116 George St #N505, Toronto

Name: 116 George Street, Unit N505
SKU: C13817354
Price: 749000 CAD
Availability: InStock

2 Bed, 1 Bath Condo in Toronto

Unit N505 at 116 George Street

Welcome to this beautifully updated 2-bedroom suite at the award-winning Vu Condominiums, offering modern comfort and an unbeatable downtown Toronto location. Bright and spacious, this inviting home features 10-foot ceilings, large windows, and a private walk-out balcony. Extensively renovated in 2022, the suite features a stylishly updated kitchen, new flooring, smooth ceilings with the popcorn removed, and refreshed bathroom finishes, including new floor and bathtub surround tiles. Custom-built closets throughout provide exceptional storage and organization. A standout feature is the larger-than-standard parking space, complete with a private EV charger dedicated exclusively to the space-a rare and valuable convenience for electric vehicle owners. Enjoy an impressive selection of building amenities, including 24-hour concierge service, a fully equipped fitness centre, and a rooftop terrace with BBQs and comfortable lounge areas. Perfectly positioned just steps from St. Lawrence Market, the Distillery District, George Brown College, TTC, hospitals, parks, restaurants, and the downtown core, with convenient access to major highways. Move-in ready and thoughtfully upgraded, this is downtown living at its finest-combining style, functionality, and an exceptional location.

2 bedrooms, 1 bathroom, about 800 sq ft, works out to roughly $936 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 116 George St #N505

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 800-899 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

116 George St #N505 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Sep 23, 2026For saleListedThis listingMLS® C13817354$749,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 116 George St #N505 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Fair Price· based on 16,043 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $840,000
Average sold price: $1,084,334
Average days on market: 32
Homes sold: 9,206

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$840,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5149.6%On average, homes sold at or above asking.
Active listings12,616Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 14 – Aug 12, 2026: prices down.

Based on 9,206 sales from Aug 12 – Nov 10, 2026 (7,279 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit N505 — 116 George Street 2 bd · 1 ba · 800 sqft	$749,000asking	$936	—	—
15 Viking Lane 1 bd · 1 ba · 600 sqft
180 University Avenue 2 bd · 2 ba · 1,600 sqft
35 Hollywood Avenue 2 bd · 2 ba · 1,000 sqft
403 Church Street 2 bd · 2 ba · 700 sqft
50 Charles Street 2 bd · 1 ba · 600 sqft
150 Sudbury Street 1 bd · 1 ba · 600 sqft

15 Viking Lane
1 bd · 1 ba · 600 sqft
180 University Avenue
2 bd · 2 ba · 1,600 sqft
35 Hollywood Avenue
2 bd · 2 ba · 1,000 sqft
403 Church Street
2 bd · 2 ba · 700 sqft
50 Charles Street
2 bd · 1 ba · 600 sqft
150 Sudbury Street
1 bd · 1 ba · 600 sqft

More in this building

3 for sale · 2 for rent at 116 George St — plus its sale and lease history.

See all of 116 George St

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

King StationLine 1610 m8 min walk
Queen StationLine 1620 m8 min walk
TMU StationLine 1880 m11 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

King Station (Line 1)8 min walk
Queen Station (Line 1)8 min walk
TMU Station (Line 1)11 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

King Station
610 m8 minClosest· Line 1
Homes near King Station
Queen Station
620 m8 min· Line 1
Homes near Queen Station
TMU Station
880 m11 min· Line 1
Homes near TMU Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 116 George St #N505. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 116 George St #N505

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,680; 20% down · 25 years · 5.5% assumed
Property tax: $412; 0.66% mill rate · ON
Total per month: $4,092; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,680

/mo

based on the purchase price of $749,000

Down payment20%

$149,800 cash

Amortization25 yr

$599,200 financed

Rate5.50%

$504,684 total interest

Principal54%$599,200

Interest46%$504,684

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

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.

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Questions About 116 George St #N505

How much is 116 George St #N505 listed for?

116 George St #N505 is listed at $749,000 (MLS® C13817354). Summitly updates the price as soon as the MLS® record changes.

Is $749,000 a good price for 116 George St #N505?

Summitly rates it Fair Price: the asking price is Within 3% below to 5% above 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 116 George St #N505 changed?

No — 116 George St #N505 is still listed at its original asking price of $749,000.

How many bedrooms and bathrooms does 116 George St #N505 have?

116 George St #N505 has 2 bedrooms and 1 bathroom, with about 800–899 square feet of living space. It is a condo in Toronto.

Is 116 George St #N505 close to transit?

The nearest rapid-transit station is King Station (Line 1), about 610 m (about a 8-minute walk) in a straight line. Queen Station is about 620 m (about a 8-minute walk), and TMU Station is about 880 m (about a 11-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 116 George St #N505?

About $3,680 a month — principal and interest on $749,000 with 20% down ($149,800), 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 116 George St #N505 compare with other homes in Toronto?

Its asking price of $749,000 is about 11% below the median sold price in Toronto over the last 90 days, $840,000, across 9,206 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 116 George St #N505 been sold before?

Summitly has no earlier MLS® sale or lease of 116 George St #N505 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 116 George St #N505?

116 George St #N505 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 116 George St #N505 been on the market?

48 days — 116 George St #N505 was listed on September 23, 2026.

What is the price per square foot of 116 George St #N505?

About $833 to $936 per square foot: the asking price of $749,000 over the 800–899 sq ft the listing gives as its size range.

Does 116 George St #N505 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know