117 Gerrard St E #404, Toronto

Name: 117 Gerrard Street E, Unit 404
SKU: C14099186
Price: 325000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Toronto

Unit 404 at 117 Gerrard Street East

More space, more light and a layout with options! This bright and spacious downtown suite offers plenty of room to live, work and entertain, with separate living and dining areas, a dedicated office space, updated kitchen and an abundance of natural light throughout. The bedroom remains a generous, defined sleeping area, while the former dividing wall has been removed to create a larger, more open feel and maximize the usable space. Prefer a little more separation? A virtually staged photo shows how easily a stylish divider could be incorporated while keeping the room bright and spacious. The maintenance fee includes all of your utilities, cable and high speed internet! The building is loaded with amenities, including an incredible rooftop terrace with panoramic city views and hot tub, fully equipped gym, games room, party room, sauna, visitor parking and 24 hour concierge/security. Right in the heart of downtown, with a walk score of 98/100, you're surrounded by everything that makes city living convenient: Toronto Metropolitan University, the Eaton Centre, hospitals, restaurants, groceries, transit and the subway are all close by. An excellent option for first time buyers, professionals, students, investors or anyone looking for a spacious downtown home with a layout that can adapt to how you actually want to live. *Some photos virtually staged.

1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $650 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 117 Gerrard St E #404

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
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: Apartment
Property class: Condo Apartment

117 Gerrard St E #404 Price & Sale History

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

Oct 20, 2026For saleListedThis listingMLS® C14099186$325,000

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

What's it worth?

How 117 Gerrard St E #404 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

Excellent Deal· based on 15,688 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: $845,000
Average sold price: $1,080,552
Average days on market: 32
Homes sold: 9,303

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$845,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,592Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.

Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 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 404 — 117 Gerrard Street E 1 bd · 1 ba · 500 sqft	$325,000asking	$650	—	—
5 Valhalla Inn Road 1 bd · 1 ba · 700 sqft
199 Richmond Street 1 bd · 1 ba · 500 sqft
23 Hollywood Avenue 2 bd · 2 ba · 1,000 sqft
88 Harbour Street 1 bd · 1 ba · 500 sqft
280 Simcoe Street 2 bd · 2 ba · 1,400 sqft
2A Church Street 2 bd · 2 ba · 700 sqft

5 Valhalla Inn Road
1 bd · 1 ba · 700 sqft
199 Richmond Street
1 bd · 1 ba · 500 sqft
23 Hollywood Avenue
2 bd · 2 ba · 1,000 sqft
88 Harbour Street
1 bd · 1 ba · 500 sqft
280 Simcoe Street
2 bd · 2 ba · 1,400 sqft
2A Church Street
2 bd · 2 ba · 700 sqft

More in this building

2 for sale · 1 for rent at 117 Gerrard St E — plus its sale and lease history.

See all of 117 Gerrard St E

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

College StationLine 1540 m7 min walk
TMU StationLine 1560 m7 min walk
Queen StationLine 1850 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

College Station (Line 1)7 min walk
TMU Station (Line 1)7 min walk
Queen Station (Line 1)11 min walk

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

College Station
540 m7 minClosest· Line 1
Homes near College Station
TMU Station
560 m7 min· Line 1
Homes near TMU Station
Queen Station
850 m11 min· Line 1
Homes near Queen 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 117 Gerrard St E #404. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 117 Gerrard St E #404

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

Mortgage: $1,597; 20% down · 25 years · 5.5% assumed
Property tax: $179; 0.66% mill rate · ON
Total per month: $1,776; 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

$1,597

/mo

based on the purchase price of $325,000

Down payment20%

$65,000 cash

Amortization25 yr

$260,000 financed

Rate5.50%

$218,988 total interest

Principal54%$260,000

Interest46%$218,988

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.

Book a tour of 117 Gerrard St E #404 with a licensed buyer's agent

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Questions About 117 Gerrard St E #404

How much is 117 Gerrard St E #404 listed for?

117 Gerrard St E #404 is listed at $325,000 (MLS® C14099186). Summitly updates the price as soon as the MLS® record changes.

Is $325,000 a good price for 117 Gerrard St E #404?

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 #404 changed?

No — 117 Gerrard St E #404 is still listed at its original asking price of $325,000.

How many bedrooms and bathrooms does 117 Gerrard St E #404 have?

117 Gerrard St E #404 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.

Is 117 Gerrard St E #404 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 #404?

About $1,597 a month — principal and interest on $325,000 with 20% down ($65,000), 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 #404 compare with other homes in Toronto?

Its asking price of $325,000 is about 62% below the median sold price in Toronto over the last 90 days, $845,000, across 9,303 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 #404 been sold before?

Summitly has no earlier MLS® sale or lease of 117 Gerrard St E #404 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 117 Gerrard St E #404?

117 Gerrard St E #404 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 117 Gerrard St E #404 been on the market?

2 days — 117 Gerrard St E #404 was listed on October 20, 2026.

What is the price per square foot of 117 Gerrard St E #404?

About $543 to $650 per square foot: the asking price of $325,000 over the 500–599 sq ft the listing gives as its size range.

Does 117 Gerrard St E #404 have parking or a garage?

Garage: Yes.

What you should know