- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $873at the range’s middle
- Tax a year
- $2,5492025 tax year
- Built
- 11-15
- Parking
- 0attached
- Days on market
- Members
The brief
About 403-53 Colgate Ave
403-53 Colgate Ave is a 1-bedroom, 1-bathroom condo in South Riverdale, Toronto, listed for sale at an asking price of $479,900 (MLS® E14004332).
A Rare Find! Penthouse at Abode Lofts, a boutique building of only 15 units, offering privacy and quiet in the heart of Leslieville, one of Toronto's most vibrant and evolving east-end neighbourhoods. On a tree-lined street set amongst single-family homes, this one-bedroom suite sits on the top floor of a four-storey building and features soaring 10-foot ceilings and a bright, open-concept layout. The efficient floor plan makes the most of every square foot, with room for a home workspace. The kitchen includes four stainless steel appliances, granite countertops, and ample cabinet space. Step out onto the approximately 100 sq ft terrace, overlooking the neighbourhood park. BBQs are allowed, making it great for entertaining and relaxing. Step across the street to enjoy the park benches, picnic table, and small play area for the little ones. Everyday essentials are just minutes away on foot, along with a variety of highly rated shops, cafés, restaurants, and theatres. Staying active is convenient, with multiple fitness studios and Jimmie Simpson Park and Recreation Centre at the end of the block. There's no need for a car, as several TTC stops and the future Ontario Line station are within a 5-minute walk, and a Bike Share Toronto station is right outside the front door. This rarely offered unit is a great fit for first-time buyers, downsizers, and investors, and a perfect pied-à-terre for anyone wanting a low-maintenance home base in a prime location. A city location with a neighbourhood feel, the best of both worlds. This is boutique living at its best!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall38/100−$694/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 13 condos with 1 bedroom for lease in South Riverdale 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
- $2,549 / 2025
- MLS® number
- E14004332
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 11-15
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- Attached, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Loft
- Community
- South Riverdale
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Building Age
- 11-15
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Stainless Steel Fridge, Electric Stove, Dishwasher, Microwave and Hood Range. Washer,Dryer, New AC Unit (2025), New Water Tank (2025). All Electric Light Fixtures, Window Blinds. Visitors Parking available.
- Condo maint.
- $692
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.01 × 4.39 m | W/O To Balcony, Combined W/Dining, Open Concept | Main |
| Dining | 4.01 × 4.39 m | Combined W/Living, Open Concept | Main |
| Kitchen | 1.65 × 4.22 m | Stainless Steel Appl, W/O To Balcony, Combined W/Living | Main |
| Br | 2.74 × 3.05 m | Double Closet, Sliding Doors | Main |
| Den | 1.57 × 3.96 m | — | Main |
| Bathroom | 1.52 × 2.49 m | Tile Floor, 4 Pc Bath | Main |
Listing history
Buy/sell history for 403-53 Colgate 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 | $479,900 | N/A | Sc | E14004332 |
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
- $95,980
- Total mortgage amount
- $383,920
- Total interest payment
- $273,080
- Total purchase cost
- $752,980
- Mortgage payment
- $2,190/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
45%Monthly carrying cost
$3,094- Rent $2,400
- Shortfall $694
Rental income opens at $2,400, the median asking rent of 13 comparable homes for lease in South Riverdale. 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
- $6,073
- Toronto municipal land transfer tax
- $6,073
- Total land transfer tax
- $12,146
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $3,671
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 $479,900
- $1,598
- Ontario total
- $6,073
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,073.
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 conservation4
- 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
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (278 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 64 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 5.0 km5 km
- Mapped parcel: about 7,010 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 home2
- Nearest rail line: 300 m300 m
- 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 City of Toronto — Eastern And Booth Blocks, 680 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.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 this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- 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, 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
- 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
E 2.0 (x278)By-law
569-2013Municipality
Toronto1 2.0
Density: total floor area is capped at 2.0 times the lot area.
2 x278
Site-specific exception 278: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 60, section 60.20 of By-law 569-2013 · Exception 900.20.10(278)
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
3 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Inspection
HVAC - PROPOSED: Building a second bedroom (8.5 ft x 10ft) in my condo, within the existing open living space (2 new walls with appropriate electricity and HVAC).
Issued January 23, 2024
Interior AlterationsPermit Issued
PROPOSED: Building a second bedroom (8.5 ft x 10ft) in my condo, within the existing open living space (2 new walls with appropriate electricity and HVAC).
Issued January 17, 2024
New BuildingClosed
Revision: Interior alterations to live/work building. See revision clouds.[Proposal to construct new 4 storey, 15 live/work unit building, with parking at grade. See site plan approval draft . See PPR.]
Issued November 12, 2010
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.
8 DE GRASSI STSite planAppeal Received
Sties Plan Control application for a proposed 6-storey mixed use building with 15 residential and one commercial units. Minor Variance application 22 240793 STE 14 MV is associated (deferred Dec. 2022). This application (both SP and MV applications) were appelaed by the applicant. The MV appeal (OLT-23-000401) was approved by the OLT on April 5, 2024. The SP appeal (OLT-23-000315) is still subject to conditions of Final Order.
410 m away797 QUEEN ST ESite planUnder Review
Site Plan Control Placeholder for Leslieville Station, one of the stations included in the Ontario Line Elevated Guideway and Stations contract.
440 m away26 B LEWIS STPlan of subdivisionUnder Review
Draft Plan of Subdivision for 2 blocks.
570 m away26 B LEWIS STOfficial plan or zoning amendmentOMB Appeal
Official Plan and Zoning By-law amendment to facilitate the development of the site for a 12-storey mixed-use building having a non-residential gross floor area of 794 square metres, and a residential gross floor area of 28,638 square metres. A total of 340 residential dwelling units are proposed. Application appeald to OLT (OLT-23-000276) on Mar 29, 2023.
570 m away65-87 HEWARD AVEOfficial plan or zoning amendmentOMB Appeal
Official Plan Amendment (OPA) to re-designate the subject site from Core Employment Areas to Mixed Use Areas to permit future mixed-use development. The OPA would also introduce a new Site and Area Specific Policy that mandates a minimum of 3,150 square metres of gross floor area dedicated to activities related to film, television, and digital media production.
590 m away375 EASTERN AVESite planUnder Review
Site Plan application for the approval of a 48-storey non-residential building (218.55 metres), inclusive of a 6-storey podium, having a gross floor area of 114,586 square metres. A total of 368 vehicle parking spaces and a total of 542 bicycle parking spaces are proposed. Vehicle access is proposed via a private driveway with access on the new Broadview Avenue and New Street E. Access to the underground parking is proposed from New Street E. The application includes a proposed 1000 sqm Privately Owned Publically accessible Space (POPS) along Broadview Avenue.This is Building 1B located in the north west quadrant adjacent to the furutre East Harbour Transit Hub. The East Harbour site is the subject of a Ministerial Zoning Order permitting 1,228,000 sq m of development, including 926,000 sq m of commercial development and 302,000 sq m of residential and is also subject to site specific zoning by-laws 1280-2018 and 1281-2018. This application is related to the subdivision application 16 270078 STE 30 SB which is currently under review by staff.
690 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 South Riverdale right now
- For sale now
- 44
- Median asking price
- $650K
- New in 7 days
- 3
- Price cuts
- 16%
Middle half: $547K to $856K
22 in 28 days
7 listings
This home is asking 26% below the median, lower than three quarters of them.
See all homes in South RiverdaleAsking 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 |
|---|---|---|
| Chester Station | TTC subway: Line 2 Bloor-Danforth | 2 km |
| Pape Station | TTC subway: Line 2 Bloor-Danforth | 2.1 km |
| Broadview Station | TTC subway: Line 2 Bloor-Danforth | 2.1 km |
| Donlands Station | TTC subway: Line 2 Bloor-Danforth | 2.2 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 3.6 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 |
|---|---|---|---|
| Morse Street Junior Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 200 m | 81%Grade 6 average |
| Dundas Junior Public SchoolToronto DSB | Public · grades JK–5 · French Immersion | 550 m | 59%Grade 3 average |
| St Joseph Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 950 m | 78%Grade 6 average |
| ÉÉC du Bon-BergerConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 1.3 km | — |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Eastdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 750 m | — |
| Riverdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.1 km | 77%Grade 9 math |
| St Martin Catholic School (St.Martin)Toronto CDSB | Catholic · grades 9–12 | 1.9 km | — |
| École secondaire Michelle-O'BonsawinConseil scolaire Viamonde | French-language public · grades 9–12 | 2.3 km | 79%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 South Riverdale are shown to signed-in members.