HOW TO READ AN MLS LISTING SHEET

HOW TO READ AN MLS LISTING: TOP SECTION

Address: This is straightforward. Alongside the address, you'll find the TRREB Municipality code (for example, C08 in the condo illustration above) and the TREB Community (Waterfront Communities). You can refer to this map to identify the various Toronto Regional Real Estate Board (TRREB) municipalities.

DOM: Stands for Days on Market, indicating how long the listing has been active on MLS. A lengthier period suggests limited interest in the property, providing a favorable indication for potential negotiation on the price.

Taxes: Reflects the taxes paid on the property and the specific year this figure represents (typically the most recent tax year).

Rms: Denotes the total number of rooms in the property.

Bedrooms: Signifies the total number of bedrooms. For instance, a listing indicating 3+1 implies three full bedrooms and an additional den or a very small bedroom.

Washrooms: Listed along with the floor they are on. For instance, 1×4 denotes a 4-piece bath with a tub and shower, 1×3 indicates a 3-piece bath with a tub or shower, and 1×2 refers to a vanity and toilet.

Level: Concerning condos for sale, it denotes the floor or level of the condo. It's important to note that the level may not always align with the condo number. For example, a condo listed as #1501 may be on level 14, even though the unit number is 1501.

Unit#: Corresponds to the unit number of the condo listing.

Locker#/Locker Level/Locker Unit#: Provides information about the condo's associated locker, including the locker number and the level where it is situated.

Dir/Cross St: Specifies the nearest major intersection to the listing address.

Prop Mgmt: Identifies the property management company overseeing the residence.

Lot: For houses, this discloses the dimensions of the entire property.

HOW TO READ AN MLS LISTING: MID SECTION

MLS#: The MLS number serves as a unique code for each MLS listing, crucial for referencing or searching on real estate platforms. You can use this number to search for specific listings on real estate websites.

Sellers: This refers to the names of the sellers, whether individuals or a corporation.

Possession: The possession date is the preferred closing date for the seller, either a specific date or a range based on the seller's requirements.

Occup: Specifies whether the MLS Listing is currently occupied by the owner or a tenant. If tenant-occupied, a 24-hour notice is required for property showings.

Status Cert: Indicates the availability of the condo's status certificate by the sellers, denoted as Y for yes and N for no.

Bldg Name: Specifies the name of the condo building.

Basement: Indicates the presence of a basement and whether it is finished or unfinished.

Heat: Specifies how the property is heated.

A/C: Specifies how the property is cooled.

Central Vac: Indicates the presence of a central vacuum system.

Apx Age: Represents the approximate age of the property, usually provided as a range.

Apx Sqft: Represents the size of the interior space, typically given as a range.

Sqft Source: Indicates the source from which the square footage was obtained.

Exposure: Represents the direction a condo faces, such as North (N), East (E), South (S), West (W), or a combination.

Elevator/Lift: Specifies the presence of an elevator inside the property.

Ens Lndry: Indicates if there is ensuite laundry, denoted as Y for yes and N for no.

Balcony: Specifies if there is private outdoor space connected to the condo unit, such as an Open Balcony, Covered Balcony, Juliette Balcony, Terrace, or None.

Laundry Lev: Indicates the floor on which the laundry is located.

Spec Desig: Specifies if the building has any special designation, such as being a heritage property.

Prop Features: Lists nearby amenities.

Exterior: Indicates the material makeup of the property's exterior.

Pets Perm: Indicates if pets are permitted or if there are pet restrictions in the condo building.

Locker: Specifies if there is a locker associated with the condo and whether it is owned or rented.

Maint: Indicates the current maintenance fees associated with the condo property.

Taxes Incl: Specifies if taxes are included in maintenance fees.

Heat Incl: Specifies if heat is included in maintenance fees.

Cable TV Incl: Specifies if cable TV is included in maintenance fees.

Bldg Ins Incl: Specifies if building insurance is included in maintenance fees (distinct from personal content insurance).

Com Elem Incl: Specifies if common elements (amenities) are included in maintenance fees, typically marked as yes.

GreenPIS: Likely a certification, but often not filled out and of minimal significance.

Water Incl: Specifies if water is included in maintenance fees.

Hydro Incl: Specifies if hydro (electricity) is included in maintenance fees.

CAC Incl: Specifies if electricity consumed by A/C is included in maintenance fees.

Prkg Incl: Specifies if the cost of any associated parking space is included in maintenance fees.

Park/Drive: Indicates the location of parking associated with the property.

Gar/Gar Spcs: Specifies if there is a garage with the property and the number of vehicles it can accommodate.

Drive Park Spcs: Indicates the number of permitted parking spaces.

Tot Prk Spcs: Specifies the total number of parking spaces.

Park Type: Indicates if the parking space is owned or rented.

Park $/Mo: Specifies the monthly cost if parking is rented or not included in maintenance fees.

Prk Lev/Unit: Specifies the level and parking space number. 

Bldg Amen: Specifies the amenities at the property, with limitations on space for listing all amenities.

Pool: For houses, indicates if there is a pool on the property.

HOW TO READ AN MLS LISTING: BOTTOM SECTION

Room/Level/Description: This section provides a comprehensive list of individual rooms within the property, along with their corresponding levels, precise dimensions, and details about finishes and special features.

Client Remks: Exclusive to each listing, this is a concise sales pitch crafted on behalf of the seller. It serves to describe the property and highlight its distinctive features.

Extras: This segment outlines what is included and excluded in terms of appliances and special items.

At the very bottom of the MLS listing, you'll find contact information for the listing brokerage, the agency representing the seller.

Use this guide as your reference when reviewing an MLS listing. With this information, understanding property details provided by your real estate agent will be a breeze. When the perfect property catches your eye, you'll be well-prepared to take the next steps toward purchasing your Toronto home.