1 Neighbourhood Lane #505 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $389,000. It has 500-599 sq ft of living space.
1Lowest price ever- priced for action.
2This exceptional and boutique "Backyard Condos" building is just steps from the scenic Humber Trail, with trendy shops, restaurants, TTC and highway access - downtown only minutes away.
Lowest price ever- priced for action. This exceptional and boutique "Backyard Condos" building is just steps from the scenic Humber Trail, with trendy shops, restaurants, TTC and highway access - downtown only minutes away. The open concept suite with a stunning west facing exposure, boasting 9' ceilings - take advantage and enjoy the building's exceptional and state of the art facilities/amenities with it's splendid rooftop terrace with fire pit, concierge service and guest suites and much, much more!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $778 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 1 Neighbourhood Lane #505
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
1 Neighbourhood Lane #505 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13714222$389,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1 Neighbourhood Lane #505 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,911
/mo
based on the purchase price of $389,000
$77,800 cash
$311,200 financed
$262,112 total interest
Principal54%$311,200
Interest46%$262,112
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $389K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4931.9%On average, homes sold at or above asking.
Active listings12,163Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 9,621 sales from Jul 27 – Oct 25, 2026 (6,856 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale · 1 for rent at 1 Neighbourhood Lane — plus its sale and lease history.
1 Neighbourhood Lane #505 is listed at $389,000 (MLS® W13714222). Summitly updates the price as soon as the MLS® record changes.
Is $389,000 a good price for 1 Neighbourhood Lane #505?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1 Neighbourhood Lane #505 changed?
No — 1 Neighbourhood Lane #505 is still listed at its original asking price of $389,000.
How many bedrooms and bathrooms does 1 Neighbourhood Lane #505 have?
1 Neighbourhood Lane #505 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 1 Neighbourhood Lane #505 close to transit?
The nearest rapid-transit station is Jane Station (Line 2), about 1.4 km (about a 17-minute walk) in a straight line. Old Mill Station is about 1.4 km (about a 18-minute walk), and Runnymede Station is about 1.8 km (about a 23-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 1 Neighbourhood Lane #505?
About $1,911 a month — principal and interest on $389,000 with 20% down ($77,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1 Neighbourhood Lane #505 compare with other homes in Toronto?
Its asking price of $389,000 is about 54% below the median sold price in Toronto over the last 90 days, $845,000, across 9,621 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1 Neighbourhood Lane #505 been sold before?
Summitly has no earlier MLS® sale or lease of 1 Neighbourhood Lane #505 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1 Neighbourhood Lane #505?
1 Neighbourhood Lane #505 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1 Neighbourhood Lane #505 been on the market?
60 days — 1 Neighbourhood Lane #505 was listed on August 26, 2026.
What is the price per square foot of 1 Neighbourhood Lane #505?
About $649 to $778 per square foot: the asking price of $389,000 over the 500–599 sq ft the listing gives as its size range.
Does 1 Neighbourhood Lane #505 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
