Welcome to 556 Marlee Avenue, where modern design meets everyday convenience. This beautifully appointed 1-bedroom + den, 1-bath condo offers the perfect balance of style, comfort, and location - ideal for young professionals, first-time buyers, or savvy investors. Step into a bright and open-concept living space filled with natural light. The modern kitchen features sleek cabinetry, stainless steel appliances, and ample counter space - perfect for cooking and entertaining. The spacious bedroom offers a relaxing retreat, while the versatile den makes an excellent home office, guest area, or creative studio. Enjoy your private balcony, perfect for morning coffee or unwinding at sunset. The building provides excellent amenities including a fitness centre, party room, visitor parking, and on-site management. Situated in one of Toronto's most connected neighbourhoods, you'll love being just steps from Lawrence West Subway Station, Yorkdale Mall, Allen Road, and Highway 401. Shopping, dining, parks, and schools are all nearby - making this location both convenient and desirable. Property is currently tenanted for $2,150 until end of May 2026.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $1,020 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 556 Marlee Ave #102
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
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
556 Marlee Ave #102 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
$2,505
/mo
based on the purchase price of $510,000
$102,000 cash
$408,000 financed
$343,643 total interest
Principal54%$408,000
Interest46%$343,643
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 $510K.
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 listings12,671Homes 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.
More in this building
4 for sale · 4 for rent at 556 Marlee Ave — plus its sale and lease history.
556 Marlee Ave #102 is listed at $510,000 (MLS® W12502656). Summitly updates the price as soon as the MLS® record changes.
Is $510,000 a good price for 556 Marlee Ave #102?
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 556 Marlee Ave #102 changed?
Yes — it was first listed at $639,000 and is now $510,000, a drop of $129,000 (20.2%).
How many bedrooms and bathrooms does 556 Marlee Ave #102 have?
556 Marlee Ave #102 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 556 Marlee Ave #102 close to transit?
The nearest rapid-transit station is Glencairn Station (Line 1), about 260 m (about a 3-minute walk) in a straight line. Lawrence West Station is about 710 m (about a 9-minute walk), and Cedarvale Station is about 1.2 km (about a 15-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 556 Marlee Ave #102?
About $2,505 a month — principal and interest on $510,000 with 20% down ($102,000), 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 556 Marlee Ave #102 compare with other homes in Toronto?
Its asking price of $510,000 is about 40% 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 556 Marlee Ave #102 been sold before?
Summitly has no earlier MLS® sale or lease of 556 Marlee Ave #102 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 556 Marlee Ave #102?
556 Marlee Ave #102 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 556 Marlee Ave #102 been on the market?
353 days — 556 Marlee Ave #102 was listed on November 3, 2025.
What is the price per square foot of 556 Marlee Ave #102?
About $851 to $1,020 per square foot: the asking price of $510,000 over the 500–599 sq ft the listing gives as its size range.
Does 556 Marlee Ave #102 have a basement, and is it finished?
The listing says 556 Marlee Ave #102 has no basement.
