MLS® listing
557 The East Mall 502: co-op apartment for sale
$449,800
From the listing brokerage
One of the Lowest-Cost Properties to Own in Toronto! The total monthly cost of maintaining this large, completely renovated 2-bedroom co-op apartment is only $628, including all utilities and property taxes. This is arguably one of the lowest monthly ownership costs you will find in Toronto. This spacious and beautifully renovated co-op apartment offers an excellent combination of size, comfort and value. It features two large bedrooms, a beautiful updated kitchen, spacious living and dining areas, and a large balcony perfect for relaxing or entertaining. One covered carport parking space is included. The location is excellent, with easy access to Highway 427, major roads, public transit, shopping, restaurants, parks and everyday amenities. Everything you need is close by, while the surrounding area offers plenty of green space and a convenient Etobicoke lifestyle .This is a rare opportunity to own a large, fully renovated 2-bedroom co-op apartment with parking and a large balcony, while keeping monthly carrying costs exceptionally low. Only $628/month including all utilities and property taxes - an exceptional value in Toronto!
Facts on the listing
| Square feet | 900-999 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Carport |
| Heating | Other |
| Cooling | Window Unit(s) |
| Kitchens | 1 |
| Maintenance fee | $628 |
| Property tax | |
| Tax year | 2026 |
| Locker | Ensuite |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Heat Included, Water Included, Hydro Included, Common Elements Included, Building Insurance Included, Parking Included, Condo Taxes Included |
| Balcony | Open |
| Laundry | Coin Operated |
| Interior features | Carpet Free |
| Floor | 5 |
Listing courtesy of GOWEST REALTY LTD.. MLS® W13838060.
About this co-op apartment
557 The East Mall 502 is a 2 bedroom co-op apartment in TRREB's Islington-City Centre West community in Toronto, listed for sale at $449,800. The listing shows 1 bathroom and 900-999 square feet. The style is given as apartment. The unit faces south west. It comes with 1 parking space, a carport garage and a locker (ensuite) according to the listing. The nearest main intersection given is Rathburn Rd.
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 557 The East Mall 502
At the asking price of $449,800, 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 | $449,800 |
|---|---|
| Ontario land transfer tax | $5,471 |
| Toronto municipal land transfer tax | $5,471 |
| Both taxes | $10,942 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $22,490 |
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 | $628 a month |
|---|
The listing says the maintenance fee includes heat, water, hydro, common elements, building insurance, parking 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 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.
About Islington Village
Detached houses around Dundas Street West and a large condo area near Islington and Kipling stations, at the western end of Line 2. TRREB reports both in one community, so its figures mix the two.
Transit: Line 2 Bloor Danforth at Islington and Kipling stations; Kipling GO station connected to Kipling station; 37 Islington, 110 Islington South, 111 East Mall and 49 Bloor West buses
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $594,500 | 170 sales, average $859,205 |
| Detached | About $1,301,000 | 43 sales, average about $1,592,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,170,000 | 10 sales, average about $1,198,000 |
| Condo townhouse | About $813,000 | 6 sales, average about $778,000 |
| Condo apartment | About $518,000 | 109 sales, average about $540,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Islington Village
Is Islington Village a good place to live?
On housing and transit it offers two very different price points on one subway line. From April to June 2026 condo apartments sold at a median of about $518,000 and detached houses at about $1,301,000, with Islington and Kipling stations on Line 2 and Kipling GO next to Kipling station (TRREB, TTC).
Why is the median price in Islington Village so low?
TRREB's Islington-City Centre West community includes the Etobicoke City Centre condo area. 109 of the 170 sales from April to June 2026 were condo apartments, which pulls the all property types median down to $594,500.
How much is a detached house in Islington Village?
From April to June 2026 the detached median was about $1,301,000 across 43 sales, with an average of about $1,592,000 (TRREB). These are chart readings, so treat them as approximate.
How many subway stops is Islington from Union station?
From Islington station it is 14 stops east on Line 2 to St George, then 6 stops south on Line 1 to Union, 20 stops in all (TTC map). Kipling station also connects to Kipling GO station.
Is Islington Village a heritage conservation district?
The City of Toronto's list of heritage conservation districts does not include one here. Montgomery's Inn at 4709 Dundas Street West is a City facility and individual properties can still carry heritage listings, so check the exact address.
Is there a GO station in Islington Village?
Yes. Kipling GO station, at 27 St. Albans Road, connects to Kipling station on Line 2 (TTC). Compare the GO and subway trips for your own schedule.
Read the Islington Village neighbourhood guide · All Islington Village homes for sale
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Questions about 557 The East Mall 502
How much is land transfer tax on 557 The East Mall 502?
At the asking price of $449,800 the Ontario tax is $5,471 and the Toronto tax is $5,471, $10,942 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 557 The East Mall 502?
$22,490 at the asking price of $449,800, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 557 The East Mall 502?
The listing shows $628 a month, including heat, water, hydro, common elements, building insurance, parking and condo taxes. Check the current fee in the status certificate.
How do I book a showing for 557 The East Mall 502?
Use the form on this page or call us. Quote MLS® W13838060. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 557 The East Mall 502 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.
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