120 Varna Dr #316 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $389,000. It has 0-499 sq ft of living space.
1Excellent layout featuring a separate, enclosed bedroom with a door and a rare, spacious south-facing terrace.
2Enjoy sunshine throughout the day, outdoor entertaining, or growing your own urban garden.
3A compelling opportunity to secure a sought-after combination of functional indoor space, generous outdoor living, and exceptional convenience at today's prices.
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1 Bed, 1 Bath Condo in Toronto
Unit 316 at 120 Varna Drive
Excellent layout featuring a separate, enclosed bedroom with a door and a rare, spacious south-facing terrace. Enjoy sunshine throughout the day, outdoor entertaining, or growing your own urban garden. A phenomenal location just steps from TTC, Yorkdale Mall, and major retailers, with convenient access to Highway 401. A compelling opportunity to secure a sought-after combination of functional indoor space, generous outdoor living, and exceptional convenience at today's prices. Tenanted until the end of December, with vacant possession available thereafter. ***The first four images are virtually staged.***
1 bedroom, 1 bathroom, 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 120 Varna Dr #316
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
0-499 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
120 Varna Dr #316 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
$1,911
/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.
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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 market32Homes sold in about 32 days on average.
Sale-to-list ratio5116.9%On average, homes sold at or above asking.
Active listings13,259Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 15 – Aug 13, 2026: prices down.
Based on 9,266 sales from Aug 13 – Nov 11, 2026 (7,225 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 · 8 for rent at 120 Varna Dr — plus its sale and lease history.
120 Varna Dr #316 is listed at $389,000 (MLS® C14170246). Summitly updates the price as soon as the MLS® record changes.
Has the price of 120 Varna Dr #316 changed?
No — 120 Varna Dr #316 is still listed at its original asking price of $389,000.
How many bedrooms and bathrooms does 120 Varna Dr #316 have?
120 Varna Dr #316 has 1 bedroom and 1 bathroom, with about 0–499 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 120 Varna Dr #316?
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 120 Varna Dr #316 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, $840,000, across 9,266 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 120 Varna Dr #316 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 120 Varna Dr #316 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 120 Varna Dr #316?
120 Varna Dr #316 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 120 Varna Dr #316 been on the market?
120 Varna Dr #316 was listed today (November 11, 2026).
What is the price per square foot of 120 Varna Dr #316?
About $780 per square foot: the asking price of $389,000 over the 0–499 sq ft the listing gives.
Does 120 Varna Dr #316 have parking or a garage?
Garage: Yes.
Does 120 Varna Dr #316 have a basement, and is it finished?
The listing says 120 Varna Dr #316 has no basement.
What is the land transfer tax on 120 Varna Dr #316?
About $8,620 at the asking price of $389,000: $4,310 Ontario land transfer tax plus $4,310 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
