MLS® listing
117 Gerrard Street E 504: condo apartment for sale
$350,000
From the listing brokerage
Exceptional Downtown Toronto Condo Offering Outstanding Value, Space, and Convenience! This Bright, East-Facing 597 Sq.Ft. Bachelor Suite Features a Functional, Versatile Layout With A Separate Dining Area And Sun-Filled Solarium. An Excellent Opportunity For First-Time Buyers, Students, Professionals, Parents Purchasing For A Student, Or Investors Seeking A Downtown Toronto Condo In A Highly Walkable Location. Maintenance Fees Include Utilities, High-Speed Internet and Cable, Offering Excellent Value And Predictable Monthly Expenses. The Suite Features A Renovated Bathroom And Plenty Of Potential To Personalize. Ideally Located Steps From Toronto Metropolitan University (TMU), With The University of Toronto, Eaton Centre, The Village, Grocery Stores, Restaurants, Shopping, Transit, and Everyday Amenities Close By. This Quiet Well-Maintained Building Offers 24-Hour Concierge, Visitor Parking, A Rooftop Terrace With BBQ And Hot Tub. Plus A Private Dog Park. An Incredible Opportunity To Own A Spacious Bachelor Condo In The Heart of Downtown Toronto!
Facts on the listing
| Square feet | 500-599 |
|---|---|
| Style | Bachelor/Studio |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $700 |
| Property tax | $1,848 |
| Tax year | 2025 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | None |
| Balcony | None |
| Laundry | Ensuite |
| Interior features | None |
| View | City |
| Floor | 5 |
Listing courtesy of REMAX YOUR COMMUNITY REALTY. MLS® C13735648.
About this condo apartment
117 Gerrard Street E 504 is a 1 bedroom condo apartment in TRREB's Church-Yonge Corridor community in Toronto, listed for sale at $350,000. The listing shows 1 bathroom and 500-599 square feet. The style is given as bachelor/studio. The unit faces east. It comes with an underground garage according to the listing. The nearest main intersection given is Jarvis/Gerrard.
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.
What it costs to buy 117 Gerrard Street E 504
At the asking price of $350,000, 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 | $350,000 |
|---|---|
| Ontario land transfer tax | $3,725 |
| Toronto municipal land transfer tax | $3,725 |
| Both taxes | $7,450 |
| First-time buyer relief, if you qualify | up to $7,450 |
| Minimum down payment | $17,500 |
The down payment figure is the federal minimum: 5 percent of the price. 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 | $700 a month |
|---|---|
| Property tax (2025) | $1,848 a year, about $154 a month |
| Fee and tax together | about $854 a month |
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 $350,000, which is $200,000 below 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. Ask whether a space or a locker comes with the unit and whether one can be rented in the building.
- 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.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 117 Gerrard Street E 504
How much is land transfer tax on 117 Gerrard Street E 504?
At the asking price of $350,000 the Ontario tax is $3,725 and the Toronto tax is $3,725, $7,450 in total. A first-time buyer who qualifies can get up to $7,450 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 117 Gerrard Street E 504?
$17,500 at the asking price of $350,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 117 Gerrard Street E 504?
The listing shows $700 a month. Check the current fee in the status certificate.
How much is the property tax on 117 Gerrard Street E 504?
The listing shows $1,848 a year for 2025, about $154 a month.
Is 117 Gerrard Street E 504 priced above or below the median?
It is listed at $350,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $200,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 117 Gerrard Street E 504?
Use the form on this page or call us. Quote MLS® C13735648. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 117 Gerrard Street E 504 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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