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For Sale
$970,000
Unit 4404
MLS# C1352397038 Grenville Street 4404, Toronto, ON M4Y 1A5
2bed|2bath|900-999sqft
1parking|1locker
Residential Condo & Other|$929 fees|$4924 tax
53 days on market
Murano Condos Condos in Toronto C01
38 Grenville, Toronto C01
211
Total Units
2
For Sale
0
For Rent
43
Sold
203
Leased
$944K
Avg Price
35
Days (Sale)
22
Days (Lease)
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Property Type:
CondoNumber of Units:
211Condo Demand:
HighUnit Availability:
LowNumber of Storeys:
Condo Completion:
Unit Size Range:
0 - 1,799 SQFTProperty Management:
General Property ManagementMarket Overview
For-Sale Inventory
0.9%
Highest Sale (12mo)
$920K
Lowest Sale (12mo)
$349K
Median Maintenance
$701/mo
Year Built
Murano Condos Market
Updated Aug 10, 2026
Condos
Median sale price
$510K
Median PSF (est.)▼ 11.4%
$936/sqft
Sold last 90 days
6
Active listings
2
Months of inventory
0.7
Avg days on market
21
Sale-to-list ratio
97.00%
Absorption rate
150.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 76.92% · End-user: 23.08% (from 6 sales, 20 leases)
Price reductions (90d)
Price-reduction rate: 33.33%
Avg reduction: $33,450 (7.87%)
Monthly reduction trend
2024-12: 33.3% (3 listings) · avg $17,888
2025-07: 33.3% (3 listings) · avg $69,200
2025-08: 40.0% (5 listings) · avg $25,450
Re-entries (past 12 months)
Re-entries: 3 of 38 sold · rate 7.89%
Avg price change: -$10,000 (-2.00%)
Median PSF (est.) vs parent area
Median PSF: $936 — +5.89% vs community avg ($884)[premium]
Supply vs demand by unit type (90d)
Sample: 2 active listings · 6 sold (90d)
studio: 0 active / 1 sold · mismatch -16.67%
1br: 0 active / 2 sold · mismatch -33.33%
2br: 1 active / 2 sold · mismatch +16.67%
3br: 1 active / 1 sold · mismatch +33.33%
Concession pattern by unit type (90d)
1br (5 sales) — 60.00% closed with concessions, avg 3.08% below ask
2br (21 sales) — 90.48% closed with concessions, avg 4.48% below ask
3br (11 sales) — 81.82% closed with concessions, avg 3.64% below ask
Seasonality (annual pattern)
Historically strongest months: Feb, Jun, Sep
Historically weakest months: Nov, Jul, Dec
Annual averages: DOM 37.4d · sale-to-list 97.00% (n=38)
Monthly detail
Feb · 2 sales · DOM 9.0d · STL 98.35%
Apr · 3 sales · DOM 37.0d · STL 96.68%
May · 4 sales · DOM 38.0d · STL 98.96%
Jun · 4 sales · DOM 17.3d · STL 95.52%
Jul · 5 sales · DOM 49.8d · STL 96.71%
Aug · 7 sales · DOM 30.9d · STL 99.48%
Sep · 2 sales · DOM 25.5d · STL 96.36%
Oct · 3 sales · DOM 48.0d · STL 95.35%
Nov · 3 sales · DOM 48.7d · STL 97.66%
Dec · 5 sales · DOM 53.0d · STL 93.97%
Market Intelligence
Price per sqft analysis and trends
Murano Condos
Sale PSF
$1043/sqft
30 sales
Lease PSF
$4.39/sqft/mo
159 leases
Bay Street Corridor
Sale PSF
$911/sqft
20 sales
Lease PSF
$4.45/sqft/mo
1 leases
Toronto C01
Sale PSF
$883/sqft
173 sales
Lease PSF
$4.45/sqft/mo
1 leases
Toronto
Sale PSF
$788/sqft
861 sales
Lease PSF
$3.85/sqft/mo
1 leases
Price Per Sqft Trends
Avg:$1039/sqft
Range: $696 - $1302/sqft
Exact sqft
Estimated
Fallback
Avg
Location Comparison
| Location | Sale PSF | Lease PSF | # Sales | # Leases |
|---|---|---|---|---|
Murano CondosThis Building | 1043 | 4.39/mo | 30 | 159 |
Bay Street Corridor | 911+14% | 4.45/mo-1% | 20 | 1 |
Toronto C01 | 883+18% | 4.45/mo-1% | 173 | 1 |
Toronto | 788+32% | 3.85/mo+14% | 861 | 1 |
Green badges indicate the building is priced below the comparison area. Data from closed transactions.
Market Analysis
Sale prices at Murano Condos average $1043/sqft, which is significantly above the Bay Street Corridor community average of $911/sqft (+14%).
Prices here are premium compared to the broader Toronto area ($788/sqft).
The building offers strong rental yield of 5.1% based on current sale and lease prices.
The building has seen 30 sales and 159 leases in recent transactions, indicating very high market activity.
Avg Sale PSF
$1043
Avg Lease PSF
$4.39/mo
Gross Yield
5.1%
Transactions
189
Investment Analysis
Est. Monthly Rent
$3,218
Based on $4.39/sqft
Gross Yield
5.05%
Good Yield
Before expenses
Net Yield
2.85%
Low Yield
After expenses
Years to Recover
19.8
Via rental income
vs Bay Street Corridor
-0.81%
Bay Street Corridor avg: 5.86%
vs Toronto C01
-1.00%
Toronto C01 avg: 6.05%
Avg. Monthly Operating Costs
Maintenance: $1086/mo
Property Tax: $319/mo
Building PSF Range
$3Avg: $1,043/sqft$1,184
💡 Investment Insight: Murano Condos offers strong rental yield at 5.05%, making it attractive for cash flow investors. Yield is 0.81% below Bay Street Corridor average, likely due to premium pricing. Operating costs reduce yield by 2.20% - consider maintenance fees when evaluating.
Parking & Locker Values
Parkingbuilding
Purchase
N/A
Monthly Lease
$200/mo
Lockergeneric
Purchase
$10K
Monthly Lease
$50/mo
Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.
Amenities
BBQs Allowed
Bike Storage
Concierge
Elevator
Exercise Room
Game Room
Guest Suites
Gym
Indoor Pool
Lap Pool
Media Room
Outdoor Pool
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Tennis Court
Visitor Parking
Maintenance Fee Includes:
A/CBuilding InsuranceCommon ElementsHeatNoneParkingWater
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Building Reviews
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About Murano Condos Condos
Murano Condos is a premier condominium located at 38 Grenville, Toronto C01. This 211-unit building offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.
Currently, there are 248 units available at Murano Condos, with prices averaging around $944K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.
Murano Condos stands out in Toronto C01's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.
Whether you're looking to buy, sell, or rent at Murano Condos, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.
Explore more real estate in the wider area: Bay Street Corridor, Toronto C01 and the Toronto area.
Units for Sale at Murano Condos
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