613 - 117 Gerrard Street E

Yonge Corridor, Toronto

613 - 117 Gerrard Street E, Yonge Corridor, Toronto

$499,000


Bedrooms: 1

Bathrooms: 1

Living Area: 700 sqft

Price Per Sqft: $712.86


About this Condo

in Yonge Corridor, Toronto

Welcome to Unit 613 at 117 Gerrard Street East, ideally located in Toronto's vibrant Church Street Corridor. This thoughtfully maintained 1+1 bedroom, 1-bathroom condo offers 700+ sqft of functional living space, presenting an excellent opportunity for first-time buyers seeking comfort, value, and a prime downtown location. The enclave kitchen overlooks a bright, open-concept living and dining area, filled with natural light and well suited for everyday living or entertaining. The primary bedroom features generous space for a full bedroom setup and storage, while the versatile den easily functions as a home office, nursery, or guest space. The unit is complete with a 4-piece bathroom, in-suite laundry, and one underground parking space. This well-managed, pet-friendly building features an impressive range of amenities, including a 360-degree rooftop terrace with garden patio, outdoor jacuzzi, and BBQs; a renovated state-of-the-art fitness centre; party/meeting room; games and billiards room; private his-and-hers saunas with showers; visitor parking; secured bike storage; and a private gated pet park. Lockers are available for economical rental. Security and peace of mind are standout features, with 24-hour concierge service, on-site security personnel, and a secured intercom system. Maintenance fees include all utilities, internet, and cable TV, offering exceptional value and predictable monthly costs. With an outstanding 96 walk, transit, and bike score, you're just minutes from Yonge-Dundas Square, the Eaton Centre, Church Street dining and nightlife, parks, campuses, and major hospitals. Ideal for first-time buyers, young professionals, students (TMU & UofT), and healthcare professionals (St. Mike's, Sick Kids and Mount Sinai). Less than a ten-minute walk to Yonge-Dundas Square, this home delivers a connected downtown lifestyle in one of Toronto's most dynamic neighbourhoods.

Listed by SAM MCDADI REAL ESTATE INC..


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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