MLS® listing
400 Adelaide Street E 512: condo apartment for sale
$574,900
From the listing brokerage
Most downtown one-bedrooms feel like narrow, single-exposure tunnels-Suite 512 is the rare exception. As a corner suite, it brings in dual exposures and cross-light throughout the day. The open living area anchors the northwest corner, wrapped in expansive windows with sliding glass doors opening to an oversized, tiled west-facing terrace made for golden-hour sun and outdoor dining. The kitchen offers real-life utility with full-sized stainless appliances, granite counters, and room to actually cook. Tucked away on the north side, the primary bedroom enjoys a quiet, private view through floor-to-ceiling windows and features a generous walk-in closet with built-in organizers. To top it off, you get rare downtown peace of mind with both an owned underground parking space and a dedicated storage locker. Ivory on Adelaide was built by Plaza with a reputation for solid construction and smart, livable floor plans. Daily life here is low-friction: a 24-hour concierge team to manage packages, a fully equipped fitness centre that cancels your gym commute, a stylish party room for hosting friends, and a rooftop terrace with BBQs when you want to grill with a skyline backdrop. Living on the east side offers a genuine neighbourhood feel you won't find in the concrete core. Saturday mornings start with fresh bread and produce at St. Lawrence Market; evenings are for dinner and craft drinks in the Distillery District or exploring King East's cafe scene. Commuting is effortless with King and Queen streetcars steps from the lobby, King Subway Station just one kilometre away, and the Financial District and George Brown within easy walking distance.
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Heat Pump |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 5 |
| Maintenance fee | $471 |
| Property tax | $2,835 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | West |
| Fee includes | Heat Included, Common Elements Included, Building Insurance Included, Water Included, Parking Included |
| Building amenities | Concierge, Gym, Party Room/Meeting Room, Visitor Parking |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Parking | Underground |
| Interior features | Carpet Free, Primary Bedroom - Main Floor |
| Features | Hospital, Park, Place Of Worship, Public Transit, School |
| View | City |
| Floor | 4 |
Listing courtesy of RARE REAL ESTATE. MLS® C14084000.
About this condo apartment
400 Adelaide Street E 512 is a 1 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $574,900. The listing shows 1 bathroom and 600-699 square feet. The style is given as apartment. The unit faces west. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Adelaide St E & Sherbourne 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.
Building amenities on the listing: concierge, gym, party room/meeting room and visitor parking.
What it costs to buy 400 Adelaide Street E 512
At the asking price of $574,900, 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 | $574,900 |
|---|---|
| Ontario land transfer tax | $7,973 |
| Toronto municipal land transfer tax | $7,973 |
| Both taxes | $15,946 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $32,490 |
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 | $471 a month |
|---|---|
| Property tax (2025) | $2,835 a year, about $236 a month |
| Fee and tax together | about $707 a month |
The listing says the maintenance fee includes heat, common elements, building insurance, water and parking. 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 $574,900, which is $24,900 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 512
How much is land transfer tax on 400 Adelaide Street E 512?
At the asking price of $574,900 the Ontario tax is $7,973 and the Toronto tax is $7,973, $15,946 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 512?
$32,490 at the asking price of $574,900, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 400 Adelaide Street E 512?
The listing shows $471 a month, including heat, common elements, building insurance, water and parking. Check the current fee in the status certificate.
How much is the property tax on 400 Adelaide Street E 512?
The listing shows $2,835 a year for 2025, about $236 a month.
Is 400 Adelaide Street E 512 priced above or below the median?
It is listed at $574,900. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $24,900 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 400 Adelaide Street E 512?
Use the form on this page or call us. Quote MLS® C14084000. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 400 Adelaide Street E 512 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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