512-30 Old Mill Road, Toronto, ON
Kingsway South, Toronto · MLS® W14033884
About this home
In short
- Welcome to Riverhouse at the Old Mill.
- This exquisite 2 bedroom, 2 bathroom, 1200sf south facing suite offers an ideal balance of classic elegance and modern convenience.
- Gourmet open concept kitchen features sleek granite countertops, breakfast bar and premium appliances- perfect for everyday meals and entertaining.
- The 6 piece spa ensuite boasts his and her vanities and a private water closet.
- Steps to Old Mill subway, walkable to Kingsway & Bloor West Village shops/dining, with easy access to downtown and airports.
Welcome to Riverhouse at the Old Mill. This exquisite 2 bedroom, 2 bathroom, 1200sf south facing suite offers an ideal balance of classic elegance and modern convenience. High-end finishes abound including dark wood floors, crown molding and premium stone accents throughout. Gourmet open concept kitchen features sleek granite countertops, breakfast bar and premium appliances- perfect for everyday meals and entertaining. The sun filled living and dining area is flooded with bright southern light and centered around a warm gas fireplace flanked by custom built-ins. Enjoy seamless light control with automated window shades. Primary suite is a serene sanctuary and features a walk in closet, two double closets and automated blackout blinds. The 6 piece spa ensuite boasts his and her vanities and a private water closet. The versatile second bedroom offers direct walk-out access to your private south facing balcony, double closet and manual blackout blinds. Thoughtful upgrades include organization in all closets by California Closets. Large welcoming foyer with spacious double closet. Extras include dedicated parking space and storage locker. Steps to Old Mill subway, walkable to Kingsway & Bloor West Village shops/dining, with easy access to downtown and airports.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W14033884
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399 sq ft
- Cross streets
- Old Mill Rd/Bloor St W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,327/mo
- Exposure
- South
- Property tax
- $7,589 / 2026
- Days on market
- 5
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Rooms
wood · 5 pc ensuite · walk-in closet(s)
wood · double closet · w/o to balcony
wood · combined w/living · crown moulding
wood · granite counters · centre island
wood · gas fireplace · crown moulding
tile floor · double closet · crown moulding
Listed at $1,299,000. Going by how homes in Kingsway South and the wider GTA have actually closed against their asking prices (about 98%, 5 local closings in 90 days), the likely sale price is near $1.27M, if it sells. A realistic range is $1.20M to $1.37M.
Independent value check: $1.41M. Without looking at the asking price, our model values the home itself about 8% above the ask (homes like it typically land between $1.31M and $1.48M).
Why $1.41M. The typical condo sold in Kingsway South over the past year went for about $1.00M (27 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $7,589 a year; the typical home sold here pays about $4,800.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers itIts maintenance fee is $1,327 a month; the typical unit sold here pays about $1,460.
Total price vs nearby homes. Likely closing about $1.27M, from 5 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 5 condo apartment homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,000/sqft against an area asking average of $1,051/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.43M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Etobicoke 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.
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($1,000/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Kingsway South, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Kingsway South over the past two years, from 50 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $1.41M, which is where my estimate comes from.
Per square foot, these ask about $1,007/sqft; this home lists at $1,000/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & location
Kingsway South, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 $1,039,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,746
- Property tax
- $632
- Condo / maintenance fees
- $1,327
- Heating
- $0
- Estimated monthly cost
- $7,705
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,455
- Toronto municipal land transfer tax
- $22,455
- Estimated closing costs
- $44,910
Plus your down payment of $259,800. 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
- $344,755
- Principal paid down
- $126,971
- Interest paid
- $217,784
- Balance remaining
- $912,229
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 numbersThe last 30 whole-home leases in Kingsway South signed at a median of $4,060 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,530. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS®/PropTx.