MLS® listing
188 Eglinton Avenue E 508: condo apartment for sale
$699,000
From the listing brokerage
BUYER ALERT: SELLER WILL CONSIDER A REBATE ON CLOSING TO REDUCE THE EFFECTIVE MONTHLY MAINTENANCE FEE RATE!! THIS IS A GREAT BUILDING AND EVEN BETTER UNIT WITH EXCEPTIONAL VALUE. Welcome to the SOHO Lofts in the heart of Yonge and Eglinton. This highly energetic neighbourhood, commonly known as Mid-Town, perfectly blends doorstep convenience with an amazing neighbourhood vibe. Packed with diverse restaurants, an excellent shopping mix and supported by area parks and trails, this urban pocket is ideal in so many ways. Rarely available, this oversized 2-bedroom loft (915 sq ft) features a bright and open concept space with ultra high 11'ft ceilings, expansive wall-to-wall windows, and an abundance of natural light throughout. The thoughtfully designed interior includes a modern kitchen with stainless steel appliances, a generous primary bedroom, and a second bedroom or potential home office. Additional highlights include a 4-piece bathroom, ensuite laundry, one underground parking space (rental) and exceptional building amenities including an exercise room, party/meeting room, rooftop deck and garden, visitor parking, and sauna. Ideally situated in a well-connected Toronto neighbourhood, this suite is just steps from the TTC, shops, restaurants, and everything Yonge & Eglinton has to offer.
Facts on the listing
| Square feet | 900-999 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $1,218 |
| Property tax | $3,100 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | Common Elements Included, Building Insurance Included, Water Included |
| Building amenities | Bike Storage, Elevator, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking |
| Balcony | None |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Intercom, Separate Heating Controls, Ventilation System |
| Features | Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School |
| View | City |
| Floor | 5 |
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS® C13651818.
About this condo apartment
188 Eglinton Avenue E 508 is a 2 bedroom condo apartment in TRREB's Mount Pleasant West community in Toronto, listed for sale at $699,000. The listing shows 1 bathroom and 900-999 square feet. The style is given as apartment. The unit faces east. It comes with 1 parking space and an underground garage according to the listing. The nearest main intersection given is Yonge Street and Eglinton Avenue.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: bike storage, elevator, exercise room, party room/meeting room, rooftop deck/garden and visitor parking.
What it costs to buy 188 Eglinton Avenue E 508
At the asking price of $699,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $699,000 |
|---|---|
| Ontario land transfer tax | $10,455 |
| Toronto municipal land transfer tax | $10,455 |
| Both taxes | $20,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $44,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,218 a month |
|---|---|
| Property tax (2026) | $3,100 a year, about $258 a month |
| Fee and tax together | about $1,476 a month |
The listing says the maintenance fee includes common elements, building insurance and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $699,000, which is $149,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Yonge and Eglinton
The area around Eglinton station, where Line 1 meets Line 5 Eglinton. Condo apartments made up 128 of 166 sales in its two TRREB communities from April to June 2026, alongside a smaller market for houses.
Transit: Eglinton station (Line 1 and Line 5) and Davisville station (Line 1), plus Line 5 at Mount Pleasant, Avenue and Chaplin stations. TTC buses 97 Yonge, 74 Mount Pleasant and 34 Eglinton
| Property type | Median | Sales and average |
|---|---|---|
| Yonge-Eglinton, all property types | Median $1,450,000 | 35 sales, average $1,531,351 |
| Yonge-Eglinton, detached | About $2,200,000 | 15 sales, average about $2,449,000 |
| Yonge-Eglinton, semi-detached | About $1,655,000 | 3 sales, average about $1,628,000 |
| Yonge-Eglinton, condo apartment | About $533,000 | 14 sales, average about $530,000 |
| Mount Pleasant West, all property types | Median $630,000 | 131 sales, average $872,688 |
| Mount Pleasant West, condo apartment | About $603,000 | 114 sales, average about $690,000 |
| Mount Pleasant West, condo townhouse | About $718,000 | 3 sales, average about $679,000 |
| Mount Pleasant West, detached | About $2,585,000 | 9 sales, average about $2,491,000 |
| Mount Pleasant West, semi-detached | About $2,255,000 | 5 sales, average about $2,238,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Yonge and Eglinton
Is Yonge and Eglinton a good place to live?
It depends on your budget and transit needs. Eglinton station connects Line 1 and Line 5 Eglinton and the condo apartment median in Mount Pleasant West was about $603,000 across 114 sales from April to June 2026 (TRREB). The area also has City parks, a community centre and two public library branches.
How much is a condo at Yonge and Eglinton?
From April to June 2026 the condo apartment median was about $603,000 in Mount Pleasant West and about $533,000 in Yonge-Eglinton (TRREB). Size, floor and parking move individual prices well away from these figures.
What is the difference between Yonge-Eglinton and Mount Pleasant West?
They are separate TRREB communities. From April to June 2026, 114 of 131 sales in Mount Pleasant West were condo apartments, while Yonge-Eglinton had 15 detached sales out of 35. Their all property types medians were $630,000 and $1,450,000.
How many stops is Eglinton station from Union station?
On Line 1 it is 11 stops south from Eglinton station to Union station, with no transfer. From Davisville station it is 10 stops.
Is Line 5 Eglinton open?
Yes. The TTC began Line 5 service on February 8, 2026. In this area it stops at Eglinton, Mount Pleasant, Avenue and Chaplin stations.
Are there houses near Yonge and Eglinton?
Yes, on the side streets. TRREB recorded 24 detached and 8 semi-detached sales across the two communities from April to June 2026. Detached medians were about $2,200,000 in Yonge-Eglinton and about $2,585,000 in Mount Pleasant West.
Read the Yonge and Eglinton neighbourhood guide · All Yonge and Eglinton homes for sale
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Questions about 188 Eglinton Avenue E 508
How much is land transfer tax on 188 Eglinton Avenue E 508?
At the asking price of $699,000 the Ontario tax is $10,455 and the Toronto tax is $10,455, $20,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 188 Eglinton Avenue E 508?
$44,900 at the asking price of $699,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 188 Eglinton Avenue E 508?
The listing shows $1,218 a month, including common elements, building insurance and water. Check the current fee in the status certificate.
How much is the property tax on 188 Eglinton Avenue E 508?
The listing shows $3,100 a year for 2026, about $258 a month.
Is 188 Eglinton Avenue E 508 priced above or below the median?
It is listed at $699,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $149,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 188 Eglinton Avenue E 508?
Use the form on this page or call us. Quote MLS® C13651818. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 188 Eglinton Avenue E 508 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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