$1,134,900 - 4955 Yonge Street Unit PH119, Willowdale
Condo for Sale in Willowdale
45 days on marketNeighbourhood: Willowdale East
- MLS Number
- C13543872
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Willowdale / Newtonbrook
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- NORMAN HILL REALTY INC.
"Brand-new unit! Buyers may be eligible for an HST rebate". Luxury 2-Bedroom + Den Penthouse - Palm Model at Pearl Place, Yonge & Sheppard. 1,030 sq. ft. featuring 10-ft ceilings, floor-to-ceiling windows, and a bright open-concept layout. Rare Northeast corner penthouse suite with great views and a wraparound balcony. Tons of upgrades Modern kitchen with breakfast area, quartz countertops and stainless-steel appliances. Conveniently located steps to Yonge-Sheppard subway station with easy access to Hwy 401 & 404, shopping, dining, parks, and more. Premium building amenities include indoor pool, sauna, gym, party room, theatre, guest suites, and 24-hour concierge. Price Includes parking and locker. Second parking space available for purchase.
Estimate your monthly payments for this property
Estimated Payment
$5,020.05/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 Willowdale East
Willowdale East 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 Willowdale East
- •Convenient location in Willowdale / Newtonbrook
- •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
Willowdale East 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.
4955 Yonge Street Unit PH119, Willowdale / Newtonbrook
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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 $1135/sqft, this property is priced in line with current Willowdale 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 45 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.
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 Willowdale East
I know Willowdale East 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: Willowdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,729 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.