MLS® listing
720 Spadina Avenue 1004: co-ownership apartment for sale
$240,000
From the listing brokerage
Exceptional location in the heart of "C01 - University". Renovated in 2023, this bright, south-facing bachelor unit awaits your design ideals to make it home. Wall-to-wall south-facing windows ensures generous natural light all year round. The south-facing balcony has over 100 square feet of outdoor space to enjoy sunny days and breathtaking night time city skyline views. Steps to Bloor Street TTC, Hospitals, Metro Supermarket, Miles Nadal JCC Community Centre and abundant shops and restaurants. 10 minutes to to the centre of the University of Toronto campus: Parents, this is a perfect space for your undergraduates.Rental Parking available at $150/month. Shared laundry directly across from Unit paid by renewable card. NOTE: Financing can be obtained through Parama Credit Union.
Facts on the listing
| Square feet | 0-499 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Fan Coil |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $724 |
| Property tax | |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Condo Taxes Included |
| Balcony | Open |
| Laundry | Shared, Laundry Room |
| Interior features | Carpet Free |
| View | Skyline |
| Floor | 10 |
Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® C13846184.
About this co-ownership apartment
720 Spadina Avenue 1004 is a co-ownership apartment in TRREB's University community in Toronto, listed for sale at $240,000. The listing shows 1 bathroom and 0-499 square feet. The style is given as apartment. The unit faces south. It comes with 1 parking space and an underground garage according to the listing. The nearest main intersection given is Spadina Ave South of Bloor St.
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 720 Spadina Avenue 1004
At the asking price of $240,000, 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 | $240,000 |
|---|---|
| Ontario land transfer tax | $2,125 |
| Toronto municipal land transfer tax | $2,125 |
| Both taxes | $4,250 |
| First-time buyer relief, if you qualify | up to $4,250 |
| Minimum down payment | $12,000 |
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 | $724 a month |
|---|
The listing says the maintenance fee includes heat, hydro, water, cac, common elements, building insurance and condo taxes. 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.
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
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Questions about 720 Spadina Avenue 1004
How much is land transfer tax on 720 Spadina Avenue 1004?
At the asking price of $240,000 the Ontario tax is $2,125 and the Toronto tax is $2,125, $4,250 in total. A first-time buyer who qualifies can get up to $4,250 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 720 Spadina Avenue 1004?
$12,000 at the asking price of $240,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 720 Spadina Avenue 1004?
The listing shows $724 a month, including heat, hydro, water, cac, common elements, building insurance and condo taxes. Check the current fee in the status certificate.
How do I book a showing for 720 Spadina Avenue 1004?
Use the form on this page or call us. Quote MLS® C13846184. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 720 Spadina Avenue 1004 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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