- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 700–799sq ft
- Per sq ft
- $799at the range’s middle
- Tax a year
- $3,0232026 tax year
- Built
- 11-15
- Parking
- 11 underground
- Days on market
- Members
The brief
About 221-31 Olive Ave
221-31 Olive Ave is a 1+1-bedroom, 1-bathroom condo townhouse in Willowdale East, Toronto, listed for sale at an asking price of $599,000 (MLS® C13605898).
Enjoy condo amenities without having to wait for the elevator! Have your own entrance peacefully tucked away from Yonge and Finch. 1+1 condo townhouse in the prestigious Mona Lisa, ideally situated in the heart of North York and steps away from Finch Subway station. This bright, south-facing home with a private balcony overlooks the tranquil pond, gazebo and interior courtyard. It offers soaring ceilings, oversized granite kitchen island, hardwood flooring throughout, and a functional modern open-concept layout with no carpet. A spacious den with floor to ceiling window serves perfectly as a home office or secondary bedroom. Enjoy 24h concierge for deliveries, indoor swimming pools and hot tub, sauna, gym, party room, roof top terraces, and BBQ area. Secure underground parking & locker. Stainless steel appliances, washer & dryer.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall39/100−$749/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 94 homes with 2 bedrooms for lease in Willowdale East right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,023 / 2026
- MLS® number
- C13605898
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 11-15
- Days on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Stacked Townhouse
- Community
- Willowdale East
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Building Age
- 11-15
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $664
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.2 × 4.26 m | hardwood floor, W/O To Balcony, Combined W/Dining | Main |
| Dining | 1.98 × 3.05 m | hardwood floor, Open Concept, Combined W/Living | Main |
| Kitchen | 2.29 × 3.05 m | Ceramic Floor, Stainless Steel Appl, Centre Island | Main |
| Primary | 3.23 × 3.32 m | hardwood floor, Double Closet, Sliding Doors | Main |
| Den | 1.47 × 5.69 m | hardwood floor, Window, Overlook Patio | Main |
Listing history
Buy/sell history for 221-31 Olive 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 | $599,000 | N/A | Ext | C13605898 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
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
- $119,800
- Total mortgage amount
- $479,200
- Total interest payment
- $340,700
- Total purchase cost
- $939,700
- Mortgage payment
- $2,733/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
42%Monthly carrying cost
$3,649- Rent $2,900
- Shortfall $749
Rental income opens at $2,900, the median asking rent of 94 comparable homes for lease in Willowdale East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $8,455
- Toronto municipal land transfer tax
- $8,455
- Total land transfer tax
- $16,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $8,435
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 $599,000
- $3,980
- Ontario total
- $8,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $8,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
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 Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
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.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m21 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 31 building permits issued within 250 m in the last 2 years250 m
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 5.2 km5.2 km
- Mapped parcel: about 80,490 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rally. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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.
Zoning
By-law
See Former City of North York By-Law No. 7625What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
5576 YONGE STSite planUnder Review
Proposal for a mixed-use development with two residential towers, 25 storeys in height for the Tower A, and 35 storeys in height for the Tower B. Each tower contains 3 storey podium having retail use in towner B, and shared with 2 levels of underground parking. The proposed residential gross floor area is 40,906 square metres with 608 units,,and the proposed non-residential gross floor area is 507 square metres. Proposed 101 parking spaces and 498 bicycle parking spaces.
200 m away26 HOUNSLOW AVESite planUnder Review
A Site Plan Application to allow for the construction of a 26-storey residential building consisting of 305 residential units and 19,235.30 square metres of Gross Floor Area and an FSI of 8.91.
440 m away2 GREENVIEW AVEOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 46-storey mixed-use building providing residential and commercial use. The building will provide a total of 636 residential units, being a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. The building will also provide retail at grade. A paved access from Eldora Ave along the north property line will be provided, leading to 3 levels of below-grade parking, providing a total of 154 parking spaces; as well as 370 bicycle parking spaces. The proposed development provides a total GFA of 39,191.50 square metres and a FSI of 15.27. Additionally, the proposed development provides 1,443.50 square metres of indoor amenity space and 469.70 square metres of outdoor amenity space.
440 m away28 HOUNSLOW AVESite planUnder Review
A Site Plan Application to allow for the construction of a 26-storey residential building consisting of 305 residential units and 19,235.30 square metres of Gross Floor Area and an FSI of 8.91.
440 m away4 GREENVIEW AVEOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 46-storey mixed-use building providing residential and commercial use. The building will provide a total of 636 residential units, being a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. The building will also provide retail at grade. A paved access from Eldora Ave along the north property line will be provided, leading to 3 levels of below-grade parking, providing a total of 154 parking spaces; as well as 370 bicycle parking spaces. The proposed development provides a total GFA of 39,191.50 square metres and a FSI of 15.27. Additionally, the proposed development provides 1,443.50 square metres of indoor amenity space and 469.70 square metres of outdoor amenity space.
440 m away38 FINCH AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 46-storey mixed-use building providing residential and commercial use. The building will provide a total of 636 residential units, being a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom units. The building will also provide retail at grade. A paved access from Eldora Ave along the north property line will be provided, leading to 3 levels of below-grade parking, providing a total of 154 parking spaces; as well as 370 bicycle parking spaces. The proposed development provides a total GFA of 39,191.50 square metres and a FSI of 15.27. Additionally, the proposed development provides 1,443.50 square metres of indoor amenity space and 469.70 square metres of outdoor amenity space.
450 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.
The market
Condos for sale in Willowdale East right now
- For sale now
- 24
- Median asking price
- $714K
- New in 7 days
- 4
- Price cuts
- 38%
Middle half: $599K to $1.09M
8 in 28 days
9 listings
This home is asking 16% below the median.
See all homes in Willowdale EastAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 250 m |
| North York Centre Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| Sheppard-Yonge Station | TTC subway: Line 1 Yonge-University, Line 4 Sheppard | 1.9 km |
| Yonge / Steeles | YRT bus rapid transit: Viva Blue | 2.2 km |
| Old Cummer GO | GO Transit train: Richmond Hill | 3.8 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; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, 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. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Cyril Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 350 m | 96%Grade 6 average |
| McKee Public SchoolToronto DSB | Public · grades JK–5 | 600 m | 86%Grade 3 average |
| R J Lang Elementary and Middle SchoolToronto DSB | Public · grades JK–8 | 1.2 km | 61%Grade 6 average |
| École élémentaire Paul-DemersConseil scolaire Viamonde | French-language public · grades JK–6 | 3.4 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Drewry Secondary SchoolToronto DSB | Public · grades 9–12 | 1.1 km | — |
| ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 1.1 km | 63%Grade 9 math |
| Earl Haig Secondary SchoolToronto DSB | Public · grades 9–12 | 1.2 km | 84%Grade 9 math |
| Cardinal Carter Academy for the ArtsToronto CDSB | Catholic · grades 9–12 | 1.7 km | 87%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.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Willowdale East are shown to signed-in members.