$4,695,000 - 38 Avenue Road Unit 2002, Yorkville
Condo for Sale in Yorkville
64 days on marketNeighbourhood: Annex
- MLS Number
- C13079970
- Property Type
- Condo
- Status
- active
- Days on Site
- 64
- Bedrooms
- 3
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Step into this exceptional corner residence at The Prince Arthur, a rare offering in the heart of Yorkville featuring three bedrooms and five bathrooms. With its southeast exposure, the suite is filled with natural light throughout the day. An inviting foyer with marble floors and classic wainscoting creates a refined first impression, opening into expansive living and dining areas that balance sophisticated entertaining with everyday comfort. A covered private balcony flows seamlessly from the living room. The custom designed kitchen is both stylish and functional, showcasing premium appliances, marble countertops, and a breakfast bar that overlooks a bright breakfast area lined with extensive cabinetry. Tucked just off the kitchen, a discreet hallway leads to a powder room and a laundry room equipped with full-sized machines. The primary suite, entered through double doors, offers a serene retreat with unobstructed views of the iconic CN Tower, along with beautifully crafted his and hers walk-in closets and two luxurious spa-like ensuites. The second bedroom includes a built-in wall unit, a charming south facing Juliette balcony, and its own ensuite. The third bedroom/family room, features custom built-ins, hardwood flooring, and an ensuite, offering flexibility for a variety of needs. Residents benefit from living in a meticulously maintained building known for its discreet, five-star concierge service and an array of hotel inspired amenities, including a fitness centre with sauna, a theatre room, library, two elegant party rooms, and even a car wash. Steps to Yorkville designer shops and fine dining, as well as, close proximity to Bloor St and renowned cultural destinations such as the Royal Ontario Museum, the Royal Conservatory of Music, the University of Toronto, and Queen's Park.
Estimate your monthly payments for this property
Estimated Payment
$20,767.57/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
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.
38 Avenue Road Unit 2002, 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
Premium Pricing
At $1565/sqft, this property is priced above the Yorkville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 64 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 5 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.