For SaleCondo Apt · ApartmentMLS® #W14159728 · TRREB MLS®
506-2835 Islington Ave, Toronto, Ontario
Humber Summit, Toronto, Ontario M9L 2K2
- Bedrooms
- 2
- Bathrooms
- 2
- Type
- Condo Apt
- Basement
- None
$499,900
Estimated market value
About 506-2835 Islington Ave
506-2835 Islington Ave is a 2-bedroom, 2-bathroom condo in Humber Summit, Toronto, listed for sale at an asking price of $499,900 (MLS® W14159728).
Welcome to this bright and spacious open concept condo with lots of space for a growing family. Renovated kitchen, washrooms and ensuite laundry. Modern kitchen with quartz counter top with new cupboards that are striking to the eyes. Large living and dining room. Walkout to balcony. Two spacious bedrooms. Lovely private balcony with a great view. new Carpet in hallway. One of a kind Private Garage Parking at the back of building with lots of space. Sauna, game room, and recreational area. TTC service at your doorstep. Close to schools, shoppings, walking trail and park.
Insights
Condition Score
Good1 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall−$558/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 2 bedrooms for lease in Humber Summit right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $1,151 / 2026
- MLS® number
- W14159728
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- 1 Built-In, 1 Parking
Listing history
Buy/sell history for 506-2835 Islington Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,900 | N/A | For Sale | W14159728 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Domin Kurian for a full comparative market analysis.
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Humber Summit
- Municipality
- Toronto
Building
- Size
- 900-999 sqft
- Construction
- Brick Front
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 2pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- None
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Washer, Dryer and all window coverings.
- Condo maint.
- $606
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.43 × 6.27 m | Combined W/Dining, Parquet Floor | Flat |
| Dining | 2.63 × 3.28 m | Combined W/Living, Parquet Floor, W/O To Balcony | Flat |
| Kitchen | 2.39 × 3.96 m | Ceramic Floor | Flat |
| Primary | 3.09 × 4.51 m | 2 Pc Ensuite, Parquet Floor | Flat |
| 2nd Br | 2.92 × 3.5 m | Parquet Floor | Flat |
| Laundry | 1.96 × 2.43 m | Ceramic Floor | Flat |
Map and tour
Signals around this home
Changing nearby. 1 open development application within 800 m of this home.
3001 FINCH AVE WSite planUnder Review
Site Plan Control application to construct a five-storey, 4,032 square-metre mixed use addition to the existing building. The addition will contain 18 studio and one-bedroom seniors units, contained within levels four and five in Building B, and recreation space for the tenants, which will include a children's daycare and play rooms, multi-purpose rooms, a basketball court and fitness centre, and a library dispersed between levels one to three of Building A and B.
530 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
Land transfer tax on this home
- Ontario land transfer tax
- $6,473
- Toronto municipal land transfer tax
- $6,473
- Total land transfer tax
- $12,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $4,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,900
- $1,998
- Ontario total
- $6,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Permit history
4 building permits cleared at this address in the City’s file.
Balcony/Guard RepairsPermit Issued
Proposal for localized concrete repairs, sealant replacement and new balcony guards to be installed on all levels of the existing apartment building.
Issued January 25, 2021
Balcony/Guard RepairsClosed - Dormant
Repaires to ninety balconies over nine floor to a residential building
Issued May 3, 2001
Alteration to Existing BuildingClosed - Dormant
Interior alteration to parking garage
Issued April 5, 2000
Interior AlterationsClosed - Dormant
Fire code retrofit
Issued September 11, 1996
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Roch Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 400 m | 73%Grade 6 average |
| Gracedale Public SchoolToronto DSB | Public · grades JK–5 · French Immersion | 550 m | 53%Grade 3 average |
| Beaumonde Heights Junior Middle SchoolToronto DSB | Public · grades JK–8 | 1 km | 68%Grade 6 average |
| ÉÉC Saint-Noël-Chabanel-TorontoConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 6.5 km | 100%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| North Albion Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.5 km | 29%Grade 9 math |
| Emery EdVance Secondary SchoolToronto DSB | Public · grades 9–12 | 2.3 km | — |
| Father Henry Carr Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 2.5 km | 51%Grade 9 math |
| ÉSC de l'Ascension - VaughanConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 5.6 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Rowntree Mills Station | TTC light rail: Line 6 Finch West | 450 m |
| Pearldale Station | TTC light rail: Line 6 Finch West | 500 m |
| Duncanwoods Station | TTC light rail: Line 6 Finch West | 800 m |
| Humber College Station | TTC light rail: Line 6 Finch WestBrampton Transit bus rapid transit: Züm Steeles | 3.6 km |
| Etobicoke North GO | GO Transit train: Kitchener | 4.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; Brampton Transit schedule data (GTFS) from the City of Brampton under the Creative Commons Attribution 4.0 licence (CC BY 4.0), downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Brampton Transit data © City of Brampton; Valery selected the Züm stations from it and grouped their stops.
Zoning
Zone
RA (f30.0; a1375) (x136)By-law
569-2013Municipality
Toronto1 f30.0
Frontage: at least 30.0 m.
2 a1375
Lot area: at least 1375 m² per dwelling unit.
3 x136
Site-specific exception 136: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(136)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,980
- Total mortgage amount
- $399,920
- Total interest payment
- $284,380
- Total purchase cost
- $784,280
- Mortgage payment
- $2,281/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
40%Monthly carrying cost
$2,983- Rent $2,425
- Shortfall $558
Rental income opens at $2,425, the median asking rent of 6 comparable homes for lease in Humber Summit. Type over it with the rent you expect. This is a planning tool, not advice.
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