Welcome to this newly renovated condo offering the perfect blend of comfort, style, and convenience in the heart of North York! This bright and airy condo features 2+1 bedrooms and 2 bathrooms with spacious living and dining areas, ideal for both relaxing and entertaining. Large windows and pot lights fill the space with plenty of light, creating a warm and inviting atmosphere throughout. Enjoy the convenience of ensuite laundry and 24-hour concierge. Included in this move-in ready condo are 3 storage lockers, and 1 parking spot in the condominium's underground parking garage. Additional amenities this condominium has to offer include a fitness center, sauna, squash/racquet court, indoor pool, visitor paring, and much more. Direct underground access to Finch Subway Station nd conveniently located near Yonge Street shopping, dining, public transportation, and parks - this condo is deal for commuters and those seeking vibrant city living with neighborhood charm. Don't miss this opportunity to own a move-in ready condo in a highly desirable location!
2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $508 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 7 Bishop Ave #501
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
1200-1399 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
1 Storey/Apt
Property class
Condo Apartment
7 Bishop Ave #501 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
$2,992
/mo
based on the purchase price of $609,000
$121,800 cash
$487,200 financed
$410,350 total interest
Principal54%$487,200
Interest46%$410,350
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.
For homeowners nearby
Own a home on Bishop Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 7 Bishop Ave #501 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 7 Bishop Ave #501 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 $609K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5079.0%On average, homes sold at or above asking.
Active listings13,780Homes for sale here right now.
Median vs prior 90 days+2.6%Compared with Apr 19 – Jul 18, 2026: prices up.
Based on 9,337 sales from Jul 18 – Oct 16, 2026 (6,683 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
5 for sale · 2 for rent at 7 Bishop Ave — plus its sale and lease history.
Distance is not enrolment: public and Catholic boards assign schools by attendance boundary. Confirm with the local school board's school locator before you buy.
Nearest subway, GO and LRT stations first, then bus and streetcar stops. 28 stops within a 10-minute walk.
7 Bishop Ave #501 is listed at $609,000 (MLS® C13686398). Summitly updates the price as soon as the MLS® record changes.
Is $609,000 a good price for 7 Bishop Ave #501?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 7 Bishop Ave #501 changed?
Yes — it was first listed at $629,000 and is now $609,000, a drop of $20,000 (3.2%).
How many bedrooms and bathrooms does 7 Bishop Ave #501 have?
7 Bishop Ave #501 has 2 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo in Toronto.
What schools are near 7 Bishop Ave #501?
The 4 closest schools to 7 Bishop Ave #501 in a straight line are FutureSkills High School (Secondary), about 140 m (about a 2-minute walk); St. Cyril Catholic School (Elementary · Catholic, Toronto Catholic District School Board), about 560 m (about a 7-minute walk); Avondale Secondary Alternative School (Secondary, Toronto District School Board), about 600 m (about a 8-minute walk); and Drewry Secondary School (Secondary, Toronto District School Board), about 800 m (about a 10-minute walk). School attendance boundaries change, and a nearby school may not serve this address. Check school boundaries with the board before you rely on them. School locations are from OpenStreetMap.
Is 7 Bishop Ave #501 close to transit?
The nearest rapid-transit station is Finch Station (Line 1), about 130 m (about a 2-minute walk) in a straight line. North York Centre Station is about 1.5 km (about a 18-minute walk), and Sheppard-Yonge Station is about 2.3 km. The closest bus or streetcar stop is Finch GO Bus Terminal, about 100 m (about a 1-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 7 Bishop Ave #501?
About $2,992 a month — principal and interest on $609,000 with 20% down ($121,800), 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 7 Bishop Ave #501 compare with other homes in Toronto?
Its asking price of $609,000 is about 28% below the median sold price in Toronto over the last 90 days, $847,500, across 9,337 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 7 Bishop Ave #501 been sold before?
Summitly has no earlier MLS® sale or lease of 7 Bishop Ave #501 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 7 Bishop Ave #501?
7 Bishop Ave #501 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 7 Bishop Ave #501 been on the market?
59 days — 7 Bishop Ave #501 was listed on August 18, 2026.
What is the price per square foot of 7 Bishop Ave #501?
About $435 to $508 per square foot: the asking price of $609,000 over the 1,200–1,399 sq ft the listing gives as its size range.
