MLS® listing
116 George Street N505: condo apartment for sale
$749,000
From the listing brokerage
Welcome to this beautifully updated 2-bedroom suite at the award-winning Vu Condominiums, offering modern comfort and an unbeatable downtown Toronto location. Bright and spacious, this inviting home features 10-foot ceilings, large windows, and a private walk-out balcony. Extensively renovated in 2022, the suite features a stylishly updated kitchen, new flooring, smooth ceilings with the popcorn removed, and refreshed bathroom finishes, including new floor and bathtub surround tiles. Custom-built closets throughout provide exceptional storage and organization. A standout feature is the larger-than-standard parking space, complete with a private EV charger dedicated exclusively to the space-a rare and valuable convenience for electric vehicle owners. Enjoy an impressive selection of building amenities, including 24-hour concierge service, a fully equipped fitness centre, and a rooftop terrace with BBQs and comfortable lounge areas. Perfectly positioned just steps from St. Lawrence Market, the Distillery District, George Brown College, TTC, hospitals, parks, restaurants, and the downtown core, with convenient access to major highways. Move-in ready and thoughtfully upgraded, this is downtown living at its finest-combining style, functionality, and an exceptional location.
Facts on the listing
| Square feet | 800-899 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $763 |
| Property tax | $3,530 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | Water Included, Common Elements Included, Building Insurance Included |
| Building amenities | Concierge, Visitor Parking, Gym, Rooftop Deck/Garden, Party Room/Meeting Room |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Interior features | Carpet Free |
| Features | Public Transit, Park |
| Floor | 5 |
Listing courtesy of RIGHT AT HOME REALTY. MLS® C13817354.
About this condo apartment
116 George Street N505 is a 2 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $749,000. The listing shows 1 bathroom and 800-899 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 Jarvis/Adelaide.
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: concierge, visitor parking, gym, rooftop deck/garden and party room/meeting room.
What it costs to buy 116 George Street N505
At the asking price of $749,000, 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 | $749,000 |
|---|---|
| Ontario land transfer tax | $11,455 |
| Toronto municipal land transfer tax | $11,455 |
| Both taxes | $22,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $49,900 |
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 | $763 a month |
|---|---|
| Property tax (2026) | $3,530 a year, about $294 a month |
| Fee and tax together | about $1,057 a month |
The listing says the maintenance fee includes water, common elements and building insurance. 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 $749,000, which is $199,000 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.
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
Similar homes for sale in Toronto
$569,999562 Eglinton Avenue E 401, Toronto, ON M4P 1P12 bedrooms · 2 bathrooms · Condo ApartmentListed by ROYAL LEPAGE TERREQUITY SEYMOUR REAL ESTATE. MLS® C13875004
$870,00033 Harbour Square 1420, Toronto, ON M5J 2G22 bedrooms · 2 bathrooms · Condo ApartmentListed by EXP REALTY. MLS® C13875358
$649,999205 Sherway Gardens Road 1010, Toronto, ON M9C 0A52 bedrooms · 2 bathrooms · Condo ApartmentListed by HOMELIFE/MIRACLE REALTY LTD. MLS® W13875386
$549,900700 Humberwood Boulevard 1027, Toronto, ON M9W 7J42 bedrooms · 2 bathrooms · Condo ApartmentListed by RE/MAX REALTY SERVICES INC.. MLS® W13875364
$689,90038 Dan Leckie Way 2908, Toronto, ON M5V 2V62 bedrooms · 1 bathroom · Condo ApartmentListed by RE/MAX REALTY SPECIALISTS INC.. MLS® C13875356
$399,000Home in Pleasant View2 bedrooms · 1 bathroom · Condo ApartmentListed by ROYAL LEPAGE SIGNATURE REALTY. MLS® C13859634
Questions about 116 George Street N505
How much is land transfer tax on 116 George Street N505?
At the asking price of $749,000 the Ontario tax is $11,455 and the Toronto tax is $11,455, $22,910 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 116 George Street N505?
$49,900 at the asking price of $749,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 116 George Street N505?
The listing shows $763 a month, including water, common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 116 George Street N505?
The listing shows $3,530 a year for 2026, about $294 a month.
Is 116 George Street N505 priced above or below the median?
It is listed at $749,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $199,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 116 George Street N505?
Use the form on this page or call us. Quote MLS® C13817354. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 116 George Street N505 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). 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. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.