2 Old Mill Dr #505 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $518,000. It has 500-599 sq ft of living space.
1Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated Living Space.
2The Modern Kitchen Features Stainless Steel Appliances, Granite Countertops, Breakfast Bar, and Stylish Ceramic Tile Backsplash.
3Includes 1 Parking Space and 1 Locker for Added Convenience.
Welcome to this Elegant Tridel-Built 1-Bedroom Suite in the Prestigious Old Mill Community! Featuring 9-Ft Ceilings, Floor-to-Ceiling Windows, and Quality Finishes Throughout, This Bright and Well-Designed Residence Offers a Comfortable and Sophisticated Living Space. The Modern Kitchen Features Stainless Steel Appliances, Granite Countertops, Breakfast Bar, and Stylish Ceramic Tile Backsplash. The Well-Appointed Bathroom Showcases Premium Porcelain Tile, Marble Countertop, and Upscale Fixtures. Includes 1 Parking Space and 1 Locker for Added Convenience. Enjoy an Exceptional Building with an Impressive Selection of Amenities. Ideally Located Just Steps to Old Mill Subway Station, Bloor West Village, the Humber River, Scenic Walking & Cycling Trails, Shops, Restaurants, and More. Experience the Perfect Combination of Luxury, Convenience, and Nature in One of Toronto's Most Desirable Neighbourhoods! Property is virtually staged.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $1,036 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 2 Old Mill Dr #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
2 Old Mill Dr #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® W13775206$518,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2 Old Mill Dr #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
$2,545
/mo
based on the purchase price of $518,000
$103,600 cash
$414,400 financed
$349,034 total interest
Principal54%$414,400
Interest46%$349,034
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 $518K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5042.3%On average, homes sold at or above asking.
Active listings12,308Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 6 – Aug 4, 2026: prices up.
Based on 9,406 sales from Aug 4 – Nov 2, 2026 (7,002 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
4 for sale · 1 for rent at 2 Old Mill Dr — plus its sale and lease history.
2 Old Mill Dr #505 is listed at $518,000 (MLS® W13775206). Summitly updates the price as soon as the MLS® record changes.
Is $518,000 a good price for 2 Old Mill Dr #505?
Summitly rates it Above Market: the asking price is 5% to 15% 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 2 Old Mill Dr #505 changed?
No — 2 Old Mill Dr #505 is still listed at its original asking price of $518,000.
How many bedrooms and bathrooms does 2 Old Mill Dr #505 have?
2 Old Mill Dr #505 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 2 Old Mill Dr #505 close to transit?
The nearest rapid-transit station is Jane Station (Line 2), about 350 m (about a 4-minute walk) in a straight line. Old Mill Station is about 590 m (about a 7-minute walk), and Runnymede Station is about 1.0 km (about a 13-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 2 Old Mill Dr #505?
About $2,545 a month — principal and interest on $518,000 with 20% down ($103,600), 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 2 Old Mill Dr #505 compare with other homes in Toronto?
Its asking price of $518,000 is about 39% below the median sold price in Toronto over the last 90 days, $845,000, across 9,406 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 2 Old Mill Dr #505 been sold before?
Summitly has no earlier MLS® sale or lease of 2 Old Mill Dr #505 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2 Old Mill Dr #505?
2 Old Mill Dr #505 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2 Old Mill Dr #505 been on the market?
52 days — 2 Old Mill Dr #505 was listed on September 11, 2026.
What is the price per square foot of 2 Old Mill Dr #505?
About $865 to $1,036 per square foot: the asking price of $518,000 over the 500–599 sq ft the listing gives as its size range.
Does 2 Old Mill Dr #505 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
