501-50 Old Mill Rd
Kingsway South, Toronto, Ontario M8X 1G7
- Bedrooms
- 2
- Bathrooms
- 3
- Size
- 2,750–2,999sq ft
- Per sq ft
- $1,286at the range’s middle
- Tax a year
- $16,1752025 tax year
- Built
- 31-50
- Parking
- 22 underground
- Days on market
- Members
The brief
About 501-50 Old Mill Rd
501-50 Old Mill Rd is a 2-bedroom, 3-bathroom condo in Kingsway South, Toronto, listed for sale at an asking price of $3,698,000 (MLS® W13799464).
This rare full-floor penthouse at The Riverstone offers 2,959 sq. ft. of living space with sweeping views of both the city skyline and Humber River. Direct elevator access opens to a bright, functional layout featuring engineered hardwood throughout and custom-built cabinetry. The kitchen includes premium appliances such as a Wolf cooktop and oven, Falmec hood, and custom millwork. The living room features a marble-faced fireplace with quartz hearth, perfect for relaxed evenings or entertaining. The primary suite offers heated stone floors in the ensuite, custom closets, and tranquil views. White oak shaker doors, panels, and baseboards add a consistent, high-end finish throughout. Includes two parking spaces and a locker. Don't miss this opportunity to own a one of a kind penthouse in a highly sought-after building and neighbourhood.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$17,429/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 homes with 2 bedrooms for lease in Kingsway South 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
- $16,175 / 2025
- MLS® number
- W13799464
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 31-50
- Days on market
- Size
- 2750-2999 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Kingsway South
- Municipality
- Toronto
Building
- Size
- 2750-2999 sqft
- Building Age
- 31-50
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Main, 1 × 2pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- Yes
- Den
- Yes
- Family room
- Yes
- Extras
- subzero fridge/ freezer, Wolf cooktop, Wolf oven, Wolf microwave drawer, Miele dishwasher, Falmee hood, Miele Novotronic washer and dryer, Custom built cabinetry in dining room/ living room/master bedroom/ensuite/guest bath/ laundry room and family room. All media equipment in laundry room. All iPads on site.
- Condo maint.
- $2,710
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 7.49 × 8.11 m | 4 Pc Ensuite, B/I Closet, W/O To Terrace | Main |
| Bathroom | 3.53 × 4.18 m | 4 Pc Ensuite, Heated Floor, Quartz Counter | Main |
| Bathroom | 1.34 × 1.98 m | 2 Pc Bath | Main |
| Living | 7.5 × 4.69 m | Marble Fireplace, W/O To Terrace, B/I Shelves | Main |
| Kitchen | 5.82 × 4.63 m | Centre Island, W/O To Terrace, Quartz Counter | Main |
| Dining | 5.24 × 3.96 m | W/O To Terrace, B/I Shelves | Main |
| Family | 6.79 × 3.74 m | W/O To Terrace, Combined W/Kitchen, B/I Shelves | Main |
| 2nd Br | 5.69 × 3.81 m | B/I Closet, W/O To Terrace | Main |
| Bathroom | 2.22 × 2.47 m | 3 Pc Bath, Quartz Counter, Tile Floor | Main |
| Den | 7.49 × 4.69 m | W/O To Terrace | Main |
Listing history
Buy/sell history for 501-50 Old Mill Rd, 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 | $3,698,000 | N/A | For Sale | W13799464 |
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
- $739,600
- Total mortgage amount
- $2,958,400
- Total interest payment
- $2,102,900
- Total purchase cost
- $5,800,900
- Mortgage payment
- $16,871/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$20,929- Rent $3,500
- Shortfall $17,429
Rental income opens at $3,500, the median asking rent of 7 comparable homes for lease in Kingsway South. 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
- $78,925
- Toronto municipal land transfer tax
- $85,905
- Total land transfer tax
- $164,830
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $156,355
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 $2,000,000
- $32,000
- 2.5% from $2,000,000 to $3,698,000
- $42,450
- Ontario total
- $78,925
Toronto’s municipal tax has its own higher brackets at this price, so it adds $85,905.
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
- Inside Toronto and Region Conservation Authority’s mapped regulated areaHere the area is drawn from flood hazard, crest of slope, river meander belt, wetland mapping. Work on the property, such as an addition or grading, may need a permit from Toronto and Region Conservation Authority. It does not mean the house floods.At the address
- A mapped wetland is within 120 mDevelopment close to a wetland can need extra review.120 m
- No water-supply well recorded within 250 m6 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Inside the Greenbelt (Urban River Valley)These provincial plans set policies on new buildings, new lots and some changes to the land; the municipality can say which apply to this property.At the address
- 7 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 7.7 km7.7 km
- Mapped parcel: about 25,530 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 · 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 CanadaThe nearest is Cintas Canada Limited — Cintas Dundas, 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.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 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, 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
- In the mapped Ravine and Natural Feature Protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City 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
RM (f24.0; au116.0)By-law
569-2013Municipality
Toronto1 f24.0
Frontage: at least 24.0 m.
2 au116.0
Lot area: at least u116.0 m² per dwelling unit.
3 Where this is written
Chapter 10, section 10.80 of By-law 569-2013
4 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
7 building permits cleared at this address in the City’s file.
Alter: Add on /DuctworkClosed
Proposal to change the ductwork in a residentail suite in an existing residential condo - UNIT 402
Issued November 16, 2021
Building Permit Related(PS)Closed
Revision 01. Plumbing - Proposal for interior alterations to a residential suite in an existing apartment building - UNIT 101
Issued May 15, 2020
Building Permit Related(MS)Inspection
HVAC - Proposal for interior alterations to a residential suite in an existing apartment building - UNIT 101
Issued February 18, 2020
Building Permit Related(MS)Closed
HVAC - Proposal for the removal of 2 non-load bearing partitions between the hallway and the current den and between the kitchen and the den, work includes renovations to the existing bathroom as well.
Issued January 28, 2020
Interior AlterationsInspection
Proposal for interior alterations to a residential suite in an existing apartment building - UNIT 101
Issued January 16, 2020
Interior AlterationsClosed
Proposal for the removal of 2 non-load bearing partitions between the hallway and the current den and between the kitchen and the den, work includes renovations to the existing bathroom as well.
Issued November 27, 2019
Building Permit Related(PS)Closed
Plumbing - Proposal for the removal of 2 non-load bearing partitions between the hallway and the current den and between the kitchen and the den, work includes renovations to the existing bathroom as well.
Issued November 27, 2019
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. 2 open development applications within 800 m of this home.
69 OLD MILL TERSite planUnder Review
Proposed 39-storey residential building (135.4 metres), inclusive of a 5-storey base building. The proposed building would have a total gross floor area of 27,713.46 square metres and a floor space index of 14.63. 345 new residential units are proposed, as well as 26 rental-replacement units. 82 vehicular parking spaces in 4 levels of underground parking, as well as 279 bike parking spaces and one Type G loading space are also proposed.
380 m away69 OLD MILL TEROfficial plan or zoning amendmentUnder Review
Proposed 39-storey residential building (135.4 metres), inclusive of a 5-storey base building. The proposed building would have a total gross floor area of 27,713.46 square metres and a floor space index of 14.63. 345 new residential units are proposed, as well as 26 rental-replacement units. 82 vehicular parking spaces in 4 levels of underground parking, as well as 279 bike parking spaces and one Type G loading space are also proposed.
380 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 Kingsway South right now
- For sale now
- 11
- Median asking price
- $1.3M
- New in 7 days
- 0
- Price cuts
- 9%
Middle half: $672K to $1.7M
7 in 28 days
1 listing
This home is asking 185% above the median, higher than three quarters of them.
See all homes in Kingsway SouthAsking 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
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 150 m |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 900 m |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 1.3 km |
| Bloor GO | GO Transit train: KitchenerUP Express train | 3.6 km |
| Mount Dennis Station | TTC light rail: Line 5 EglintonGO Transit train: KitchenerUP Express train | 4.2 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 Pius X Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 87%Grade 6 average |
| Humbercrest Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1 km | 88%Grade 6 average |
| James Culnan Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 1.3 km | 74%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Runnymede Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 1.4 km | 15%Grade 9 math |
| Western Technical & Commercial SchoolToronto DSB | Public · grades 9–12 | 1.7 km | 53%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.1 km | 81%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 4.3 km | 82%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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Recently sold nearby
Sold prices in Kingsway South are shown to signed-in members.