,845
- Balance remaining
- $363,768
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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.