$1,250,000 - 40 Oaklands Avenue Unit 321, Yorkville
Condo for Sale in Yorkville
Neighbourhood: Yonge-St. Clair
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- MLS Number
- C13810582
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2026)
- $6,369
- Maintenance Fees
- $2,551/mo
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Looking to Transform an Expansive and Well-Maintained Residence into your Dream Home? This Wonderful 1697sqft East-Facing 2-Storey Town Home Style Abode Offers a Spectacular Opportunity to Update to your Heart's Content! Designed by DuBois Plumb & Associates and Recipient of the Governors General Award for Architecture, The Oaklands, a Low-Key Luxury Building, Conveniently located just off Avenue Rd between Davenport and St. Clair in the Cottingham School District. The Elegant Layout features a Sprawling, Open Concept Living Room with Fireplace, Large East-Facing Windows Overlooking Front Gardens, Open Concept Dining Room Leading to the Large Outdoor Patio. Two Generous Bedrooms with Large Closets and Terraces. Primary Retreat Offers 4pc Bathroom with Soaker Tub and Separate Shower, Ample Closet Space. Large Laundry/Utility Room Provides Extra Storage and 200 AMP electric panel. Upgraded Parking Space with EV Charging. This Gem of a Building Welcomes Residents with a Wonderful Management, Concierge and Superintendent Team, Lush Landscaping, Light-Filled Atrium, Conveniences of a Car Wash, Visitor Parking and fees which include Water, Building Insurance, Common Elements, Rogers Cable and Internet. Hydro is Separately Metered. Lovely Neighbourhood with Great Parks, Restaurants, Shops and Summerhill subway station just moments away! Great Opportunity to Bring your Vision to Life and Create your Dream Home! More: Theoaklands.ca
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Estimated Payment
$5,529.17/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 321, 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
Competitive Pricing
At $781/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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. The $2551/month fees should cover building insurance, common elements, and reserve contributions.
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 $5,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.