MLS® listing
7 Bishop Avenue 501: condo for sale
$609,000
From the listing brokerage
Welcome to this newly renovated condo offering the perfect blend of comfort, style, and convenience in the heart of North York! This bright and airy condo features 2+1 bedrooms and 2 bathrooms with spacious living and dining areas, ideal for both relaxing and entertaining. Large windows and pot lights fill the space with plenty of light, creating a warm and inviting atmosphere throughout. Enjoy the convenience of ensuite laundry and 24-hour concierge. Included in this move-in ready condo are 3 storage lockers, and 1 parking spot in the condominium's underground parking garage. Additional amenities this condominium has to offer include a fitness center, sauna, squash/racquet court, indoor pool, visitor paring, and much more. Direct underground access to Finch Subway Station nd conveniently located near Yonge Street shopping, dining, public transportation, and parks - this condo is deal for commuters and those seeking vibrant city living with neighborhood charm. Don't miss this opportunity to own a move-in ready condo in a highly desirable location!
Facts on the listing
| Square feet | 1200-1399 |
|---|---|
| Style | 1 Storey/Apt |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $1,196 |
| Property tax | $2,843 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included |
| Building amenities | Visitor Parking, Indoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden, Gym |
| Balcony | Terrace |
| Laundry | Ensuite |
| Interior features | Carpet Free |
| Features | Public Transit, School |
| Floor | 5 |
Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS® C13686398.
More about 7 Bishop Avenue: every unit for sale in the building, fees and amenities
About this condo apartment
7 Bishop Avenue 501 is a 3 bedroom condo apartment in TRREB's Newtonbrook East community in North York, listed for sale at $609,000. The listing shows 2 bathrooms and 1200-1399 square feet. The unit faces south west. It comes with 1 parking space and a locker (owned) according to the listing. The nearest main intersection given is Yonge/Finch.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: visitor parking, indoor pool, party and meeting room, rooftop deck/garden and gym.
What it costs to buy 7 Bishop Avenue 501
At the asking price of $609,000, a buyer in the City of Toronto pays two land transfer taxes on closing. North York is inside the City, so both apply.
| Asking price | $609,000 |
|---|---|
| Ontario land transfer tax | $8,655 |
| Toronto municipal land transfer tax | $8,655 |
| Both taxes | $17,310 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $35,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,196 a month |
|---|---|
| Property tax (2025) | $2,843 a year, about $237 a month |
| Fee and tax together | about $1,432 a month |
The listing says the maintenance fee includes heat, hydro, water, central air conditioning, upkeep of the common elements and building insurance. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Maintenance fees are set each year in the condo corporation's budget and can go up. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 174 condo apartment sales in district Toronto C14 in Q2 2026, at a median of $570,000 and an average of $597,444. This unit is listed at $609,000, which is $39,000 above that median. In August 2026 the district had 52 condo apartment sales at a median of $532,500.
A district median covers every size and age of unit, so it is a reference point and not a valuation of this home. Size, floor, parking, condition and the building's finances all move the price. Our North York condo prices page has the figures for every district.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented, and get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and whether it calls for higher contributions.
- Get your financing in writing. A lender looks at the fee and the property tax as well as the price.
- See it in person. photos do not show noise, light at different hours or the state of the hallways and elevators.
Our guide to buying a condo in North York walks through each step.
About Yonge and Finch
Finch station is the north end of Line 1. North of Finch Avenue, the two Newtonbrook communities had 34 condo apartment sales in the second quarter of 2026, out of 112 sales of all home types (TRREB).
Transit: Finch station, the Line 1 Yonge-University terminus at 5600 Yonge Street, with GO Transit and York Region Transit connections
| TRREB figure | Median | Sales and average |
|---|---|---|
| Condo apartments, Toronto C14 (includes Newtonbrook East), Q2 2026 | $570,000 | 174 sales, average $597,444 |
| Condo apartments, Toronto C07 (includes Newtonbrook West), Q2 2026 | $580,000 | 101 sales, average $619,683 |
| All home types, Newtonbrook East, Q2 2026 | $1,185,000 | 54 sales, average $1,201,185. 21 were condo apartments |
| All home types, Newtonbrook West, Q2 2026 | $1,054,000 | 58 sales, average $1,030,510. 13 were condo apartments |
Questions about Yonge and Finch
How many condos sell at Yonge and Finch?
In the second quarter of 2026 TRREB recorded 21 condo apartment sales in Newtonbrook East and 13 in Newtonbrook West. That is 34 of the 112 sales of all home types in the two communities.
What is the price of a condo at Yonge and Finch?
TRREB does not publish a condo-only price for Newtonbrook East or Newtonbrook West. The closest figures are the districts: a median of $570,000 across 174 condo apartment sales in Toronto C14 and $580,000 across 101 sales in Toronto C07, both for the second quarter of 2026.
Is Finch station the end of the subway?
Yes. The TTC lists Finch station at 5600 Yonge Street as the terminus of Line 1 on the Yonge side. It has GO Transit and York Region Transit connections.
When does the Yonge North Subway Extension open?
Metrolinx gives no opening date. It says the extension goes into service after the Ontario Line is complete. The project page lists the excavation of the tunnel launch shaft as completed in July 2026.
Will there be a new station between Finch and Steeles?
Metrolinx lists five stations for the extension: Steeles, Clark, Royal Orchard, Bridge and High Tech. No station is listed between Finch and Steeles.
Is there a GO train station near Yonge and Finch?
Old Cummer GO is at 5760 Leslie Street, at Leslie Street and Finch Avenue East, on the Richmond Hill line. GO lists 462 parking spaces in its main lot. Finch station itself has GO Transit bus connections.
Do buyers at Yonge and Finch pay Toronto land transfer tax?
Yes. The area is inside the City of Toronto, so buyers pay both the Ontario land transfer tax and the Toronto municipal land transfer tax. Qualifying first-time buyers can receive an Ontario refund of up to $4,000 and a Toronto rebate of up to $4,475.
Read the Yonge and Finch condo guide · All Yonge and Finch condos for sale
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Questions about 7 Bishop Avenue 501
How much is land transfer tax on 7 Bishop Avenue 501?
At the asking price of $609,000 the Ontario tax is $8,655 and the Toronto tax is $8,655, $17,310 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 7 Bishop Avenue 501?
$35,900 at the asking price of $609,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 7 Bishop Avenue 501?
The listing shows $1,196 a month, including heat, hydro, water, central air conditioning, upkeep of the common elements and building insurance. Check the current fee in the status certificate.
How much is the property tax on 7 Bishop Avenue 501?
The listing shows $2,843 a year for 2025, about $237 a month.
Is 7 Bishop Avenue 501 priced above or below the area median?
It is listed at $609,000. The Q2 2026 median for condo apartments in TRREB district Toronto C14 was $570,000 across 174 sales, so the asking price is $39,000 higher. The median covers all unit sizes.
How do I book a showing for 7 Bishop Avenue 501?
Use the button on this page or call us. Quote MLS® C13686398. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 7 Bishop Avenue 501 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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