$2,680,000 - 150 Heath Street Unit 603 / 604, Yorkville
Condo for Sale in Yorkville
126 days on market- MLS Number
- C12841766
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
150 Heath St W is a refined luxury condominium property in mid-town Toronto. It is located in a walkable, highly desirable & affluent area where the neighbourhoods of Forest Hill South & Casa Loma meet, just a block south of Upper Canada Collage (UCC) and just a 4 block walk to Bishop Strachan School (BSS), 2 very prominent private boys' and girls' schools. Bus transit to the Bloor St Subway is out front, or it's about a 10-15 minute walk to the Yonge Street Subway station at St. Clair Ave. It's also about a 10 minute walk to the shops & cafés of Forest Hill Village. Recently, the building underwent thorough improvements and upgrades inside & out, including the grounds. There are views to the South, West, & North so there is light in this apartment; lots of light! 150 Heath provides an exceptional, luxury lifestyle. You can even get your car washed overnight. The kitchen is outstanding, has hardly been used as the Owners lived out of town. The pegged oak flooring in the principal rooms is of high quality and in very good condition. There is a highly reputable and enabling onsite Building Manager. Subject to upgrading some bathrooms (its listed accordingly), 603/604 will be a wonderful place to call home. $85,260.11 Reserve Fund Assessment to be assumed by Buyer. We priced it lower for this reason. Photos may be provided later.
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Estimated Payment
$11,854.54/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 Annex / Yorkville / Summerhill
Annex / Yorkville / Summerhill 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 Annex / Yorkville / Summerhill
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex / Yorkville / Summerhill 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.
150 Heath Street Unit 603 / 604, Annex / Yorkville / Summerhill
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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 $893/sqft, this property is priced in line with current Yorkville 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.
Negotiation Opportunity
At 126 days on site, this property has exceeded the typical selling timeline for Yorkville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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. We'll want to verify the monthly fees and what they include.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $11,167 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.