
Welcome to this remarkable Multi-Level condo apartment located in the coveted neighborhood of Bay Street Corridor. Expertly crafted featuring premium concrete and stone construction, this residence presents an exceptional opportunity offered at $489,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Welcome to this bright and spacious 608 sq. ft. southeast corner suite in the heart of downtown Toronto. This move-in-ready unit has been thoughtfully updated with a new kitchen with stainless steel appliances, modern cabinetry, quartz countertops and backsplash. The unit has quality laminate flooring, closet built-ins, and fresh paint throughout. The suite also includes one parking space and one storage locker for added convenience. Enjoy the peace of mind that comes with a maintenance fee covering all utilities, offering predictable monthly expenses for both first-time homebuyers and investors. Ideally located in a highly walkable neighbourhood, you're just a short walk from the Hospital District, Toronto Metropolitan University (TMU), the University of Toronto (U of T), grocery stores, TTC subway stations, restaurants, cafés, shopping, and entertainment. Residents enjoy exceptional building amenities, including a 24-hour concierge, indoor swimming pool, fully equipped fitness centre, sauna, guest suite, parking, and an outdoor terrace providing comfort, convenience, and an outstanding downtown lifestyle.
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This condo apartment located at 38 Elm Street, Toronto is currently for sale and has been available on SousaSells for 23 days. This property is listed at $489,000 with an estimated mortgage of $1,628* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 38 Elm Street, Toronto is in the Bay Street Corridor neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Bay Street Corridor, Toronto.
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
None listed
The current listing price for 38 Elm Street, Unit 10, Toronto, ON in Bay Street Corridor, Toronto is $489,000.
This property features 1 bedroom and 1 bathroom across approximately 600-699 sqft.
38 Elm Street, Unit 10, Toronto, ON is a Condo Apartment (Multi-Level) featuring a None basement.
Key property features include: Hospital, Library, Other.
Interior highlights include: Carpet Free, Separate Heating Controls, Storage Area Lockers, Ventilation System.
Security features include: Concierge/Security, Smoke Detector.
Yes, this property offers parking space for 1.0 vehicle (Underground).
Heating is provided via Electric and cooling via Central Air.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 38 Elm Street 410, Toronto, ON M5G 2K5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $489,000 in Toronto, the legal minimum down payment is $24,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,255 also applies, bringing the total estimated land transfer taxes to $12,510.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.