- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $590at the range’s middle
- Tax a year
- $4,0272025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 611-38 Elm St
611-38 Elm St is a 2-bedroom, 2-bathroom condo in Bay Street Corridor, Toronto, listed for sale at an asking price of $649,000 (MLS® C14029726).
Welcome to Minto Plaza, a premier downtown Toronto residence just steps from Yonge Street. This bright and spacious 2-bedroom, 2-bathroom suite offers approximately 1,008 sq. ft. of thoughtfully designed living space with a highly desirable split-bedroom layout. Fully renovated and move-in ready, the unit features custom kitchen with quartz countertops, Vinyl flooring, fresh paint, Stainless steel appliances, generous principal rooms, and excellent storage. The large primary bedroom includes a walk-in closet and 4-piece ensuite. Enjoy preferred south west exposure , plus one parking space and one locker. All-inclusive maintenance fees cover utilities. Building amenities include a 24-hour concierge, indoor pool, sauna, gym, study and piano lounges, and rooftop terrace. Steps to Dundas subway station, Eaton Centre, TMU, hospitals, U of T, the Financial District, shopping, dining, and entertainment. No pets permitted. Some images are virtually staged.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall26/100−$1,573/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 105 condos with 2 bedrooms for lease in Bay Street Corridor 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
- $4,027 / 2025
- MLS® number
- C14029726
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Bay Street Corridor
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 5pc Main, 1 × 3pc 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
- Extras
- S/S Fridge, Stove, Microwave Range Hood, Dishwasher, Washer/Dryer, All Window Covering, 1 Locker & 1 Parking Spot
- Condo maint.
- $1,276
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.6 × 6.03 m | Vinyl Floor, Combined W/Dining, W/O To Balcony | Main |
| Dining | 3.6 × 6.03 m | Vinyl Floor, Combined W/Living | Main |
| Kitchen | 2.35 × 2.68 m | Marble Counter, Stainless Steel Appl | Main |
| Primary | 3.23 × 4.2 m | Large Window, His/Hers Closets, 4 Pc Ensuite | Main |
| 2nd Br | 3.31 × 3.56 m | Vinyl Floor, Closet, Large Window | Main |
Listing history
Buy/sell history for 611-38 Elm St, 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 | $649,000 | N/A | Pc | C14029726 |
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
- $129,800
- Total mortgage amount
- $519,200
- Total interest payment
- $369,100
- Total purchase cost
- $1,018,100
- Mortgage payment
- $2,961/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
62%Monthly carrying cost
$4,573- Rent $3,000
- Shortfall $1,573
Rental income opens at $3,000, the median asking rent of 105 comparable homes for lease in Bay Street Corridor. 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
- $9,455
- Toronto municipal land transfer tax
- $9,455
- Total land transfer tax
- $18,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $10,435
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 $649,000
- $4,980
- Ontario total
- $9,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $9,455.
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 m68 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
- 142 building permits issued within 250 m in the last 2 years250 m
- 29 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 2.7 km2.7 km
- Mapped parcel: about 57,620 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
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Walton Street Steam Plant, 150 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not 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 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. 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
Zone
CR 7.8 (c2.0; r7.8) SS1 (x2193)By-law
569-2013Municipality
Toronto1 7.8
Density: total floor area is capped at 7.8 times the lot area.
2 c2.0
Commercial floor area is capped at 2.0 times the lot area.
3 r7.8
Residential floor area is capped at 7.8 times the lot area.
4 x2193
Site-specific exception 2193: this site has rules of its own, written in the by-law.
5 SS1
Standards set 1: the setback, height and coverage rules the by-law applies to this zone.
6 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(2193)
7 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.
Permit history
9 building permits cleared at this address in the City’s file.
HVAC: Other Group C BuildingsInspection
Proposed replacement of one cooling tower, one make-up air unit, two air handling units, and two chillers
Issued December 12, 2022
Building Permit Related(PS)Permit Issued
Plumbing - Proposal for interior alterations to existing residential condo unit 600
Issued June 28, 2019
Building Permit Related(MS)Permit Issued
HVAC - Proposal for interior alterations to existing residential condo unit 600
Issued June 28, 2019
Interior AlterationsPermit Issued
Proposal for interior alterations to existing residential condo unit 600
Issued June 27, 2019
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations to washroom and kitchen in unit 703 of the existing apartment building.
Issued November 21, 2018
Interior AlterationsClosed
Proposal for interior alterations to washroom and kitchen in unit 703 of the existing apartment building.
Issued November 21, 2018
Balcony/Guard RepairsPermit Issued
Proposal for concrete restoration of balcony structure and application of waterproofing membrane.
Issued June 12, 2018
Backflow Prevention Devices (Water only)Closed
Installation of a 4" backflow prevention device
Issued July 9, 2015
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
22 ELM STPlan of subdivisionUnder Review
Draft Plan of Subdivision for 1 block.
40 m away22 ELM STSite planUnder Review
INACTIVE Proposal to construct 3 towers (85-storeys, 51-storeys, and 32-storeys) and one 5-storey building comprised of residential, commercial, and community uses including a POPS. A total of 1709 dwelling units and 39,099 m² of non-residential floor area are proposed along with 473 below grade parking spaces. As part of the application, Walton Street would be re-connected as a privately owned publicly accessible right-of-way.
40 m away18 ELM STOfficial plan or zoning amendmentUnder Review
The application proposes to amend Zoning By-law 569-2013 to permit a 44-storey mixed use building containing 247 residential dwelling units and 362 square metres of retail space.
70 m away33 GERRARD ST WSite planUnder Review
INACTIVE Proposal to construct 3 towers (85-storeys, 51-storeys, and 32-storeys) and one 5-storey building comprised of residential, commercial, and community uses including a POPS. A total of 1709 dwelling units and 39,099 m² of non-residential floor area are proposed along with 473 below grade parking spaces. As part of the application, Walton Street would be re-connected as a privately owned publicly accessible right-of-way.
80 m away33 GERRARD ST WPlan of subdivisionUnder Review
Draft Plan of Subdivision for 1 block.
80 m away17 ELM STOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment application to permit a 30-storey mixed-use building, containing 216 dwelling units and 320 square metres of non-residential GFA. The site includes a listed property on the Heritage Register which is proposed to be demolished.
90 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 Bay Street Corridor right now
- For sale now
- 177
- Median asking price
- $650K
- New in 7 days
- 21
- Price cuts
- 20%
Middle half: $520K to $890K
70 in 28 days
36 listings
This home is asking at the median.
See all homes in Bay Street CorridorAsking 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 |
|---|---|---|
| TMU Station | TTC subway: Line 1 Yonge-University | 250 m |
| College Station | TTC subway: Line 1 Yonge-University | 350 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 500 m |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 600 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.4 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 and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, 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.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 550 m | 99%Grade 6 average |
| Orde Street Public SchoolToronto DSB | Public · grades JK–8 | 700 m | 82%Grade 6 average |
| Church Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 750 m | 72%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 950 m | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 550 m | 96%Grade 9 math |
| Native Learning CentreToronto DSB | Public · grades 9–12 | 700 m | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 750 m | 86%Grade 9 math |
| St Joseph's College SchoolToronto CDSB | Catholic · grades 9–12 | 800 m | 66%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
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Sold prices in Bay Street Corridor are shown to signed-in members.