$1,199,000 - 1177 Yonge Street Unit 516, Rosedale
Condo for Sale in Rosedale
New — Listed 7 days agoNeighbourhood: Rosedale-Moore Park
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- MLS Number
- C13845070
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Rosedale / Moore Park
- Taxes (2025)
- $5,972
- Maintenance Fees
- $2,150/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
An exceptional opportunity to enjoy a maintenance-free lifestyle in the heart of Yonge & Summerhill! Unit 516 is an exceptionally spacious 1,471 sq. ft. residence offering generous principal rooms, tons of natural light and beautiful south- and east-facing treetop views. An ideal city home for downsizers, the thoughtful layout is perfect for both everyday living and entertaining. Dramatic curved wrap-around windows fill the expansive living room with light and frame the wonderful treed views, while a fireplace and custom built-ins add warmth and character. The separate formal dining room comfortably seats eight and offers a beautiful setting for dinner parties and gatherings. The updated kitchen features stone countertops, tiled backsplash, stainless steel appliances and ample cabinetry. Hardwood floors throughout.The spacious primary retreat features a large walk-in closet with custom built-ins and a modern ensuite with floating double vanity, deep soaker tub and separate glass-enclosed shower. A generous second bedroom and second full bathroom complete the space. The Ports is a coveted boutique building in one of Toronto's most desirable neighbourhoods, offering 24-hour concierge, gym, sauna, games room, private gardens and tennis court. Automatic accessibility doors provide convenient access to Yonge Street and the parking levels, along with a mobility access ramp. Enjoy the very best of Summerhill just outside your door - a short walk to incredible restaurants, cafés, shops and boutiques, Summerhill TTC station and nearby ravine trails for walking, running and hiking. Includes one underground parking space and a private locker room conveniently located directly behind the parking space.
Estimate your monthly payments for this property
Estimated Payment
$5,303.58/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Rosedale-Moore Park
Rosedale-Moore Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Rosedale-Moore Park
- •Convenient location in Rosedale / Moore Park
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Rosedale-Moore Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1177 Yonge Street Unit 516, Rosedale / Moore Park
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $856/sqft, this property is priced in line with current Rosedale market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Rosedale's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $2150/month fees should cover building insurance, common elements, and reserve contributions.
About Rosedale-Moore Park
I know Rosedale-Moore Park well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Rosedale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,996 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.