$549,000 - 21 Scollard Street Unit 512, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Annex
- MLS Number
- C13649378
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Yorkville Living, Refined. Welcome to The Villas of 18 Yorkville, an intimate 7-storey boutique residence with fewer than 100 suites, ideally situated on one of Yorkville's most peaceful, tree-lined streets. Renowned for its exceptional concierge, proactive Board of Directors, professional property management, and recently renovated lobby, hallways, and party room, this impeccably maintained building offers boutique luxury with an unmatched sense of community.Suite 512 has been thoughtfully renovated from top to bottom, creating a truly move-in-ready home. Highlights include brand-new engineered hardwood flooring, refaced kitchen cabinetry, a beautifully renovated bathroom with modern ceramic tile, floating vanity and upgraded lighting, elegant wainscoting, fresh paint throughout, a custom mirrored feature wall, motorized window shades, custom wood detailing on the private balcony with professionally fitted artificial grass, and 9-foot smooth ceilings. Modern convenience is seamlessly integrated with a PhilipsHue smart lighting system, LED dimmers throughout, and a smart thermostat. Large windows frame peaceful views of the mature tree canopy, creating a bright and tranquil retreat in the heart of the city.Just outside your door, experience the very best of Yorkville with designer boutiques, acclaimed restaurants, cafés, Whole Foods, the Mink Mile, University of Toronto, and both Yonge & Bloor subway lines only moments away. Boutique elegance, exceptional management, and one ofToronto's most prestigious neighbourhoods-this is Yorkville living at its finest.
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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
Annex 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
- •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 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.
21 Scollard Street Unit 512, Annex / Yorkville / Summerhill
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Rental income estimator & ROI calculator
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 $1098/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.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Annex
I know Annex 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: Yorkville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.