The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Welcome to Unit 706 at the iconic Ivory on Adelaide condo, a rare 983 sqft. corner suite offering exceptional space, natural light, and an outstanding downtown location. This bright and spacious 2-bedroom corner unit sits at the heart of Old Toronto. With desirable south and west exposures, the suite is filled with sunlight throughout the day. The thoughtfully designed layout features two spacious bedrooms and two full bathrooms. The primary bedroom offers a generous walk-in closet and private ensuite bathroom with bathtub, while the second bedroom currently configured as a home office comfortably accommodates a queen-sized bed. The open-concept living and dining areas offer generous proportions for both everyday living and entertaining. The kitchen features a large center island and newer appliances, while a private balcony provides additional outdoor space. In-suite laundry and a dedicated storage room add further convenience. Residents enjoy a comprehensive range of building amenities including a large outdoor terrace with BBQ and lounge areas, fitness facility, 24-hour concierge, party room, executive lounge, and guest suite. The unit also includes parking with an upgraded dedicated bike rack and a separate locker. Ideally situated in Old Toronto, the property is within a 10-minute walk of both St. Lawrence Market and the Distillery District, with restaurants, cafés, shops, and historic landmarks throughout the surrounding neighborhood. TTC access is just steps away, with convenient connections to the Financial District and easy DVP access, making it an ideal choice for professionals and families alike. With its rare 983 sqft. space, corner positioning, exceptional natural light, and unbeatable location, Unit 706 offers a distinctive opportunity to enjoy spacious downtown living in one of Toronto's most established neighborhoods.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,336/mo
Mortgage (principal + interest)$3,199
Property taxFrom listing: $4,029/yr$336
Condo feesFrom listing$802
Minimum $60,500 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$171,000
Ontario land transfer taxProvincial brackets, no first-time refund$13,575
Toronto land transfer taxMunicipal brackets, no first-time refund$13,575
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$200,950
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
