MLS® listing
400 Adelaide Street E 322: condo apartment for sale
$724,800
From the listing brokerage
Welcome to Ivory on Adelaide, ideally located in the heart of downtown Toronto. This bright and spacious 862 sq. ft. 2-bedroom, 2-bathroom suite features a highly functional split-bedroom layout offering excellent privacy and comfortable everyday living. The open-concept kitchen, dining and living area is perfect for both relaxing and entertaining, featuring stainless steel appliances and ample workspace. Floor-to-ceiling windows fill the suite with natural light, while two walkouts lead to a private balcony extending the living space outdoors. Residents enjoy a full selection of building amenities, including 24-hour concierge, a modern fitness centre, party room, guest suites, rooftop terrace and garden with BBQs, and visitor parking. Nestled in the St. Lawrence neighbourhood, you're just steps from George Brown College, St. Lawrence Market, the Distillery District, King Street transit and the Financial District, with convenient access to the DVP and Gardiner. An excellent downtown home offering space, functionality and convenience for professionals, couples or small families.
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 |
| Rooms | 5 |
| Maintenance fee | $714 |
| Property tax | $3,599 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South East |
| Fee includes | CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Concierge, Gym, Media Room, Rooftop Deck/Garden, Visitor Parking |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | None |
| Floor | 3 |
Listing courtesy of BAY STREET GROUP INC.. MLS® C13833398.
About this condo apartment
400 Adelaide Street E 322 is a 2 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $724,800. The listing shows 2 bathrooms and 800-899 square feet. The style is given as apartment. The unit faces south east. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Adelaide & Sherbourne.
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, gym, media room, rooftop deck/garden and visitor parking.
What it costs to buy 400 Adelaide Street E 322
At the asking price of $724,800, 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 | $724,800 |
|---|---|
| Ontario land transfer tax | $10,971 |
| Toronto municipal land transfer tax | $10,971 |
| Both taxes | $21,942 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $47,480 |
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 | $714 a month |
|---|---|
| Property tax (2026) | $3,599 a year, about $300 a month |
| Fee and tax together | about $1,014 a month |
The listing says the maintenance fee includes cac, common elements, heat, building insurance, parking 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 $724,800, which is $174,800 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 and a locker. 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. 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 400 Adelaide Street E 322
How much is land transfer tax on 400 Adelaide Street E 322?
At the asking price of $724,800 the Ontario tax is $10,971 and the Toronto tax is $10,971, $21,942 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 400 Adelaide Street E 322?
$47,480 at the asking price of $724,800, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 400 Adelaide Street E 322?
The listing shows $714 a month, including cac, common elements, heat, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 400 Adelaide Street E 322?
The listing shows $3,599 a year for 2026, about $300 a month.
Is 400 Adelaide Street E 322 priced above or below the median?
It is listed at $724,800. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $174,800 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 400 Adelaide Street E 322?
Use the form on this page or call us. Quote MLS® C13833398. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 400 Adelaide Street E 322 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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