$1,699,000 - 40 Oaklands Avenue Unit 107, Yorkville
Condo for Sale in Yorkville
34 days on marketNeighbourhood: Yonge-St. Clair
- MLS Number
- C13585246
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Ensuite
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Luxury living at The Oaklands, an award-winning modernist gem by renowned Architect Macy Dubois, recipient of the "The Canadian Architect" award of excellence and the Governor General's Medal for Architecture for The Oakland. This expansive 2-storey townhouse-style suite offers 1,722 SF plus oversized & intimate approx 492 SF, rarely available East facing, Terrace tucked into a quiet, tree-lined enclave in Summerhill, steps from Avenue and Cottingham. Scandinavian-inspired open concept design emphasizing simplicity, functionality and a strong connection to nature with panoramic windows and 2 direct terrace walk-outs. Neutral palettes and abundant wood bring warmth and maximize light. The chef's kitchen is a showpiece with Scavalini custom cabinetry and hand-picked lighting, Thermador appliances and a large island ideal for entertaining. A discreet main-floor locker room/pantry and a convenient 2-piece powder room enhance the ground level. The primary suite flows from its dressing area with wall-to-wall custom closets & organizers, to an oversized bedroom with architectural lighting. The spa-inspired 5 PC ensuite delivers with its stand-alone soaker tub, it's oversized glass shower stall and never-ending countertop with double sink, all delivered with materials that further connect this living space to the earth. A generous second bedroom includes a built-in desk and cabinetry. The 3 PC bath on the upper level leads to a tucked laundry room. This suite includes parking and ensuite locker. A rare opportunity to own a serene, architecturally significant urban oasis. NOTE: the Other Room is the Dressing Room and the other one is the Outdoor Terrace offering a very private "L" shaped setting, You're a 6 min walk to the Summerhill station and 10 min walk to Bloor & Avenue Rd. This is a prime location for dining with destinations like Scaramouche and Terroni, while the best of Yonge & Summerhill are moments away. And the Cottingham Tennis Club will keep you active.
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/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 Yonge-St. Clair
Yonge-St. Clair 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 Yonge-St. Clair
- •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
Yonge-St. Clair 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.
40 Oaklands Avenue Unit 107, 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 $1062/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 34 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.
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.
About Yonge-St. Clair
I know Yonge-St. Clair 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 $7,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.