$2,395,000 - 407 Walmer Road Unit 401, Yorkville
Condo for Sale in Yorkville
New — Listed 5 days agoNeighbourhood: Casa Loma
- MLS Number
- C13501836
- Property Type
- Condo
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE/J & D DIVISION
Suites in this intimate boutique building are rarely offered for sale. A beautifully renovated corner residence offering approximately 2,100 square feet of elegant living space and breathtaking panoramic views of the downtown Toronto skyline in Forest Hill. Bathed in natural light, this exceptional suite enjoys south, north, and east exposures, with ever-changing vistas over the treetop of the Nordheimer Ravine. A welcoming foyer leads to expensive principal rooms, including generous living and dining areas. The renovated white kitchen features shaker cabinetry, Corian countertops, a bright breakfast area with unobstrcuted eastern views. The oversized primary suite with sitting areas, a walk-in closet, a renovated 3-piece ensuite, and a balcony. The second bedroom, currently used as a den, with wall-to-wall closets, wood floor has unobstructed east views. Additional features include a separate laundry room with washer, dryer, laundry sink, and second refrigerator, one underground parking space, and a locker. Residents enjoy an exercise room, sauna, visitor parking, barbecues permitted on balconies and pets permitted as per by-laws. This exclusive seven storey building with only 14 suites is a rare find in the city. Ideally located within walking distance to Forest Hill Village, Winston Churchill Park, TTC, grocery stores, restaurants, shops, synagogues, and churches. A truly special opportunity to enjoy a spacious, quiet condominium surrounded by nature, with spectacular ravine and skyline views in one of the city's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$10,593.89/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 Casa Loma
Casa Loma 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 Casa Loma
- •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
Casa Loma 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.
407 Walmer Road Unit 401, 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 $1198/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.
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. We'll want to verify the monthly fees and what they include.
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.
About Casa Loma
I know Casa Loma 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 $9,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.