228 St. George St #5 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $498,000. It has 500-599 sq ft of living space.
1A rare opportunity to own a piece of old Toronto in the heart of the Annex.
2Original wood detailing, trim, windows, a bay window and soaring 9' ceilings give the space a warmth and personality you simply won't find in a typical condo.
3The southeast exposure fills the home with natural light throughout the day, while the thoughtfully updated kitchen offers ample cabinetry and full-sized appliances.
A rare opportunity to own a piece of old Toronto in the heart of the Annex. Tucked inside a converted historic mansion, this charming 1-bedroom offers the character of a century home with the convenience of condo living. Original wood detailing, trim, windows, a bay window and soaring 9' ceilings give the space a warmth and personality you simply won't find in a typical condo. The southeast exposure fills the home with natural light throughout the day, while the thoughtfully updated kitchen offers ample cabinetry and full-sized appliances. The bedroom features generous windows and a walk-in closet, with ensuite laundry and a coat closet adding everyday practicality. A brand-new HVAC heat pump has also just been installed. Set on one of the Annex's most sought-after streets, you're approximately 500m from St. George Station and within easy walking distance of U of T, the ROM, Yorkville, Bloor Street, Dupont's restaurants and cafes, shops and countless everyday conveniences. Leave the car behind and enjoy one of Toronto's most connected neighbourhoods. A unique home for someone who values character, location and a sense of history over cookie-cutter condo living. A rare find in a truly unbeatable location.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $996 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 228 St. George St #5
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
228 St. George St #5 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14032806$498,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 228 St. George St #5 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
$2,447
/mo
based on the purchase price of $498,000
$99,600 cash
$398,400 financed
$335,557 total interest
Principal54%$398,400
Interest46%$335,557
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.
For homeowners nearby
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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 $498K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4977.1%On average, homes sold at or above asking.
Active listings12,730Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 9,532 sales from Jul 16 – Oct 14, 2026 (6,655 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
1 for sale at 228 St. George St — plus its sale and lease history.
228 St. George St #5 is listed at $498,000 (MLS® C14032806). Summitly updates the price as soon as the MLS® record changes.
Is $498,000 a good price for 228 St. George St #5?
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 228 St. George St #5 changed?
No — 228 St. George St #5 is still listed at its original asking price of $498,000.
How many bedrooms and bathrooms does 228 St. George St #5 have?
228 St. George St #5 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 228 St. George St #5 close to transit?
The nearest rapid-transit station is Spadina Station (Line 1, Line 2), about 420 m (about a 5-minute walk) in a straight line. St. George Station is about 460 m (about a 6-minute walk), and Dupont Station is about 500 m (about a 6-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 228 St. George St #5?
About $2,447 a month — principal and interest on $498,000 with 20% down ($99,600), 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 228 St. George St #5 compare with other homes in Toronto?
Its asking price of $498,000 is about 41% below the median sold price in Toronto over the last 90 days, $849,000, across 9,532 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 228 St. George St #5 been sold before?
Summitly has no earlier MLS® sale or lease of 228 St. George St #5 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 228 St. George St #5?
228 St. George St #5 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 228 St. George St #5 been on the market?
228 St. George St #5 was listed today (October 14, 2026).
What is the price per square foot of 228 St. George St #5?
About $831 to $996 per square foot: the asking price of $498,000 over the 500–599 sq ft the listing gives as its size range.
Does 228 St. George St #5 have parking or a garage?