400 Adelaide St E #706, Toronto

Name: 400 Adelaide Street E, Unit 706
SKU: C13812588
Price: 855000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Toronto

Unit 706 at 400 Adelaide Street East

Welcome to Unit 706 at the iconic Ivory on Adelaide condo, a rare 983 sqft. corner suite offering exceptional space, natural light, and an outstanding downtown location. This bright and spacious 2-bedroom corner unit sits at the heart of Old Toronto. With desirable south and west exposures, the suite is filled with sunlight throughout the day. The thoughtfully designed layout features two spacious bedrooms and two full bathrooms. The primary bedroom offers a generous walk-in closet and private ensuite bathroom with bathtub, while the second bedroom currently configured as a home office comfortably accommodates a queen-sized bed. The open-concept living and dining areas offer generous proportions for both everyday living and entertaining. The kitchen features a large center island and newer appliances, while a private balcony provides additional outdoor space. In-suite laundry and a dedicated storage room add further convenience. Residents enjoy a comprehensive range of building amenities including a large outdoor terrace with BBQ and lounge areas, fitness facility, 24-hour concierge, party room, executive lounge, and guest suite. The unit also includes parking with an upgraded dedicated bike rack and a separate locker. Ideally situated in Old Toronto, the property is within a 10-minute walk of both St. Lawrence Market and the Distillery District, with restaurants, cafés, shops, and historic landmarks throughout the surrounding neighborhood. TTC access is just steps away, with convenient connections to the Financial District and easy DVP access, making it an ideal choice for professionals and families alike. With its rare 983 sqft. space, corner positioning, exceptional natural light, and unbeatable location, Unit 706 offers a distinctive opportunity to enjoy spacious downtown living in one of Toronto's most established neighborhoods.

2 bedrooms, 2 bathrooms, about 900 sq ft, works out to roughly $950 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 400 Adelaide St E #706

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 900-999 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

400 Adelaide St E #706 Price & Sale History

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

—ReducedPrice reducedThis listingMLS® C13812588−$44,000 (4.9%)$855,000
Sep 22, 2026For saleListedThis listingMLS® C13812588$899,000

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

What's it worth?

How 400 Adelaide St E #706 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

Above Market· based on 16,058 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: $840,000
Average sold price: $1,084,094
Average days on market: 32
Homes sold: 9,108

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$840,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5204.0%On average, homes sold at or above asking.
Active listings13,279Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 15 – Aug 13, 2026: prices down.

Based on 9,108 sales from Aug 13 – Nov 11, 2026 (7,230 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 706 — 400 Adelaide Street E 2 bd · 2 ba · 900 sqft	$855,000asking	$950	—	—
15 Windermere Avenue 2 bd · 2 ba · 900 sqft
195 Redpath Avenue 2 bd · 2 ba · 600 sqft
500 Doris Avenue 2 bd · 2 ba · 1,000 sqft
11 Wellesley Street 2 bd · 2 ba · 700 sqft
10 Northtown Way 2 bd · 2 ba · 900 sqft
352 Front Street 2 bd · 1 ba · 700 sqft

15 Windermere Avenue
2 bd · 2 ba · 900 sqft
195 Redpath Avenue
2 bd · 2 ba · 600 sqft
500 Doris Avenue
2 bd · 2 ba · 1,000 sqft
11 Wellesley Street
2 bd · 2 ba · 700 sqft
10 Northtown Way
2 bd · 2 ba · 900 sqft
352 Front Street
2 bd · 1 ba · 700 sqft

More in this building

6 for sale · 1 for rent at 400 Adelaide St E — plus its sale and lease history.

See all of 400 Adelaide 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

King StationLine 1910 m11 min walk
Queen StationLine 1950 m12 min walk
TMU StationLine 11.2 km14 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

King Station (Line 1)11 min walk
Queen Station (Line 1)12 min walk
TMU Station (Line 1)14 min walk

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

King Station
910 m11 minClosest· Line 1
Homes near King Station
Queen Station
950 m12 min· Line 1
Homes near Queen Station
TMU Station
1.2 km14 min· Line 1
Homes near TMU 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 400 Adelaide St E #706. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 400 Adelaide St E #706

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

Mortgage: $4,200; 20% down · 25 years · 5.5% assumed
Property tax: $470; 0.66% mill rate · ON
Total per month: $4,670; 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

$4,200

/mo

based on the purchase price of $855,000

Down payment20%

$171,000 cash

Amortization25 yr

$684,000 financed

Rate5.50%

$576,108 total interest

Principal54%$684,000

Interest46%$576,108

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.

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Questions About 400 Adelaide St E #706

How much is 400 Adelaide St E #706 listed for?

400 Adelaide St E #706 is listed at $855,000 (MLS® C13812588). Summitly updates the price as soon as the MLS® record changes.

Is $855,000 a good price for 400 Adelaide St E #706?

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 400 Adelaide St E #706 changed?

Yes — it was first listed at $899,000 and is now $855,000, a drop of $44,000 (4.9%).

How many bedrooms and bathrooms does 400 Adelaide St E #706 have?

400 Adelaide St E #706 has 2 bedrooms and 2 bathrooms, with about 900–999 square feet of living space. It is a condo in Toronto.

Is 400 Adelaide St E #706 close to transit?

The nearest rapid-transit station is King Station (Line 1), about 910 m (about a 11-minute walk) in a straight line. Queen Station is about 950 m (about a 12-minute walk), and TMU Station is about 1.2 km (about a 14-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 400 Adelaide St E #706?

About $4,200 a month — principal and interest on $855,000 with 20% down ($171,000), 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 400 Adelaide St E #706 compare with other homes in Toronto?

Its asking price of $855,000 is about the same as the median sold price in Toronto over the last 90 days, $840,000, across 9,108 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 400 Adelaide St E #706 been sold before?

Summitly has no earlier MLS® sale or lease of 400 Adelaide St E #706 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 400 Adelaide St E #706?

400 Adelaide St E #706 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 400 Adelaide St E #706 been on the market?

50 days — 400 Adelaide St E #706 was listed on September 22, 2026.

What is the price per square foot of 400 Adelaide St E #706?

About $856 to $950 per square foot: the asking price of $855,000 over the 900–999 sq ft the listing gives as its size range.

Does 400 Adelaide St E #706 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know