MLS® listing
616 Avenue Road 401: condo apartment for sale
$1,489,000
From the listing brokerage
A Boutique Address. Room to Live Beautifully with an exceptional sense of light and space in an intimate 27 Unit building in prestigious Forest Hill. This light-filled two-bedroom, two-bathroom residence combines generous principal rooms, custom built-ins and a private balcony with the comfort and convenience of condominium living.The expansive living and dining areas provide plenty of room to entertain, gather with family and friends, or simply enjoy a little extra breathing room. Custom built-ins add character and functionality, while the well-proportioned layout creates a natural flow for everyday living. The large private kitchen has a rare window bringing an abundance of light into the space. Generous Terrace to enjoy an evening drink or morning coffee. Two spacious bedrooms offer flexibility for guests, a home office or a peaceful private retreat.Residents enjoy beautifully landscaped gardens including a backyard perfect for quiet reflection and entertaining guests, a fitness room, party room, visitor parking and on-site management. Two extra building fridge/freezers are great for those times when you are preparing for a large gathering. Enjoy the community atmosphere, with regular cocktail parties and building gatherings. This coveted address offers easy access to parks, transit and some of Midtown Toronto's most established neighbourhoods.Enjoy the rare combination of generous living space, boutique-building charm and a location that puts the best of Midtown within reach.
Facts on the listing
| Square feet | 1400-1599 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $1,642 |
| Property tax | $5,901 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | North East |
| Fee includes | Common Elements Included, Building Insurance Included, Water Included, CAC Included |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Interior features | Primary Bedroom - Main Floor |
| Floor | 5 |
Listing courtesy of KELLER WILLIAMS ADVANTAGE REALTY. MLS® C14095272.
About this condo apartment
616 Avenue Road 401 is a 2 bedroom condo apartment in TRREB's Casa Loma community in Toronto, listed for sale at $1,489,000. The listing shows 2 bathrooms and 1400-1599 square feet. The style is given as apartment. The unit faces north east. It comes with 2 parking spaces, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Avenue Rd/Longsdale/St Clair.
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 616 Avenue Road 401
At the asking price of $1,489,000, 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 | $1,489,000 |
|---|---|
| Ontario land transfer tax | $26,255 |
| Toronto municipal land transfer tax | $26,255 |
| Both taxes | $52,510 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $123,900 |
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 | $1,642 a month |
|---|---|
| Property tax (2026) | $5,901 a year, about $492 a month |
| Fee and tax together | about $2,133 a month |
The listing says the maintenance fee includes common elements, building insurance, water and cac. 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 $1,489,000, which is $939,000 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 2 parking spaces 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 616 Avenue Road 401
How much is land transfer tax on 616 Avenue Road 401?
At the asking price of $1,489,000 the Ontario tax is $26,255 and the Toronto tax is $26,255, $52,510 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 616 Avenue Road 401?
$123,900 at the asking price of $1,489,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 616 Avenue Road 401?
The listing shows $1,642 a month, including common elements, building insurance, water and cac. Check the current fee in the status certificate.
How much is the property tax on 616 Avenue Road 401?
The listing shows $5,901 a year for 2026, about $492 a month.
Is 616 Avenue Road 401 priced above or below the median?
It is listed at $1,489,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $939,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 616 Avenue Road 401?
Use the form on this page or call us. Quote MLS® C14095272. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 616 Avenue Road 401 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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