$498,000 - 228 St. George Street Unit 5, Yorkville
Condo for Sale in Yorkville
New — Listed yesterdayNeighbourhood: Annex
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- MLS Number
- C14032806
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2026)
- $2,064
- Maintenance Fees
- $1,135/mo
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- BABIAK TEAM REAL ESTATE BROKERAGE LTD.
A rare opportunity to own a piece of old Toronto in the heart of the Annex. Tucked inside a converted historic mansion, this charming 1-bedroom offers the character of a century home with the convenience of condo living. Original wood detailing, trim, windows, a bay window and soaring 9' ceilings give the space a warmth and personality you simply won't find in a typical condo. The southeast exposure fills the home with natural light throughout the day, while the thoughtfully updated kitchen offers ample cabinetry and full-sized appliances. The bedroom features generous windows and a walk-in closet, with ensuite laundry and a coat closet adding everyday practicality. A brand-new HVAC heat pump has also just been installed. Set on one of the Annex's most sought-after streets, you're approximately 500m from St. George Station and within easy walking distance of U of T, the ROM, Yorkville, Bloor Street, Dupont's restaurants and cafes, shops and countless everyday conveniences. Leave the car behind and enjoy one of Toronto's most connected neighbourhoods. A unique home for someone who values character, location and a sense of history over cookie-cutter condo living. A rare find in a truly unbeatable location.
Estimate your monthly payments for this property
Estimated Payment
$2,555.00/mo
Includes CMHC insurance ($13,894)
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.
228 St. George Street Unit 5, 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 $996/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Yorkville'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 $1135/month fees should cover building insurance, common elements, and reserve contributions.
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.
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.