Exceptional Downtown Toronto Condo Offering Outstanding Value, Space, and Convenience! This Bright, East-Facing 597 Sq.Ft. Bachelor Suite Features a Functional, Versatile Layout With A Separate Dining Area And Sun-Filled Solarium. An Excellent Opportunity For First-Time Buyers, Students, Professionals, Parents Purchasing For A Student, Or Investors Seeking A Downtown Toronto Condo In A Highly Walkable Location. Maintenance Fees Include Utilities, High-Speed Internet and Cable, Offering Excellent Value And Predictable Monthly Expenses. The Suite Features A Renovated Bathroom And Plenty Of Potential To Personalize. Ideally Located Steps From Toronto Metropolitan University (TMU), With The University of Toronto, Eaton Centre, The Village, Grocery Stores, Restaurants, Shopping, Transit, and Everyday Amenities Close By. This Quiet Well-Maintained Building Offers 24-Hour Concierge, Visitor Parking, A Rooftop Terrace With BBQ And Hot Tub. Plus A Private Dog Park. An Incredible Opportunity To Own A Spacious Bachelor Condo In The Heart of Downtown Toronto!
works out to roughly $600 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 117 Gerrard St E #504
Every detail from the listing, in one place.
Type
Condo
Style
Bachelor/Studio
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bachelor/Studio
Property class
Condo Apartment
117 Gerrard St E #504 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$1,473
/mo
based on the purchase price of $299,900
$59,980 cash
$239,920 financed
$202,076 total interest
Principal54%$239,920
Interest46%$202,076
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.
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Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $300K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5121.8%On average, homes sold at or above asking.
Active listings13,087Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 7 – Aug 5, 2026: prices down.
Based on 9,257 sales from Aug 5 – Nov 3, 2026 (7,087 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
3 for sale · 1 for rent at 117 Gerrard St E — plus its sale and lease history.
117 Gerrard St E #504 is listed at $299,900 (MLS® C13735648). Summitly updates the price as soon as the MLS® record changes.
Is $299,900 a good price for 117 Gerrard St E #504?
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 117 Gerrard St E #504 changed?
Yes — it was first listed at $350,000 and is now $299,900, a drop of $50,100 (14.3%).
How many bedrooms and bathrooms does 117 Gerrard St E #504 have?
117 Gerrard St E #504 has 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 117 Gerrard St E #504 close to transit?
The nearest rapid-transit station is College Station (Line 1), about 540 m (about a 7-minute walk) in a straight line. TMU Station is about 560 m (about a 7-minute walk), and Queen Station is about 850 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 117 Gerrard St E #504?
About $1,473 a month — principal and interest on $299,900 with 20% down ($59,980), 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 117 Gerrard St E #504 compare with other homes in Toronto?
Its asking price of $299,900 is about 64% below the median sold price in Toronto over the last 90 days, $842,000, across 9,257 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 117 Gerrard St E #504 been sold before?
Summitly has no earlier MLS® sale or lease of 117 Gerrard St E #504 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 117 Gerrard St E #504?
117 Gerrard St E #504 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 117 Gerrard St E #504 been on the market?
62 days — 117 Gerrard St E #504 was listed on September 2, 2026.
What is the price per square foot of 117 Gerrard St E #504?
About $501 to $600 per square foot: the asking price of $299,900 over the 500–599 sq ft the listing gives as its size range.
Does 117 Gerrard St E #504 have parking or a garage?
